Market Intelligence—07.04.09
Macroeconomics
The last two weeks have been dominated by talk about the G20 summit in London. On one hand the results were not overly impressive. The free world has to accept that governments feel they are entitled to regulate the global economy more and are trying to close the few loopholes that still exist. As much as this may meet with general acceptance, it should be remembered that, so far, there has always been a solution to the problem for those who wanted to find one. Finance and business is quite creative. On the other hand, we should remember that regulations, which most Europeans like, mean more bureaucracy and administration. The way this is done and the implications in terms of cost and efficiency are familiar problems for many of us.
