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.