It is a passing cloud. America has got enough natural resources. Till an alternate World parallel economy is substantially established, U.S. will get over from the current financial crisis. There will be a general spread of the effect in other countries. Housing Loans, Credit Cards and Stock Markets are way above the Banking and Trading Transactions. The gains and losses in these three areas are very steep.
RE:U.S.Economy
by Fab Reens on Feb 01, 2008 05:02 PM Permalink
'passing cloud'?? Really? That's the kind of fallacy that created global warming. This is beyond the 'tip of the iceberg'! And it has started melting. America has slipped into inflationary depression. Its waves will hit everyone like Tsunami. India might be saved from more catastrophic effects due to various reasons but nothing about this 'cloud' makes me complacent.
RE:U.S.Economy
by Nandu on Feb 01, 2008 05:08 PM Permalink
Global Warming???? Globe was much warmer long back...Global warming is pure dream. There is nothing as such global warming.
Early 20th Century was much warmer in any parts of the world. PLease see the highest temperatures recorded in any country to find out. Dont just sing with the crowd
RE:U.S.Economy
by Fab Reens on Feb 01, 2008 05:22 PM Permalink
I think, Nandu, you are the ostrich with your head burried in the sand. I am not an expert scientist in global warming. So I'd prefer to 'sing' with our Nobel Laureate Indian at IPCC and Al Gore.
why are you all crying now when usa's economy is going down???? one thing is very much sure that indian are very much greedy people in world. why every indian's is wanna go to usa than.
Does this collapse (if it does occur) go to show that capitalism and consumerism are also failed ideologies? On the brighter side reduced US consumer spending may be good for the worlds environment and other natural resources such as oil. A poorer US may also think many times before plunging people in to war.
RE:End of consumerism?
by Sivakumaran on Feb 01, 2008 05:30 PM Permalink
A poorer US means, the $surpluses of various countries including India cannot be put in anywhere else Just because no other country in the world could carry that kind of amount multi trillions. If all those money resides only in our central banks, the banks cannot pay interest, that means reduced interest to you and me. What does it mean is you and me would buy everything you could think of. It would result in inflation. There would not be much supplies to meet the req. Because that would be the case with other countries as well. There would not be any investments coming from anywhere else to the developing countries as well.
Having said much about the US in the negative side, it is also a country which has more needs to import (good for india kind of countries) all those would be cut off. Job loss in the home countries.
Americans Became More Intelligent by letting a set group of private bankers to control the world's financial sentiments through the FED -- read with article Who cares for the dollar? Not the Fed, surely!--
It is in the best interest of every investor to stay away from investing in such companies who have more than 30% of their income accruing from US and nearby countries.
It is better to be safe than sorry.
And please someone convince the SEBI to fix a limit for FII's daily trading activity, they are the real culprits who are making every investor to lose their money.
If it was not for the FII's trying to withdraw their money during the 1st half of january we wouldnt have seen such a carnage in the stock markets
So please somebody explain SEBI to do something about controlling these FII's
RE:Americans will run like hell
by Sivakumaran on Feb 01, 2008 05:32 PM Permalink
if they were not there in the Market you would not be getting such kind of returns as well.
RE:Americans will run like hell
by Fab Reens on Feb 01, 2008 04:51 PM Permalink
FIIs are not the only manipulators of our markets. Don't forget the bulls like Ketan Mehta, Rakesh Jhunjhunwala, Ambani bros., and now a host of other corp. chaps who stay behind screens and direct. Lungi no. 3 at SEBI (Damodaran) has done his job. He'll be retiring now by the end of Feb 08.
RE:Americans will run like hell
by anil pinto on Feb 01, 2008 05:10 PM Permalink
My dear Mr. Reens it precisely the 3 lungi's who have helped the economy of our country grow, and you seem to be quite an expert going by your comments am really curious to know how exactly you are doing on your economic front before you comment on our leaders.
RE:Americans will run like hell
by Fab Reens on Feb 01, 2008 05:33 PM Permalink
Lungi No. 1 (Chidambaram) has made 'timely' comments to either precipitate or levitate the markets. Rumour mills say he's made unimaginable money in the markets - maybe some for his party. Lungi No. 2 (Reddy) has destroyed private banks nurtured by non-congress govts. Even when esteemed foreign org.s were ready to take over. Has shown ability to do flip-flops on policy matters to do Centre's bidding. Lungi No. 3 (Damodaran) - if you know how SEBI has worked in the last 3 yrs, I wouldn't have to say more. Even now, when faced with such a big crash in the market, how come SEBI has not initiated any inquiry to get at the real truth why our mkts. crashed now, or why were they were going up when rest of Asia was crashing??? It's all in timing, my friend. They are our respected leaders, but 'daal mein kuch kala zaroor hai!'
RE:Americans will run like hell
by psycho on Feb 02, 2008 04:22 AM Permalink
hey don't use "lungi" -- such words these guys have acheived a lot in life. If you think you r smart enough , why don't you take their position. no you can't , first of all to reach such position you have to slug it out for 20 years in some government office. you can't do that. I guess you r not capable of that. BTW , these people didn't tell you to invest.
No doubt, US economy is worrying the world. Everyone is being effected. It is time for India too, to take certain corrective measures, the way in which food items, property market and shares have gone up, certainly alarming bell.
I think now fed will have to beg to china and other asian countries for dollars!!..I beleive americans dont have any surplus dollars in their reserve..they ve a huge trade defecit..I am wondering how they are going to arrange huge capital at such a low interest rate..War Save America..
RE:Borrow from China
by Fab Reens on Feb 01, 2008 04:32 PM Permalink
Fed is already used to that. It survived the 90s on Japanese buying US govt. securities to the tune of 12 trillion dollars. See Japs faces now. Japs are also faced with 0% or even negative interest rates.
RE:Borrow from China
by Ajay Gupta on Feb 01, 2008 04:43 PM Permalink
What is negative interest rates? Somebody gives money to me , and the interest also? Wow!
RE:Borrow from China
by Pankaj Ramani on Feb 01, 2008 05:11 PM Permalink
Why worry , take loan fr US @ low rate and fund Indian Capital Mkt...make US so poor that they r left with NO strength to recover their money !...Tit 4 Tat
Anything based on wrong principals are bound to collapse. Examples of Great Britan , USSR ARE in front of us. The intrest and false war on the world are a bad thing which is collapsing now.
