G20 Roundup

Success.  This is a word we can derive from the G20 meetings.  Going in I had my concerns with whether or not anything would be initated as summits usually are not the place for Financial Regulations to be set.  Times started off turbluent with the French President Nicolas Sarkozy threatening to walk out of the summit if his plan for tighter global regulations wasn’t adopted.  For Sarkozy ultimatums are not the smartest way to go especially when he is going up against the heads of much larger nations. In the end, however Sarkozy left satisfied with the G20 taking a step in his direction.  Going back on the idea of what was accomplished I think the big winners from the Summit where the smaller nations.  The $1 trillion dollars will help credit flow and revive the economies of these small nations who are unable to create their own money supply by printing money.  This contribution will help global liquidity and help the currency-crisis countries trade credit.  As for the U.S., I believe there was much anger directed towards us, since we are the one who created this problem.  The U.S. will not benefit as much from the money as we are such a large nation with so many needs yet every penny helps.  I agree with tighter global regulations as long as it doesn’t come at the expense of a list of restrictions on the U.S.  We need to regulate the economy and watch over it, but not control it and pave the path it shall follow. The worst thing that could have come would have been global restrictions on the economy especially for the U.S.  Plus Foreign nations need to stop blaming the U.S. for this crisis. Yes we started it, however if you had an independednt economy that did not rely on the help of the U.S. it should have never affected you. A key note is the outlook from the general population after the summit.  I feel a sense of optimism and positive attitude towards the strength of the economy, something that did not exist a short while ago.  Times are still going to be tough with the unemployment rate at a 25 year high, major holes among the Financial and Auto Industries yet we have managed four straight weeks of Wall Street reporting positive gains.  Never has Wall Street seen such success since 1938.  Its crazy, idiocracy, the ups and downs we are seeing.  So reffering back to the word success I wold classify the G20 as a success.  The set of changes which are poised to happen will make a big impact on strengthing the global economy.  

Below is a interactive chart breaking down how the G20 nations stack up.

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