Posts Tagged ‘of exporting’
The illusion of the G20
January 29th, 2010
It seems clear that this "prestigious" top twenty grouping (see 27) largest world economies will not address serious global economic dysfunction.
The main problem is probably the disorganization and lack of strict central banks worldwide. It is assumed that the bubbles in financial assets are related to excess liquidity. Surplus created by two phenomena: low rates of Western central banks for more than a decade even in phases of strong growth, but excessive accumulation of foreign reserves of exporting countries. (more...)Tags: Bonus traders, of exporting, of Western central banks, The foreign exchange market