newz

Hi guys..

below is a writeup from today's Economic times ....that's just the tip of the ice burg, so to say... according to some experts this is showing signs of a global recession.. that would mean a longer time for recovery .. Europe , US, UK, Euro zone,New Zealand , Australia , Canada are in crisis... South Africa is on the Verge of recession....
Electricity/ oil shortages, high interest rates, soaring inflation, a slumping housing and vehicle market and lower business and consumer confidence are the indicators...

What it means to us is... invest if you get a good bargain in real estate it will pick up,equities is another good investment , pick the right stock at the right price..(study the market and invest when it is low).... reduce your expenditure as the market is very uncertain...

thats it for now..over & out


here is a small writeup from today's Economic times...
Small companies to face the heat of US meltdown
22 Sep, 2008, 0000 hrs IST,Sachin Dave & Ashish Agashe, ET Bureau

From Economic times

It's been exactly a week since Lehman Brothers went bankrupt, Merrill Lynch got sold and American International Group (AIG) was bailed out by an $85 billion US Fed grant. The unprecedented events that unfolded that manic Monday have completely altered the financial landscape of the world.

Back home, as the Sensex plummeted, the mood turned somber. Assurances by the finance minister notwithstanding, the man on the street looked perplexed. Those with a job weren't sure if their jobs would remain or if their salaries wouldn't take a hit. Those in business had no idea what the blizzard would have blown into their lives.

When Lehman went down, panic ran amok from Tirupur's textile hub to the auto parts cluster in Pune and among Rajkot's machine tool makers. While the big producers (of cars and petroleum products, among others) seemed unfazed, most small entrepreneurs had no clue if their businesses were safe. Exporters made frantic calls to their US agents and franchises wanted to know if the expansion plans initiated barely a few months ago were still on track.

In Hyderabad, G Bala Reddy, chairman and managing director of ICSA, a power solutions firm, is still a worried man. Almost half his company's shares are owned by Goldman Sachs, HSBC, CLSA and the government of Singapore. Reddy tells ET he was unsure if the tectonic shifts on Wall Street will not shake up his business. "Until now none of the foreign investors have sold their shares. But we cannot expect to stay untouched by the current situation in the global markets," he tells via telephone.