More on Bubbles & Recession

Well if we thought it is the end of recession now, there are lots to ponder over.

US started it all with its subprime and free dollars.

Indian real estate has already been fed about 60 Billion by foreign remittances in this year alone from NRIS, who are now investing in Indian Real Estate - May be another Bubble in the rising

Dubai Debt Crisis

China pushing up the Commodity prices

Japan's new $81 billion stimulus program, after the earlier trillion dollar programs didn't work. So trying the same thing again and in false hopes. Like someone said about the computer novice who repeats the same actions which didn't work before in the false hope that next time it is going to work.

Greece & Spain of the infamous 'PIGS' (unlike the BRIC countries) (PIGS also includes Portugal & Ireland), whose soverign debt is on Creditwatch negative by Standard & Poor. (http://www.theaustralian.com.au/business/markets/credit-ratings-agency-standard-poors-lowers-outlook-on-spain-to-negative/story-e6frg926-1225808872170)

Venezuela on a Banking crisis (http://www.businessweek.com/bwdaily/dnflash/content/dec2009/db2009129_922314.htm).

UK, whose economy has been ravaged by growing debts and ruined Banks that it may be following in the footsteps of Japan's Lost Decade of the 1990's, as per NYT. (http://www.nytimes.com/2009/11/21/business/global/21pound.html)

North Korea, redenominated its currency for the first time in 50 years and limited how much old money could be traded for new, likely wiping out millions of residents' savings and much of the cash used in market activities frowned upon by its authoritarian government (http://online.wsj.com/article/SB125963843649570793.html).

Vietnam devalues its currency (http://online.wsj.com/article/SB125912411180263533.html).