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Don't Fight the G-20

By Vincent Farrell Jr.

About this article:
The G-20 met over the weekend and let us know money will be available. The G-20 was founded in 1999 to "bring together systemically important industrialized and developing economies to discuss key issues." It's a very important group indeed. Together, the 20 countries represent two-thirds of the world's population and 90% of global gross domestic product. A G-20 statement released over the weekend said, "Economic and financial conditions have improved following our coordinated response to the crisis. However, the recovery is uneven and remains dependent on policy support. We agree to maintain support for the recovery until it is assured." The old saying, "Don't fight the Fed" can now be expanded to "Don't fight the G-20." The group's silence on the U.S. dollar's weakness was deafening. Investors have no other conclusion to draw other than the greenback's weakness will be tolerated, if not encouraged. The Wall...

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