The focus at the G20 meeting has been on Syria even though that topic was never the intent. It is still not clear what the intent of this G20 summit was supposed to be. We will not see anything meaningful come out of this discussion. and that may be fine. There will be talk about how the developed world must cut back their borrowing excesses but that it must be done in a balanced manner. There will be discussions concerning the tapering of monetary policy and how that should be done gradually. There will be concern about capital outflow in the emerging markets.
Some countries will agree that there should be more funds available to stabilize the world. There has been talk of a new BRIC initiated stabilization fund. These funds often do not materialize after the camera lights are dimmed. The overall focus will be on gradualism and concern that growth should be managed and controlled. Jobs should be created, but at the end of the day leaders will get back on their planes and return to their countries and continue the status quo.
Businesses will have to get back to the job of trying to turn a profit and find the right mix of labor and capital. Hopefully, they will be able to do this in an environment that is not controlled by policy-makers that want to just find the right mix of fiscal and monetary benefits.
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