RE:oh really?
by arun dudani on Feb 07, 2008 12:37 AM Permalink
You think of 9/11 as a joke? A laughable matter? Only few thousands of innocent people died that day you know. It was perhaps only a 5000 or 6000 children who became orphans that day but millions after that.
And you laugh. Well I do not really have any words other than *disgust* for someone who refers to 9/11 jokingly.
RE:oh really?
by Your Nemesis on Feb 07, 2008 01:00 AM Permalink
Oh, so...sentimental! Oh, so...sensitive! Crocodile tears! Pathetic!. 1000s are being killed in India due to extremist violence everyday. Not seen a single line on that! Buggers get emotional for all the rest. What is disgusting is religious hatred, and casteism. If these stops, the rest will fall in place. Pathetic Indians! Buggers will call for unity based on religion, but none has the guts to drop their fuking caste names.
RE:RE:oh really?
by Infidel Blogger on Feb 07, 2008 01:08 AM Permalink
Look outside the box. The bush govt. will fake similar 9/11 attack to reign fear among public and to crush public dissent. The neocon lobby is drumming the beats of war with Iran so a staged attack will bolster this claim. Detention centers are being built all over the US by Chenney/Halliburton in preparation of martial law. All hells gonna break loose when the fed crushes the dollar for Amero. The average joe in a couch potato is content in front of 50" HDTV watching Super Bowl and American Idol and pulling hairs out of gay rights as long as he can swipe the plastic card. The common american will get the biggest shock when one fine morning the dollar gets worthless and its imminent. Osama was and is the highest paid actor of CIA.He's probably dead or sipping wine in the carribean. So don't be surprised when another 9/11 happens.
RE:oh really?
by Sam on Feb 07, 2008 02:08 AM Permalink
you guys are pathetic.. even if for instance we accept that bush planned that, ( no there is no limit for imagination). it still does not deny the fact that thousand of innocent people have died. people not only in the tower but also in plane. so 9-11 is not a laughable matter. in a same way mumbai blast or UP blast of any other blast where innocent people are killed are not a laughable matter. atleast have some sensitivity for human life, dont be so apathetic. loosers
My take is that the US will run into a noticeable recession and the economy will face some hardships especially from second half of 2008. This would be characterised by - - employment slowdown - reduced corporate earnings - reduced consumption/spending.
Most of all I feel there could be a noticeable decline in fuel consumption. America consumes 40% of the world's oil production. Reduction here will mean huge reduction of offtake of petroleum which means oil prices should go below US $ 80 from the present US$91.
A 10% reduction ( or even more ) should result in a massive increase in revenue and profits for oil marketing companies - especially IndianOil and Bharat Petroleum. Indirectly ONGC would also benefit.
This probably should result in a massive surge in earnings of IOC and BPCL leading to a corresponding surge in their stock prices. Investing in these stocks can be considered a calculated risk - but a well calculated one.
RE:I could be mistaken but this is purely my view.....
by ASHOK on Feb 02, 2008 05:50 PM Permalink
US is going in for SOLAR / WIND / ETHANOL in a big way. It will eventually help reduce Crude oil as well as coal consumption.
But than China & India are going up on Energy Consumption.
RE:I could be mistaken but this is purely my view.....
by Infidel Blogger on Feb 07, 2008 01:27 AM Permalink
Brazil and Europe is doing the right way with ethanol and solar. The flip side of it is - high commodity and food prices as excess of land are being used for corn production. What goes around comes around.. Plus massive corn based ethanol aint' cheap. Its different with sugarcane based, but US is not yet up with sugar based etahnol production in mass scale. The big oil mafia and auto lobbies won't let it happen. Well, i traded my 93 octane gas guzzler with a 05 VW diesel/grease hybrid and get paid from local restaurants for their unwanted rapseed oil/grease. Way to go !
It does nt matter ,the USA still remains the best plac to live in the world for its great cuture,entertainment,infrastructure which makes it a place hard to leave.
RE:Dos nt matter
by shiva on Feb 02, 2008 11:27 AM Permalink
Agreed. The point is they get there by living beyond their means in a state of borrowing without any thought for repaying. The bubble will burst.
It is prudent India does not partake in funding any of these unsusutainable fetish.
RE:Dos nt matter
by Sam on Feb 07, 2008 02:14 AM Permalink
dont worry shiva. US will learn from its mistake unlike India. after enron they implimented Oxley-serby act to stop accounting fraud. they beefd up security after 9-11 and there is no bomb blast so far in 7 yrs. but what in india. stock market crash. corporate and political corruption which will never get noticed. corruption from peon to administrative official. social injustice. nithari kand. kidney kand and who knows whatever kand. so compared to all these US is still a better place to live. u keep ur motherland board on ur chest and feel proud with no electricity and water and polluted roads with bird flu on door.. and then got forbid come under impact of bomb blast in ur vicinity and then all ur problems will be solved.
it is a regular economic cycle, boom, inflation, recession are part of economics, one who rises, comes down, so no one can avoid this. the hype of US recession is because so many countries and its economies are more or less connected with it so that is going to affect.
