Saturday, May 30, 2009
US Dollar as world currency
"Zoellick Warns Stimulus ‘Sugar High’ Won’t Stem Unemployment" - World Bank President Robert Zoellick.
Friday, May 29, 2009
After the Housing collapse, a credit card collapse
After the Housing collapse, a credit card collapse!!! in the US.
"According to estimates by Oliver Wyman, a management consulting firm, card losses at the nation’s biggest banks could reach $141.5 billion by 2010 if the regulators’ loss rate was applied to their entire credit card business. It could top $186 billion for the entire credit card industry."
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.
Stressing the positive
"Hooray! The banking crisis is over! Let’s party! O.K., maybe not."
Even before the Bank Stress test results were announced, Tim Geithner, the Treasury secretary, told us they would be “reassuring.”
But whether you actually should feel reassured depends on who you are: a banker, or someone trying to make a living in another profession. more from the article.
Pep Talk
Worst over, Indian economy on road to recovery". Oh, really! Or pep talk for the markets from CNBC, "the TV channel for economy of the instant kind" !! Judge for yourself.
Think, for that makes you what you are. !!
"Welcome to the Republican Party."
Well, well. Think, for that makes you what you are. !!
The Anger Of A Fourth Grade School Teacher!
The Anger Of A Fourth Grade School Teacher!
Well I would say Obama is following Bush as far as the broad direction of economic recovery steps are concerned. (Which is printing more currency. And both of them have dumped the free market.) And one can notice the subtle arrogance of the American towards other nations.
Only the poor teacher is not traceable in spite of giving out the address and telephone no.
The Anger Of A Fourth Grade School Teacher!
Well I would say Obama is following Bush as far as the broad direction of economic recovery steps are concerned. (Which is printing more currency. And both of them have dumped the free market.) And one can notice the subtle arrogance of the American towards other nations.
Only the poor teacher is not traceable in spite of giving out the address and telephone no.
Who will bail them out!
Left is history"
After Bear Stearns, Fannie Mae and Freddie Mac, Lehman Bros & AIG collapse, is it the turn of the Left in India!! There was someone to bail out many of them, but is there anyone for the Left?
Google's answer to Quitting Employees!
"An algorithm Google has developed and says can identify which of its 20,000 employees are most likely to quit."
Don't know whether to laugh or cry!!
(May Google know that too much belief in models had bought many an IBank to their grief.)
Just Imagine
Just imagine:
There are no more sunrises, hours, minute, seconds or days;
It does not matter anymore what you owned or owed;
Your grudges, resentments, frustrations, jealousies no longer exist;
Your hopes, ambitions, plans and to do lists has no more relevance;
Your wins and losses does not matter any more;
Your beauty, brilliance, skin colour or gender no more is important;
Then You must be brain dead !!!
But one thing is true:
What will matter is not what you bought but what you made;
Not what you got, but what you gave;
Not your success, but your significance;
Not what you learned, but what you taught;
Not your competence, but your character;
Not how many people you knew, but how many really miss you;
Not your memories but the memories others have about you;
But You can't really bother at that time, can You!!!
Live Life Simple!!
(Part of this is not Original)
Just Wishful Thinking!
"I will not be surprised to see world trade stabilise, world industrial production stabilise and start to grow two months from now," Nobel Prize-winning economist Paul Krugman.
Global recovery could come about through more investment by major corporations, the emergence of a major technological innovation to match the IT revolution of the 1990s or government moves on climate change.
Or just wishful thinking!!
Where is the world going?
N.Korea just conducted a fresh Nuclear test; Iran test-fires a surface-to-surface missile with a 2,000 km range; And Pakistan rapidly adding to their Nuclear arsenal. In spite of the economic recession! Where is the world going? And which of these is the most dangerous?
Things that matter, and Ministers that don't !
Things that matter, and Ministers that don't !
"So it’s not clear to me how a party with a majority will do any better when our ability to tackle the roads, ports, power projects and airports problem has not shown marked improvement in the last five years."
“The challenge is to execute, execute or get executed.”
End of Recession in Sight
90 percent of economists predict the recession will end this year.
Really interesting90 percent of economists predict the recession will end this year.
.
Really interesting
90 percent of economists predict the recession will end this year.
Really interesting
Green Shoots Or Yellow Weeds?
And a comprehensive look at the world.
http://www.forbes.com/2009
And a comprehensive look at the world.
http://www.forbes.com/2009
The point they forget to mention is that they all are talking about the bottom. Talking about the recovery, many agree that it will be a painful & slow process, and some are talking about a double recession. We can only hope for the best.
Corporate Tax Exodus
Obama administration unveiled its plan to crack down on corporations using tax havens to avoid paying their full share of tax.
And the remedy according to the author is "the government simply declares that any company doing $50 million or more inside the United States will be taxed as a U.S. corporation."
And if other countries like India follow this then Microsoft & Intel will also be Indian Companies !!!
Source: www.thebigmoney.com
When the Obama administration unveiled its plan to crack down on corporations using tax havens to avoid paying their full share of tax, there was a corporate outcry, especially loud in the business media. Many trumpeted the view of Americans for Tax
And if Obama's other reforms like taxing the companies BPO'ing to third world countries works out, their business itself is likely go to the third word companies!
Carry On Obama!
Carry On Obama!
A double recession in the offing!! I
A double recession in the offing!! Is Prof Robert Shiller talking only about UK or he means US also?
Source: business.timesonline.co.ukOne of the world's most influential economists warns today that Britain faces the prospect of two recessions in quick succession.
"Predicting the economy is even more difficult than forecasting the weather", says Bernanke, the Federal Reserve Chairman. And he advises: "be optimistic, be flexible — even adventurous" !!! (http://www.chicagotribune.com/business/nationworld/wire/sns-ap-us-bernanke,0,2406927.story )
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