Premature? -  G-8 Plans to Reverse Stimulus as Rebound Signs Grow - By Simon Kennedy and Rainer Buergin -  Group of Eight finance ministers began drawing up contingency plans for rolling back budget deficits and bank bailouts as the economy shows signs of recovery and investors start worrying about inflation. – Bloomberg

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The Dangers of Cutting Stimulus too Soon – Now that there are a few bright spots in the economy, critics want to reverse course on stimulus. But history has proven that removing stimulus too early would send the world into economic depression. – planBeconomics

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Geithner: It’s Too Soon To Withdraw Economic Stimulus – By: Reuters – US Treasury Secretary Timothy Geithner said on Saturday it was too early to start withdrawing stimulus for the world’s top economies, but governments should pledge a return to more sustainable fiscal policies in the future. – CNBC.com 
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Russia Switching Reserves from US Treasuries

- Big shift in US debt growth rate over the past 12 mths vs. previous few years is bad for US Treasuries. Supply is already drowning out prices causing yields to rise.
- Budget deficits of about 13% expected in the near future: Obama’s 2009 fiscal deficit is expected to be 4 times higher than last year’s fiscal deficit. – more at Plan B Economics

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Goodbye dollar? – BRIC seeks global voice at first summit – By Guy Faulconbridge – The leaders of the world’s biggest emerging markets — Brazil, Russia, India and China — meet in the coming week for their first formal summit, seeking a louder voice on the global stage.  Leaders of the so-called BRIC nations will discuss ways to reshape the global financial system after the worst economic crisis for decades and ideas for a new reserve currency to reduce dependency on the U.S. dollar may be on the agenda. – Reuters