[TWhiteBear]

Sorry for the language challange, but this is a very big issue and moving very fast. If the G7 does meet Sunday, there might not be enough time to implement any decisions before the markets would open. And depending on the decision, banks may have to regroup for a day or so. The G20 emergency meeting shows a lot of confusion at the highest economic policy level.

[E. Pluribus Unum]

President Cloward-Piven’s plan is working!

[Longbow1969]

Sorry for the language challange, but this is a very big issue and moving very fast. If the G7 does meet Sunday, there might not be enough time to implement any decisions before the markets would open. And depending on the decision, banks may have to regroup for a day or so. The G20 emergency meeting shows a lot of confusion at the highest economic policy level.

Seems to me the Eurozone is doomed. At what point do they just agree the whole thing didn't pan out, that a common currency didn't work, and let the whole thing dissolve. I think it's happening anyway. What are the forces really behind the desperate attempts to hold it together? Germany complains a lot, but it strikes me their industry is massively benefiting from the weak Euro and skepticism of some of the other economies in the zone.

I'd love to really pick the brain of someone who really knows these issues inside and out.

[ClearCase_guy]

This is really feeling like Sept 2008. Back then, the feeling was "The Sky is Falling! Everything is approaching collapse! It will be unbelievably bad!"

Of course, at the time, the solution was obvious -- throw about $1T in made-up money at the problem to keep the world economy from imploding. Well, here are 3 years later, another collapse seem imminent, and the one thing that S&P has made clear is that throwing vast quantities of made-up money is no longer an acceptable option.

Personally, I think that massive -- massive -- amounts of de-regulation and tax cuts would jump start our economy and generate world-wide economic growth.

But I know that won't be considered.