China unease only part of global economic worries

European G20 countries are telling the U.S. to re-regulate banking first, THEN worry about spending more money.

”The issue is not spending even more but to put in place a regulatory system to prevent the economic catastrophe that the world is experiencing from being repeated,” German Chancellor Angela Merkel said this week.

It’s a sentiment with which I agree.

Barney Frank has talked about, and is working on, something. I say no more “stimulus” until U.S. financial institutions get reined in.