Tuesday, May 26, 2009

Could US Credit Fuel India's Rise?

The carry trade. That's when countries with low-interest policies see their money borrowed out and invested in other countries where the interest rates are high. That description fits the US and India quite accurately right now. Could the flood of cheap credit in the US result in a massive influx of investment capital into India?

Well, at least we don't have to bomb our own people for cash, like the Pakistanis.

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