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Trouble with Trade Replies |
rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16939 Location: Sunny California
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Posted: Thu Nov 03, 2011 5:45 am Post subject: |
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Argentina, in a new kind of "industrial policy," will trade in your Porsche for peanuts:
http://www.bloomberg.com/news/2011-11-02/porsche-sells-malbec-to-keep-autos-coming-into-argentina-cars.html
This is probably a good thing for Argentina. Certainly it's more palatable than some of the "joint-ventures" structured in china. After default trade (im)balance necessarily takes on new importance. But, after the depression, so does the peeling back of Globalization everywhere. _________________ Today is the Tomorrow you worried about Yesterday! |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16939 Location: Sunny California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16939 Location: Sunny California
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