Beaujolais & Big Macs April 3, 2003 Dear Investor: Whether of Beaujolais or Big Macs, the boycotts on both sides of the Atlantic are illogical pursuits. These boycotts, populist and porous as they are, will do little overall damage to the world economy unless they become sanctioned and enforced by governments. If that were to happen, Smoot-Hawley protectionism would complete the final phase of this market cycle, sending the economy into...