Good to see the strong will of the G20 as they agreed to maintain the economic stimulus. You would think there would be some serious discussion on how to control deficits. and get out of the stimulus business. With signs of a growth upswing, it would be natural for a discussion concerning a slowdown of wild government spending. We are not arguing for major cuts, but a greater awareness of the imbalances that are occurring and that private investment and spending not needs to be strengthened.
The market loved what they heard. More stimulus. Equities are up. The dollar is down and gold is higher. Surprisingly, bonds are also slightly higher.
Coordination of economic policy is supposed to help government make the hard choices not continue with more of the same.
The market loved what they heard. More stimulus. Equities are up. The dollar is down and gold is higher. Surprisingly, bonds are also slightly higher.
Coordination of economic policy is supposed to help government make the hard choices not continue with more of the same.
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