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elena_murooni

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elena_murooni

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Re: RichardTC post# 43092

Friday, 11/14/2008 4:52:28 PM

Friday, November 14, 2008 4:52:28 PM

Post# of 111139
I'm not sure where I read it recently, but the whole idea of protectionism might (so said the article) take a new face.

Rather than tariffs & global trade protectionism, a new form of protectionism might come in the form of interest rates. In an economic downturn, it behooves a stricken country to attrack capital for stability... and that might cause interest rate wars which, when all is said & done, would function much like protectionism tariff policies.

That could actually happen.
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