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FT Alphaville —
Comment, analysis and other offerings from Wednesday’s FT: Martin Wolf: Why G20 leaders will fail to deal with the big challenge What is needed is a large increase both in aggregate demand and a shift in its distribution, away from chronic deficit countries, towards surplus ones. On both points, progress will be far too limited. ...
Should Obama Apologize to G20 for America?
Yahoo! Finance: Tech Ticker —
... was our financiers who concocted the mortgage-backed securities that are now bankrupting the world's banks. It was our consumers who gorged on debt and bought stuff they couldn't afford -- and who are now destroying the world's exports as they frantically sto spending. It was our regulators who failed to detect mind-boggling abuses and frauds that have cost global investors billions. Etc. So, should Obama apologize for our behavior to the leaders of the other G19? Yes, says our guest Martin Wolf , chief economics commentator for the Financial Times -- as long as he blames ...
Does America Owe the World an Apology?
Yahoo! Finance: Tech Ticker —
... was our financiers who concocted the mortgage-backed securities that are now bankrupting the world's banks. It was our consumers who gorged on debt and bought stuff they couldn't afford -- and who are now destroying the world's exports as they frantically sto spending. It was our regulators who failed to detect mind-boggling abuses and frauds that have cost global investors billions. Etc. So, should Obama apologize for our behavior to the leaders of the other G19? Yes, says our guest Martin Wolf , chief economics commentator for the Financial Times -- as long as he blames ...
Martin Wolf Is Such a Cheerful Polyanna!
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... Why G20 leaders will fail to deal with the big challenge: The summit of the Group of 20 leading high-income and emerging countries in London on Thursday seems set to achieve progress. But achievement must be measured not just against past performances, but against “the fierce urgency of now”. Unfortunately, it will come up short. ...
This just in from the G20 summit
Dani Rodrik's weblog —
... "World 'a few hours' from global plan for economic recovery and reform," announces the official web site of the London G20 summit (last checked at 5:02 pm EST--it won't be there for very long). Alas, the reality is more like this. ...
