Undercurrents of anxiety at G7 over US bull market

Professional Adviser
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It is a measure of how benign the world economic outlook is that the main topics on the agenda of the...

It is a measure of how benign the world economic outlook is that the main topics on the agenda of the G7 meeting in Tokyo were the level of the various currencies and a bit of wrangling over who would succeed Michel Camdessus when he steps down as IMF managing director in mid-February, In the absence of any strong candidate his deputy, Stanley Fischer, will probably fill the breech, but until the IMF sorts out its future it is going to be tough to attract top talent to lead it. The formal statement issued at the end of each G7 meeting is now routinely leaked or, at the least, flagged in adv...

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