Saturday, November 13, 2010

G-20 summit ends with watered-down agreement

This (originally LA Times) article is excellent, and well worth the read. Macro economics often are hard to grasp for lay people. This article does very well to present a great deal of important information in a clear and comprehensible way.

Amplify’d from
Reporting from Seoul —

The leaders of the world's 20 major economies on Friday ended a frequently rancorous two-day summit in this northeast Asian capital without reaching agreement on specific steps to avert damaging currency and trade wars.
There were far more setbacks than gains, but President Obama suffered the biggest disappointment, falling short in his attempt to forge a unified approach to boosting the global economy.
The previous day, the U.S. and South Korea acknowledged that they remained in a stalemate over a free-trade agreement that has languished in the national legislatures of both nations.Read more at

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