Archive for April 1st, 2009

G-20 Restart

Wednesday, April 1st, 2009

Apparently the first ‘real’ day of meetings is tomorrow, Thursday. As
I understand it, which is perhaps not true because there is a lot of
obfuscation around this event, there are four days of meeting. Even
if there are three ‘real’ days, the meeting very probably goes into
the weekend.

To make a long story short (too late!) the vital pronouncements could
come on Friday. Or if the news is going to be so bad that they think
it might cause a panic or worse, we could get that bad news on the
weekend… which I’m starting to think might be the most likely
scenario. The FDIC announces bank closings each Friday after the
stock market closes, so there is lots of precedent.

In any event, a good week to keep holding your breath until it’s over.