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Market Break Into G20
Yesterday, Tim Geithner said that the US would not be devaluing the dollar. When have we heard that before? Virtually every Treasury Secretary since Donald Regan has said they wouldn’t devalue, but...
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G20 Fireworks-Early (UPDATED)
The fireworks for the G20 are already starting. China, where all fireworks are manufactured, started today by telling Treasury Secretary Tim Geithner (from the FT) that; “We believe a discussion about...
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G20 and It's Not A Car or A Plane
G20 meets tomorrow. That alone may decide the direction of markets barring some craziness out of the PIIGS. Yes, the PIIGS are back in the news. They are the bad penny that won’t go away. The...
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G20 a Dud
The G20 meeting this weekend was supposed to sizzle. Instead, it was another dud. Nothing came out of it except the transfer of power from South Korea’s Lee Myung-Bak to Nikolas Sarkozy of France. The...
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