The news from the G-20 meeting was nothing new as the acrimony was quieted but next-to-nothing accomplished or agreed. The Chinese announced that they were raising the BANK RESERVE RATE. Does this really make any difference? The impact of non-banking entities is growing in the Chinese economy so we will have to watch if commodities sell off in the face of the efforts to slow the GREAT DRAGON‘s economy and slow the rising inflation that the Chinese leadership is so concerned about.