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However, given that the Bernanke Fed had not over-tightened, the chances are that the easing, if required, might be neither significant nor prolonged.
The point is that Bin Laden had helped bankers’ bonuses ever since his Al Qaeda flew two planes into the WTC building on September 9, 2001. Let me explain.
The well intentioned but potentially dangerous move to cap interest rates charged by consumer finance companies may dry up credit for households.
It is too soon to claim that Japan would take over as global growth engine from US, though it has the potential to do so. What is clear is that other regions cannot aspire to that role.
In foreign policy, India must learn to think strategically and not sentimentally. It might sound obvious, but its application in our foreign policy is not so obvious.
Usually, currencies appreciate when investors sense a yield advantage either now or in future. Most Asian currencies have seen their short-term interest rates peak already.
Emerging nations have decided that they would accumulate current account surpluses. On top of that, they also began to attract capital which they then on-lend to the US government.