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.
Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
