Monday, February 23, 2009

'Protectionism will breed itself'

A week to watch on several fronts

As another week ends with bears running wild in the market, the four friends – Jogin (a student), Divya (a journalist), Bidyut (an economics professor) and Mack (an American expat working in India) – meet for their weekend powwow.
Divya: Mack, there is a lot of talk about nationalisation of banks in the US. Do you think it will happen?
Mack: Well, the new government has said they favour banks in private hands but I think we can expect part-nationalisation regulations soon.

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