Asia Pacific Equities Slump Following Ridiculous Pledge by G-20

Check out this statement by the G-20 following the recent multi-day plunge in global equities and commodities: "We commit to take all necessary actions to preserve the stability of banking systems and financial markets as required"

Is that statement supposed to ignite global laughter, relieving the market of stress? I suspect not, which means it should be worrying. At any rate, Asia-Pacific equities responded with a big yawn.



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Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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