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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (56974)	3/28/2006 12:48:02 AM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Beggar-Thy-Neighbor * Definition: "A course of action through which a country tries to reduce unemployment and increase domestic output by raising tariffs and instituting non tariff barriers that impede imports which, by reducing export markets, tended to worsen the economic difficulties that precipitated the initial protectionist action." egss.ulg.ac.be Beggar-thy-neighbor devaluation A Devaluation that is designed to cheapen a nation`s Currency and thereby increase its exports at the expense of other countries. Devaluation can also reduce a nation`s imports. Such devaluations often Lead to Trade wars. trading-glossary.com Mish