As Krugman and others have written, there’s a bit of a double whammy hitting the us right now: interest in their debt is weakening along with the currency. I can see them content with anything that makes imports more difficult, but higher interest rates on debt will sting. Unless, of course, it’s not honoured.
As Krugman and others have written, there’s a bit of a double whammy hitting the us right now: interest in their debt is weakening along with the currency. I can see them content with anything that makes imports more difficult, but higher interest rates on debt will sting. Unless, of course, it’s not honoured.