The one-day extravaganza called the G20 summit meeting ended on April 2 just as most political meetings ended: with a lot of promises, few specifics, and no identification of who will pay.
What is a summit meeting? It is a junket for heads of state. What is a junket? It is a taxpayer-funded trip abroad for Congressmen and their wives – and sometimes without their wives, for the really popular junkets.
One of the astounding things about G20 or G7 summit meetings is that stock market investors briefly believe that the pronouncements of politicians regarding what they intend to do, really want to do, and cross their hearts and hope to die will in fact do, will actually be done.
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