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#46
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Re: Can the $700 bn bailout fix US economy?
Le hi raha tha... ki Congress ne cancel kar di
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----------------------------------------------- "Hinduism brought a multitude of religions under one roof and survived for eons. Christianity and other religions will need to do the same or perish." - saneless |
#47
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Re: Can the $700 bn bailout fix US economy?
Major problem tha shayad ki congress ko intervene karna pada
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#48
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Re: Can the $700 bn bailout fix US economy?
So you agree that it was a major problem... phir kahe ko maatha phodi kar rahe ho
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__________________
----------------------------------------------- "Hinduism brought a multitude of religions under one roof and survived for eons. Christianity and other religions will need to do the same or perish." - saneless |
#49
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Re: Can the $700 bn bailout fix US economy?
Similar thing happened in Argentina in late 90s and thanks to delay in help from wall street, economy got screwed royally.
Seeking to exploit a fevered atmosphere for emerging markets, firms such as Goldman, Morgan Stanley & Co. and Credit Suisse First Boston LLC built their presence in Argentina and neighboring countries by dispatching teams of economists and financial experts, many in their twenties and early thirties. They competed fiercely for "mandates" from governments to be lead managers of bond sales, especially in Argentina, whose government was the single largest emerging-market bond issuer. They found plenty of customers for the bonds in the United States and other wealthy countries among professional investors who managed hundreds of billions of dollars held in mutual funds, pension funds, insurance companies and other large institutions. Link |
#50
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Re: Can the $700 bn bailout fix US economy?
So how long before India feels direct serious effects?
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#51
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Re: Can the $700 bn bailout fix US economy?
I think there'll be a slow down for sure, but not sure if India will get badly. Nobody in the US knows if we have hit the rock bottom, it'll be some time before the full extent of damage is known and the extent of damage will determine the impact on India.
I don't think subprime kind of crisis will erupt in India cause banks are still cautious in lending money so they will most likely take a hit as in the case of banks in US but things will cool down, builders wlll be hit since buyers are not going to be there, they are going to have to hold on to their projects and stuff like that. Let's wait and watch |
#52
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Re: Can the $700 bn bailout fix US economy?
Quote:
Probably one of the factors is also the NRIs investing in housing in India - making a definite 'housing market consumers are facing a problem' statement unreliable. Not sure about other lending areas. |
#53
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Re: Can the $700 bn bailout fix US economy?
Guys check this out. This video is both sad and frightening at the same time.
Sad, because its sorry to see people leave behind their cherished possessions in such situations, and frightening, because this might just be the trend going forward. Foreclosure alley...SoCal... http://kcet.org/socal/2008/09/foreclosure-alley.html |
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