politics

Group of 20 vows to avoid currency devaluations

12 Comments

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12 Comments
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May be its a case of everyone having played a little "dirty" and can't take the honors of casting the first stone.

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This is more proof in my country Canada that the 1.2 BILLION dollars spent on the last G8/G20 "meeting" was a colossal landmass waste of taxpayers money.

Pay it back Harperites..grrr

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The message is: the G20 is not a venue for resolving fundamental economic problems. What a shame, a policy was drafted dead on the table and things will continue as they had before this meeting.

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the market as much as it is manipulated, has certain internal trends that overall cannot be held back. The crush of someone's currency will eventually be one of them.

Eventually, since over time the countries who prop up the losers are themselves threatened by the cost of doing so.

Funny, but the market is forcing the largesse of the planet's largest economies down to size, and will do so until they run out of money. Then we will all be in a pickle, rather than just allowing and recognizing the correction to occur. The latter would be costly, but not disastrous.

Baby Boomers seem to need a disaster-level infliction of stupidity where ever they go

To quote a demotivational poster: "Quitters never win, winners never quit, but those who never win AND never quit are idiots"

Devaluation needs to occur for a market correction to occur. To prevent it prevents the imbalances from correction so more problems will continue. Duh

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No change in the value of the yen?

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So, no changes from this meeting... No surprises there, but nothing was resolved :|

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Sad to say but China is a winner of G20 meeting. Well, meantime global economy will continue to suffer.

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Every time I see these words I just shake my head.

'Sarge' that is just because you are a long term resident of Japan, accustomed to local manners :)

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"U.S. Treasury Secretary Timothy Geithner"

Every time I see these words I just shake my head.

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To foolish americans: Just lift the high-tech arms embargo to China, you'll get the so-called "imbalance" back. lol...

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The downturn of Japanese ecomony is destined in the next 10 years, we'll see..

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South Korean Minister of Strategy and Finance Yoon Jeung-hyun expressed satisfaction with the accord.

ok, so let's hope tumbling Yen will greet the country of rising sun tomorrow morning and onward ! Dream on :)

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