Can The U.S. Rebalanced The World Economy

Treasury Secretary Geithner preparing to address the Commonwealth Club in Palo Alto, Calif., Monday. Reuters

Geithner's Goal: Rebalanced World Economy -- Wall Street Journal

Treasury Secretary Timothy Geithner said he would use weekend meetings of G-20 finance ministers to advance efforts to "rebalance" the world economy so it is less reliant on U.S. consumers, to move toward establishing "norms" on exchange-rate policy, and to persuade others the U.S. doesn't aim to devalue its way to prosperity.

In an interview with The Wall Street Journal, Mr. Geithner said the world sorely needs to agree on guidelines for exchange-rate policy. "Right now, there is no established sense of what's fair," he said.

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My Comment: You do not have too much credibility when you are unable to even re-balance your own economy. This is all talk and wishes from Treasury Secretary Timothy Geithner.