The winner is… Deflation!  Trading theme in place…  RBA cuts rates 75 BPS!  Manufacturing collapses! And Now… Today’s Pfennig!

The US Treasury has announced that about a dozen chiefs of major global investment banks are to powwow with Group of Seven finance ministers and central bankers on Friday.

The Treasury has refused to divulge to the public the names of the banks who are sending representatives to the dinner which, according to a Treasury spokesman, is “recognition this G7 is very focused on market conditions.”