The Market On Thursday

So world leaders are meeting to figure out how to stimulate the world. Now that sounds like fun...

Futures are up allegedly because world leaders might impose new financial restrictions that would tamp down another occurrence of the great recession. Also they are big on, get this, GM and Ford's anemic car sales. The companies surpassed investors expectations by not having even lower car sales - talk about finding a patch of green in a moon crater.

We love this form of optimism-

Doctor: "Mr. Dion, you've lost so much blood that you won't survive the accident. But there's enough blood left to donate to the blood bank and so the nurses are going to throw a party."

It gets better though. There is also a new fear that the Obama stimulus will lead to - come on can you guess - inflation, yes inflation and then a second recession next year.

Doctor: "Mr. Dion, we've cured you of cancer. You will be fine except there is a strong chance we will see you here soon. You might also have leprosy."

Actually we recall that this warning has appeared before. First its we can't buy anything, even though everything is cheap, because we don't have any money. Coming up is, we can't buy anything because it costs too much, even though we have plenty of money. Somehow these two seem like the same thing.

Reuters: U.S. could face second recession next year

The U.S. economy has the potential for a "double-dip" recession, Van Ark noted, similar to 1980 and 1982, as commodity prices rise on the back of a falling dollar and monetary easing.

He added, however, that the likelihood of this scenario taking place is small as deflation risks are great, while government stimulus spending should stem further economic decline and ease the flow of job losses.

Reuters: Stock index futures point to rise at Wall St open

Markets are eyeing the G20 meeting in London, where world leaders moved to impose new financial rules and come up with more funds for the IMF...