Can the $700 bn bailout fix US economy?

[Sane Less]

Originally Posted by santra

Hmm Constipation problem

Kuchh lete kyon nahi

Le hi raha tha... ki Congress ne cancel kar di

[santra]

Originally Posted by Sane Less

Le hi raha tha... ki Congress ne cancel kar di

Major problem tha shayad ki congress ko intervene karna pada

[Sane Less]

Originally Posted by santra

Major problem tha shayad ki congress ko intervene karna pada

So you agree that it was a major problem... phir kahe ko maatha phodi kar rahe ho

[santra]

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

[kkkk]

So how long before India feels direct serious effects?

[gayaguzra#1]

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

[kkkk]

Originally Posted by gayaguzra#1

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

I dont think that is entirely correct. The housing market in India has been in boom since a long time. One of the main reasons was easy availability of loans with very competitive rates of interests. though the rates have now gone up, housing market does not seem to go in for a correction to a considerable degree. Even now, Builders have a big bottom line.
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.

[santra]

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