Professor, you are predicting this as an economist or an astrologer? If as an economist,don't forget that USA has a GDP of $11,000Bn as against 700Bn of India and 1900 Bn of China.The writer has quoted just 80Bn as losses of various Banks in the above table.It may look a big amount for us Indians, and the Banks like SBI, but for the Banks here in USA,it is no more than one time newspaper news.The trouble with us Indians is that we try to reach at conclusions sooner than realities.When recently we Rupee appreciated against Dollar by five Rs or so, everyone is talking of $ slide & US recession, But they forget that when Manmohan Singh presented his first Budget as FM,Rupee slided by more than 10 Rupees to a Dollar.US economy is not as fragile as that of Asian Countries. Sahiwal
