It is interesting that among all the countries in the world, we are the only country where the government is repeatedly saying that nothing is wrong and everything is all right. At the seminar, the comments in the lobby were that if all is well, why are our markets down by more than 60% while the others are down only by about 35%? Why are our external commercial borrowing rates so much worse than those of our Asian neighbours, and why is credit for exports not available?
This line by Mint exactly summarize what i think about all the statements made by the lap
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Ankur Aggarwal
sree
Sandip Chaudhuri
vbr
Skabeesh
shobhendrasrivastava
True, the optimism displayed by the fm scares me
worse he talks like gangully our ex cricket captain
the rupee tumble is just not stopping …
Comment by Prax — October 20, 2008 @ 12:42 am
afterall somebody has to pay for the Seigniorage …. current account deficit of 10% is not sustainable..
Comment by Ankur Aggarwal — October 20, 2008 @ 2:19 am
Comment by Prax — October 20, 2008 @ 9:43 pm