Financial Tsunami - Hurricane Lehmann
Following the reports of last few weeks regarding the financial Tsunami which is sweeping America and also the other parts of the Interdependent world, I was wondering how "coupled" we are with other parts of world. Probably this tsunami/pralayam might be good example of Chaos Theory which Kamalhassan tried to explain in Dasavatharam.
There was a good article on ET by Mr S Iyer terming them whether this is the end of the beginning / most likely beginning of the end of US economical supremacy. Even though India has not fully opened up its markets (thanks to Left Front and few other political Geniuses), I fully understand the implications of this crisis which might have an impact on India as everybody understands except India's FM (with continuous rebuttals and playing safe with Media on the crisis).
Even though i observe markets from the India's point of view, the first major symptom which shook me of was the sale of Bears and Sterns. 6 months later, we saw the fall of Lehmann bros (perhaps Laidman bros)...sale of Merill Lynch and Nationalisation of Goldman Sachs and Morgan Stanley. Still I hear Wachovia struggling...Citi writting of billions....GE persuading Mr Buffet to step in and what not.
As a Layman, I never understood the hype associated with the Gloabl MBAs and Day Zero Placements, 7 digit salary, high flyer jobs all these companies were boasting of. If the investment banks, NBFCs and other banks are not able to manage their losses and balance sheets, how were they judged to be the capable guys to handle OPM (other people's money) ?
whether the concept of Investment banks were myth ? Whether these guys were really worthy for their tags? Do they have any tighter regulations ? When a country like India which i believe as a Robust bank system with RBI playing a key role in controlling inflations, deficits, how come when US and Fed boasts of so many stalwarts never had a visibility of the bubble in the making.? When QoQ (quarter on quarter) RBI keeps raising the interest rates, why Fed never hiked it for 15 years - which amounted to this bubble ? - I keep questions one after the other...
Any export driven industry in India would have a great impact. Particularly IT companies servicing BFSI guys worldwide, textile exports to US and developed markets / slowdown is anticipated in Realty / any industry related to higher FDIs.. - Enough Pointers to move ahead...
Jobs would be less if not nil. Lay-offs bound to happen....stick on move head carefully...
Men at Work - Will the Bailout save US (united states) and us ?
God Only Knows..(Probably Bush comes out as Kalki avathar...to finish the world.)
¬Lakshman
There was a good article on ET by Mr S Iyer terming them whether this is the end of the beginning / most likely beginning of the end of US economical supremacy. Even though India has not fully opened up its markets (thanks to Left Front and few other political Geniuses), I fully understand the implications of this crisis which might have an impact on India as everybody understands except India's FM (with continuous rebuttals and playing safe with Media on the crisis).
Even though i observe markets from the India's point of view, the first major symptom which shook me of was the sale of Bears and Sterns. 6 months later, we saw the fall of Lehmann bros (perhaps Laidman bros)...sale of Merill Lynch and Nationalisation of Goldman Sachs and Morgan Stanley. Still I hear Wachovia struggling...Citi writting of billions....GE persuading Mr Buffet to step in and what not.
As a Layman, I never understood the hype associated with the Gloabl MBAs and Day Zero Placements, 7 digit salary, high flyer jobs all these companies were boasting of. If the investment banks, NBFCs and other banks are not able to manage their losses and balance sheets, how were they judged to be the capable guys to handle OPM (other people's money) ?
whether the concept of Investment banks were myth ? Whether these guys were really worthy for their tags? Do they have any tighter regulations ? When a country like India which i believe as a Robust bank system with RBI playing a key role in controlling inflations, deficits, how come when US and Fed boasts of so many stalwarts never had a visibility of the bubble in the making.? When QoQ (quarter on quarter) RBI keeps raising the interest rates, why Fed never hiked it for 15 years - which amounted to this bubble ? - I keep questions one after the other...
Any export driven industry in India would have a great impact. Particularly IT companies servicing BFSI guys worldwide, textile exports to US and developed markets / slowdown is anticipated in Realty / any industry related to higher FDIs.. - Enough Pointers to move ahead...
Jobs would be less if not nil. Lay-offs bound to happen....stick on move head carefully...
Men at Work - Will the Bailout save US (united states) and us ?
God Only Knows..(Probably Bush comes out as Kalki avathar...to finish the world.)
¬Lakshman
Comments
But now I have got a distaste both towards Jews and I-banks of the world. This is because the media reports attached with their financial acumen has been center piece of columns ranging from Ft.com, Economist to Reuters et al- towards developing superior financial models- etc. Oru Podalangaiyum Kadaiyathu!! Even our own Marwari s are thousand times better when it comes to do business without NPA- non performing assets!!! So its once again its great opportunity for all Asian/ Indians to catch old of the of American non-sense in financial markets who can handle a better or two without much noise and NPA's in their business! Its marketing over performance has costed America a lot- let sanity returns to them quicker!!