Market Upside Down: How to Invest Profitably in a Shrinking Economy

Conclusion

About the time of the first anniversary of the collapse of world financial markets, the finance ministers and central bankers from the Group of Twenty developed and emerging economies met in London in 2009 to gauge the state of the world economy. The “Group of Twenty Finance Ministers and Central Bank Governors” (G20) is a loose formation that comprises the finance ministers and central bank governors of 19 countries, which account for 85 percent of world GDP and 80 percent of world trade, and the presidency of the European Union. They first praised themselves for stabilizing the financial markets amid signs that the global economy is improving, even though “public spending, like the successful cash-for-clunkers schemes, has predominantly ...