On Sunday we wrote that a Global Recession requires a Global Response. On Monday, WSJ had the similar view presented in “US to Push for Global Stimulus.”

US will push for more spending by countries like China, India and G7 who haven’t done enough in terms of boosting internal demand. While new rules of managing International Trade and Financial markets are needed, now is not the time to be tinkering with the same or putting too much energy, focus should be on getting the global economy out of this mess.

(Source: WSJ)