g20 hot air.... no action...market down, page-9

202120, what was the logic that came out of the G20?

If all that they have done so far has done nothing ... what will a talk fest do? Please explain.

Some points worthy of discusion:
1. Europe is in recession;
2. Libor down? yes ... they're still not lending to each other - banks are still scared stiff of each other;
3. Companies making losses? Yes.... GM is asking a handout;
4. Other companies will ask for handout soon. There is no escaping it.
5. Are consumers spooked? Yes .... Consumer debt is at all time high and that will eventually hit hard.
6. Is company confidence down? Yes, all the miners are cutting back and if they haven't yet, they will soon.

There is lots more but that's enough for now.