We have been following the FIFA World Cup soccer games, a favorite sport that, like investment strategy, can leave its bruises. Rest assured, we have not allows ourselves to be completely distracted from the extended play of global markets. In between the FIFA matches, we followed at one other G-Sport -- the scores at the recent G meetings, both G-8 and G-30. As in the FIFA games, conditions that were extremely competitive and the game-making plays of "consensus-building" extremely challenging. Will multilateral forums such as the G-20 successfully finesse a global rebalancing?
For a number of reasons, we doubt it.