It is said that in economics, there are no free lunches. And where better to apply that aphorism than the recent spending spree of the US government. Warren Buffett too has made numerous grim warnings that efforts such as the Treasury’s US$ 700 bn Troubled Asset Relief Program and the US$ 787 bn fiscal stimulus [...]
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Opinions expressed here are entirely my own and do not reflect the position of my employer or any other entity. The views and opinions expressed by visitors to this blog are theirs and do not necessarily reflect mine.
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January 22, 2008. The Indian Stock Market meltdown continues. It started yesterday when the NSE lost about 600 points. Today, Jan 22, 2008, they opened at 5068 and quickly crashed another 630 points to approx 4578. |
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