The G-20 meets in Pittsburgh, and expectations are low

Filed under: International markets, India, China, Brazil, Russia, Mexico, Canada, Japan, Recession, Financial Crisis

The G-20 is meeting again, this time in Pittsburgh, and as is so often the case when the world's industrial powers gather, the operative phrase is 'lower your expectations.'

What can investors look for? Well, one thing investors should not look for is any G-20 type of action on banker compensation/bonuses, other than a call for each nation, 'to do more to ensure that constructive incentives are in place' to prevent a repeat of the lending practices/perverse incentives that helped trigger the global financial crisis. There is support for compensation caps in Europe (except Germany); however, the United States and United Kingdom oppose them, so the issue is a non-starter.

Continue reading The G-20 meets in Pittsburgh, and expectations are low

The G-20 meets in Pittsburgh, and expectations are low originally appeared on BloggingStocks on Thu, 24 Sep 2009 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=b859d5047705746b59b1ca2491d65ae5