The First Shots
January 22, 2009 at 08:48 AM EST
For some time, Macro Man has held the view that one of the primary second-order risks of the current financial crisis and the concomitant recession would be a broad-based rise in protectionism and beggar-thy-neighbour policies. To be sure, for the likes of China and other Asian mercantilist nations, such activities are meat and drink for economic [...]