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.
