I thought there was a “growing consensus”?

We were told this morning that there was a growing global consensus that the G20 would tackle the imbalances that scuttled the global economy. Now we hear from the Chinese that that it’s not their fault that they’ve squirreled away the largest cash horde in the history of man. At the same time, the Germans want to focus on financial regulation and address imbalances another time.

Anybody expecting big results from Pittsburgh? Not me.