Friday, May 29, 2009

Substitute USA in place of China

Well US can print more Dollars. What about India.
"India, Suddenly Starved for Investment " -NYT.

But let NYT pray that China does'nt start dumping their US Dollars.
I think India will be able to manage their affairs quite well in this scenario.

Source: www.nytimes.com
India’s phenomenal growth in recent years was largely financed by foreign investments and loans, which have fallen sharply in the downturn.





Well. Thomas L. Freidman had long ago asked for prayers to be said for China. So the one I had remarked can be added to the set he had given.(may be roles changed with USA for China & Rest of the World for USA!! :-) Let Us Pray -By THOMAS L. FRIEDMAN (Published: Sunday, May 2, 2004).

Source: www.nytimes.com
Here's what I learned in Tokyo: If you're the leader of Japan, America, Australia, Taiwan, Malaysia, Russia, Thailand, Indonesia, Singapore, the Philippines or the European Union and you're not going to bed each night saying the following prayer for China, then you're not paying attention:




One can only say three things: 1. They've done a pretty good job so far. 2. The job gets harder every day. 3. No one will be immune to the fallout. The relationship of the world to China right now reminds me of that old banker's rule: If a client owes you $1,000, that's his problem. If a client owes you $1 million, that's your problem. China's stability is our problem. -- further from the article

Well just one thing. Substitute USA in place of China!!

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