Although the Europeans, Japanese, and Americans have pushed interest rates to 0%, Asian countries have not.  China still holds a firm 6%, while India, China, and Russia all hold about 8%.  I would be interested in seeing what their growth rates would be like if they introduced some heavy monetary stimulus. I don’t mean to imply that their growth rates aren’t already high, but I wonder if it would have much of an effect on the world economy. Either way, I believe the U.S. is in for a fun little surprise once we realize that Mitt Romney’s tax returns don’t matter as much as the financial crisis ahead of us if the Eurozone goes to shit.

Although the Europeans, Japanese, and Americans have pushed interest rates to 0%, Asian countries have not. 

China still holds a firm 6%, while India, China, and Russia all hold about 8%. 

I would be interested in seeing what their growth rates would be like if they introduced some heavy monetary stimulus. I don’t mean to imply that their growth rates aren’t already high, but I wonder if it would have much of an effect on the world economy.

Either way, I believe the U.S. is in for a fun little surprise once we realize that Mitt Romney’s tax returns don’t matter as much as the financial crisis ahead of us if the Eurozone goes to shit.

Tags: eurozone europe asia china india brazil russia usa america finance economics economy growth interest rate bank romney obama tax japan