Quote:
Originally Posted by nick_alan_76
Wish I was exposed to gold during the 2001 bust. Got burnt royally for being all in tech stocks. Anyway, what happened... happened. Now with the trillions being pumped into the economies worldwide, i think the rampant inflation is on the way. Anyway, that's a finance/economics discussion.
Oh BTW, did you guys see a report on Q4 economic report on India ? Economy grew by ~5%. The doesn't even cover inflation.
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Unfortunately for the ruling party, the slide did not wait till the elections. It has begun in right earnest.
Q1 2009 should be lower simply because Oct 2008 was still not as badly hit as Nov, Dec OR Jan 2009. The next budget is going to be
really interesting. While I believe that the World's economic storm will have an
increasing and much bigger effect on India than popular perception has accepted, even the fiscal deficit next year itself will add to our problems.
Job/Salary cuts, roaring fiscal deficits, crashing exports. 2009 is going to be a very interesting year. Almost surely economy will not revive in 2009. Look at 2010 minimum for the revival.
Also, as this slide accelerates the real drop in RE prices will srart showing!
cheers