G-20; lots of bark but no bite

Discussion in 'Economics' started by bearice, Nov 11, 2010.

  1. Tensions are running high as the G20 summit gets under way, but will those tensions translate into concrete actions? The markets seem to have adopted a slight risk-off attitude ahead of the meeting.

    There is a possibility the G20 summit will actually be eventful... The US wants a cap on the trade balance of economies of 4% of GDP. The Germans are cranking up the currency manipulation rhetoric against the US to a degree previously unheard of. The Chinese authorities have downgraded US sovereign debt, perhaps in retaliation for the failure of US authorities to recognise the Chinese company Dagong as an official credit rating agency in the US.

    Complete article-: