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  • Nothing comes out of the G20 meeting...

    * G20 largely a non-event... * Pound moves up... * Brazil falls on sell off of emerging markets... * Japan enters recession... ** Nothing comes out of the G20 meeting... Good day...and welcome back to another work week. I driving into work this morning and started thinking about the growing number of people who no longer have jobs to report to. And the problems are no longer just concentrated on the manufacturing sector. I was shocked at the long list of retail stores which are planning to shut down after the holiday season. The situation in the US economy continues to deteriorate, and unfortunately things are going to get much worse here in the US before they turn around. On that cheery note, I'll get started....
  • FOMC Finally Comes Clean (sort of)

    * FOMC finally comes clean... * Pound Sterling to drop with falling consumer confidence... * Bank of Japan holds rates... * AUD$ and NZD$ economies prove resilient......