All together now: GLO-BAL-IS-M

No currency deal on the IMF front this weekend; but really, did we expect anything more than dialogue?

What did seem to be decided upon was the need for more emerging economy representation on the global front ... because the developed economies are running this global supertanker aground, of course. The IMF said:

“Stronger and even-handed surveillance to uncover vulnerabilities in large advanced economies is a priority ..."