recession number 2?

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cyrax

@cyrax

Explorer

Posted: 14 years ago

Is usa going to face another post 2000 recession?

The dow jones recently crashed as well.

what do you think?

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Pratamesh

@Pratamesh

Sparkler

Posted: 14 years ago

If US is going to face another recession it will take along with it d ntire EU whch is previously badly struck by debts
d asain markets r also falling sterday d sensex crashed
hope d world bank bails out US b4 its too late n d ntire world might c a gr8 recession again

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Summer3

@Summer3

Trailblazer

+ 2

Posted: 14 years ago

Someday the rupee and the US$ will be on par.

For now the Yen is gaining strongly.

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Pratamesh

@Pratamesh

Sparkler

Posted: 14 years ago

Originally posted by: Summer3
[BR][BR]Someday the rupee and the US$ will be on par.[BR][BR]For now the Yen is gaining strongly.[BR]

but d chinese r very much intelligent they dnt want to be at par with US dollar if that happens than hw will their products be so cheap n be sold so easily throughtout d world

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373577

Suspended

Posted: 14 years ago

It used to be that the developing world got its capital needs from the advanced nations in Europe and the US. Not anymore. India is going to help out debt burdened Europe with a $2 billion loan. Not bad for one of the poorest nations on Earth helping out an old colonial master with 10 times per capita income!😛

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Pratamesh

@Pratamesh

Sparkler

Posted: 14 years ago

Originally posted by: zorrro
[P]It used to be that the developing world got its capital needs from the advanced nations in Europe and the US. Not anymore. India is going to help out debt burdened Europe with a $2 billion loan. Not bad for one of the poorest nations on Earth helping out an old colonial master with 10 times per capita income![:P][/P]

absolutly true buddy

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cyrax

@cyrax

Explorer

Posted: 14 years ago

Originally posted by: zorrro
It used to be that the developing world got its capital needs from the advanced nations in Europe and the US. Not anymore. India is going to help out debt burdened Europe with a $2 billion loan. Not bad for one of the poorest nations on Earth helping out an old colonial master with 10 times per capita income!😛

yup, can't wait for the stock market supercycle in India, just like in america.. 1970 - 200, what a cycle! 😃

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Summer3

@Summer3

Trailblazer

+ 2

Posted: 14 years ago

Originally posted by: Pratamesh

but d chinese r very much intelligent they dnt want to be at par with US dollar if that happens than hw will their products be so cheap n be sold so easily throughtout d world

The Chinese wages are not only low but the workers are also very efficient and disciplined. Costs are rising in China too.
Like India it was quite sheltered from the full impact of the last Global Financial crisis.

Edited by Summer3 - 14 years ago

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cyrax

@cyrax

Explorer

Posted: 14 years ago

Originally posted by: Summer3

The Chinese wages are not only low but the workers are also very efficient and disciplined. Costs are rising in China too.
Like India it was quite sheltered from the full impact of the last Global Financial crisis.

is it because we're developing or is it because our economies are fairly self sustaining?