http://news.yahoo.com/s/ap/20081116/ap_on_bi_ge/meltdown_summit
http://www.reuters.com/article/GCA-Economy/idUSTRE4AD7AK20081115
It is definitely short of the Bretton Woods. Bush seizing every opportunity to speak, trying to reassert US dominance.
The next meeting would be in London in April. Then Obama would face Gordon Brown.
Market would probably be ranging in the beginning of next week, then conitinue its downward probe, or so called Break out of Range, with USD Index testing 90 end of next week, if not next week around Thanxgiving.
Just read the Financial Times, one FT writer wrote that once this recession fades off, steep inflation would return, especially Commodities.
Have been reading lately, quite a lot of bullish views on Commodities. Personally think Commodities is a good buy, as supply is limited. However it is a matter of the price level.
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