Archive for September, 2009
The G-20 meeting this weekend announced that they were going to stimulate to kingdom come. The communique ironically mentioned that the group will work to address excessive commodity price volatility and to achieve high stable growth which will require orderly rebalancing of global demand.
In the short-term, this might mean a shift away from stimulative growth in China, Canada, and Australia. Also, any fast runups in commodities might be met with heavy selling or even government intervention. This will create even more volatility in the long-term.3 comments