About ten years back,one famous american economist commented "" no body can prevent the recession of american economy and india and China's economy are bound to rise"". President Sarkozy has rightly commented''American economy is not transparent."" It is very urgent that people of india should demand transperant economy.No profit Railways budaget suddenly become significantly profitable under Laluji.It is important.
The end of US is forthcoming. How long can an individual remain on debt?...similar is the case of America...how long can America have a per capita income of 46000$ when each american owes to the rest of the world 32000$?.....someday this has to give in.....
I dont know when it will happen......may be in 5 years.....may be in 10 years....may be in 20 years....or even maybe in 1 year.....but the Economic Armegeddon could happen in US with the dollar falling in its value badly......
RE:Dont know about US future
by Mahendra Patel on Feb 06, 2008 07:17 AM Permalink
BUT IT IS BOUND TO HAPPEN- GET BACK TO BASIC SHAKE OFF DAY DREAMING AND LOOKING ELSEWHERE TO GRAB NATURAL RESOURCES OF OTHERS BY FORCE- PATRY IS OVER.
Americans have no self control, like Britney Spears. They are arrogant advising all & sundry about free trade, convertible currencies & free for all democracies. They run huge deficits banking on US dollar as the international cuurency of trade. It is only a matter of time the lid gives away, sucking everything through the bottomless hole.
Everything is done to waste. They do not want to rein in on oil consumption polluting the whole world and setting a bad example. Their banks are mismanaged, but the CEO's are paid even hundred of millions. Think of it, Citibank etc are in trouble, but the persons responsible for these fiascos have left with millions, leaving risks of trillions. Other companies on the brink of bankruptcy pay severance pay of millions to their top brasses. The forex dealers are paid fat bonuses whereas the blue collar workers struggle.
All their assets are on fire sale. China & Gulf countries can just lap it up. In fact the whole of America is hurting and the govt has no clue. They can bring down the whole world. Nero is fiddling when Rome is burning. If you have no bread, just eat cakes on borrowed money. What is the use of all talk without any action to go to the root of the problem - profligacy? They think they have a birth right for oil and for multiple cars.
Thank God, rupee is not convertible. Otherwise, our banks would have lost billions.
Uncertain times ahead! The deep freeze in US can affect us more than many think.
Well there is a financial crisis. The CDO's the mortagage backed securities and the financial stocks are in a slump. But note that it does bring the world economy to its knees and most americans are not the loosers in this. American economy is going into recession but on a YTD basis for the month of Jan american stock market is the least effected compared to Europe and Asian markets.
A lot of people here are showing the per person debt that is accumulated by americans but note that just less than a decacde before the same americans were facing a crisis that they would have eliminated all the debt because of the budget surpluses. This would have caused some other financial problems for people who have invested in the Government bonds.
The debt that is seen is most external debt as america does not have a concept of internal and external debt. India too has a massive amount of debt and also runs huge deficits in the budgets in India most of debt is held by Indians in the form of Postal Savings, RBI Bonds etc so all in all even with the massive indian population the debt per person is massive in India when an internal and external debt is considered.
RE:Does it really matter to Americans
by rakesh dikshit on Feb 02, 2008 01:21 AM Permalink
The biggest form of debt America has created is by printing the greenback (Dollar Note) at approx US $2.34 ( cost fig quoted some time back) and selling it into the world mkt at full price of US 100 $ note - thereby taking a debt in the form of goods purchased for its consumption. This was possible because the Greenback is the currency in many countries including USA. In addition the world traded its commerce in US Currency and this led to more printing of notes as countries built their reserves in this supposedly strong denomination.
Lo and behold. The greenback is loosing its sheen and the economies have started shunning it on the sly. There is no open admittance of this trend but the rising Euro and Pound Sterling as well as others is just a pointer in the direction the Greenback is now dwindling towards. And the slide is slowly but surely declining a bit too fast of late for US liking. Any watcher of the USD:EUR rate would vouch for the same.Euro was below one US Dollar in 2003 end and now see where it is placed (read US Dollar). US Dollar has lost 50% of its sheen in just a three years.
The sub prime mortgage crisis is a phenomenon when the general public was roped into sharing of the Loot of the "borrowed surplus" with a gung ho attitude of the drivers in D.C. They started believeing in their own paper castles.
America has done well on foreign lands but its score in house has always been in complete disorder whenever chips are down.
