An article relating to last G20 (Group of 20 Economic Powers) meeting refers to language and terminology used that is sure to send most people of the world running for a dictionary. Are these people that represent the global financial stability really that intelligent compared to the rest of us? One wouldn’t think so considering the recent collapse of global markets.
Terminology used in article include: Omnipotent force – Cross purposes -Exacerbated – “Macro-prudential oversight to prevent the build up of systemic risk” – cataclysmic change. (see article)
None of these terms assured me that these people are qualified to bring about global financial stability going forward.
Doug T……..The fund guy
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Friday, March 27th, 2009 at 7:54 am
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