Filed under: International markets, China, Japan, Recession, Financial Crisis

U.S. Treasury Secretary Timothy Geithner, attending the Asia-Pacific Economic Cooperation meeting in Singapore Thursday, told Bloomberg News he sees “early signs” that the world is addressing imbalances in spending and saving that contributed to the global financial crisis. That’s likely to be interpreted as a bullish sign by institutional investors.

Equally important, meeting attendees, which include finance ministers from China, Japan, and Australia, also reiterated a pledge to maintain stimulus efforts “until a durable recovery in private demand is secured.”

Continue reading Geithner sees ‘early signs’ that global imbalances are being addressed

Geithner sees ‘early signs’ that global imbalances are being addressed originally appeared on BloggingStocks on Thu, 12 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

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