The G20 summit ended Friday with a statement of principles but no commitment to action, leaving the United States to go it alone in dealing with its fragile under performing economy and near-double digit (or even higher) unemployment. Leaders pledged to work together and to refrain from protectionism and competitive devaluation of currencies. They also agreed to take steps to promote growth in low-income countries. More ยป
Do As I Say, Not As I Do
Posted: November 15, 2010 in Commentary, EconomicsTags: Bernanke, currency, devaluation, Emerging markets, Federal Reserve, Inflation, quantitative easing, Ron Paul
The G20 summit ended Friday with a statement of principles but no commitment to action, leaving the United States to go it alone in dealing with its fragile under performing economy and near-double digit (or even higher) unemployment. Leaders pledged to work together and to refrain from protectionism and competitive devaluation of currencies. They also agreed to take steps to promote growth in low-income countries. More ยป