RE:very good article
by govind wattal on Dec 18, 2007 05:58 PM Permalink
France also reduced its dollar reserves, trading them for gold from the U.S. government, thereby reducing the US%u2019 economic influence abroad.
Chinese are smart they are ofloading their usd reserves on other countries before the value of usd comes down and panic situation arises they are buying valued resources and good companies of other countries for depriciating usd
What US and europe have been doing for decades is being replicated by China dn India perhaps in the 21st century. Afterall oeven if China invests its 1.2 trillion reserves and Inida another 250 Billion - it is peanuts compared to the vast spread of US investments and of other developed nations. Remember, they too have substantial investments made in China and India...
RE:Why so much hue and cry ?
by Sami on Dec 18, 2007 05:52 PM Permalink
rajesh, you are correct. what i feel it is not the investment which matters here. the value. everything is with $ . when $ goes down what will happen?
Encourage oil producing countries to invest more capital goods and infrastrcutrue in India and in other third countries rather than investing in Indian stocks which can be of temporary nature. These countries can have a more reliable partner in India than in Western world.
Why so much alarm if the new wealth is not generated by old world people or economies and by new economies such as China, Middle East etc. Your article is on lines of views held by English people (when they were masters of India)that Indian people are not capable of running India and that work must be done by English people only.
For God sack, being a CA, have broad mindset and view about world economy. Man it is changing and changes are part of life and history
RE:Sovereign Wealth Fund
by Sami on Dec 18, 2007 05:47 PM Permalink
vijay desai sir, What you predict sir? I feel that the global market is heading to big confusion. British and us are allies but British have consolidated their position in the market where as us (was strong but)has drained its economy in Iraq. for the worse the countries who have fund reserves in us are trying to depeg from $. in my opinion i predict the market is heading to a crash landin. am i correct?
RE:Sovereign Wealth Fund
by tumpalahiri on Dec 18, 2007 06:20 PM Permalink
Sack/sake........but i agree that this article has been written from the perspective of some GORA doomsdayer.... The tone and content is fit for a CAT passage...but it is higly opinionated..... so as an independent observer i give it 5/10 AVERAGE
THE FIRST THING ALL THE WESTERN COUNTRIES LIKE USA, UK, GERMANY, FRANCE ETC. SHOULD CLEARLY RESTRICT ENTRY OF GULF MONEY INTO THEIR MARKETS IN ANY FORM OF INVESTMENT. THIS WILL NOT ONLY LIMIT THE FINANCIAL & RELATED RISKS BUT ALSO COULD CONTROL EVER RISING CRUDE OIL PRICES WHICH IS ALWAYS AT THE MERCY OF TERRORIST CONTROLLED GULF COUNTRIES. WHAT CAN THE GULF COUNTRIES DO WITH MORE THAN WHAT CAN THEY EAT/CONSUME FOREGIN EXCHANGE RESERVES. IT WILL AFFECT ITS OWN ECONOMY LIKE JAPAN. ALL THE INFRASTRUCTURE CREATED IN THE GULF WILL GO WASTE WITHOUT PATRONIZING BY REST OF THE WORLD. ITS A SURPRISE THAT THE WHOLE WORLD IS DANCING TO THE TUNE OF HALF A DOZEN CRUDE PRODUCING COUNTRIES. ITS TIME THE WORLD ACTS FAST TO DO SOMETHING TO BRING DOWN THE CRUDE PRICES DOWN TO LESS THAN $30 PER BARREL.
RE:Global financial threats
by Sami on Dec 18, 2007 06:49 PM Permalink
Oil price and production is controlled by US and Uk, Do you call them terrorist?
Strategically this is well target artical. It is also alarmist. The most these SWF will do is arm twisting. Everybody who has more than a tomorrow's bread, has a stake in orderliness
RE:us markets
by Dr. Dotnetskov on Dec 18, 2007 04:54 PM Permalink
I agree. It is unlikely that Bernanke doesnt know and Mr.Venkatesh does. Or is this a rip off from 'Economist'? Let me check latest edition. We may be well adviced to put our house in order and bring budget deficit % to GDP under control before worrying about US
RE:us markets
by Sami on Dec 18, 2007 05:23 PM Permalink
yes it is matured. that is the reason all having fund in us want take it back after maturity resulting US to dance according to their tunes. If not they will depeg their currency from $. they dont do it now because if they depeg their value deposited in us will diminish
RE:us markets
by natraj tanjore on Dec 18, 2007 05:51 PM Permalink
Yes USA is so advanced that they let 5 planes get hijacked on a single day and had their tallest building blown off! Nature is a perfect circle, and when a man thinks he is smart and can see the trouble coming 100 kms away, trips badly and falls, failing to see a cobblestone out of sync on the pavement!
RE:us markets
by Gautam Sinha on Dec 18, 2007 05:15 PM Permalink
It is not about USA capable to handle this but the other nations who think of financial future who will not go beyond a certain range.
RE:us markets
by Rajan Sodankur on Dec 18, 2007 05:44 PM Permalink
Before other potential enemy countries wreck US economy be assured that Americans themselves will wreck their economy and society by thinking of right goals and following the wrong paths to achieve it creating millions of enemies with and without. They are busy still searching for weapons of mass destruction in Iraq, Osama in Pak-Afgan border, spying and worrying on Iran instead of bring to book the devil from Pakistan who spread nuclear technology clandestinely in the moslem world, supporting and siding with dictators in outside countries to save democracy at home, overconsuming everything spoiling the environ to invite many more Katarinas at home. THey are too busy inventing excuses to interfere and manipulate outside world to suit their temporary greeds to be worried about such possible economic catastrophe. God save the Earth.
RE:us markets
by arnold on Dec 18, 2007 05:14 PM Permalink
You are right Rahsmi, US thinks 100 years ahead of the rest of the world, So, this will never happen.
RE:RE:us markets
by Gautam Sinha on Dec 18, 2007 05:21 PM Permalink
Nope. Not 100 years. In some fields they are 1000 years behind also. We can see their policy makers thoughts on global warming. In some fields they really think ahead but not 100 years
RE:us markets
by arnold on Dec 18, 2007 06:29 PM Permalink
Hi Gautam, Do you know that 90% of the cause of global warming is natural like Volcono Eruption etc... an only 10% is because of human beings?
Do you know that the excavation in english channel brought out Dinosar Fossils under sea bed Means All europe was a tropical forest millions of years back, Now it is cool because of natural reasons?. So, when the warming started million years back naturally or now?
RE:us markets
by Gautam Sinha on Dec 18, 2007 07:11 PM Permalink
Yes you are right about the number of causes of global warming and that is natural. But do you know that human being related activities are tipping it much faster than usual? USA is one of the prime contributors to it and is not willing to regulate industry.
RE:RE:us markets
by Sami on Dec 18, 2007 05:27 PM Permalink
yes yes they were really thinking 100 years ahead. that time they were safe $-re was 1-49. But some itching made to go ahead of thousand years. touched Irq. now 1-39. all nris want not to keep $. naturally it will still go to 1-30 soon
