This is the year where hope fails you
The test subjects run the experiments
and yes of course... last but not the least the 49.8 odd freakin Rs i paid for every darned greenback back in '02 now at sub-40 levels... not necessarily helping the loan repayments ;-)... and gone are the bloody globalization. .. well maybe or maybe not... again it is in the "eye of the beholder" as one of my favs wud scream at ya... :-D
as far uncle ben goes... although m so glad dat he did wat he did (maybe my trip to the canadas did pay off ;-)... i just hope that it does not bring the insane liquidity back into the market... or else this time around the downturn will b so bad dat even a point rate cut will prob not b able 2 help... from wat m hearing the worst of sub-prime is not over yet... ppl seem to think that over the next few months as many as a million houses will be forfeited for non-payment. .. not good given that this is a country of three hundred million only... and i already m hearin the pricing on houses being struck down 25-30% for "clearance" purposes...
nother thing... fallin dollar against rupee can only mean bad things for poor guys busting theirs butts back home... m guessing their 12 hr workdays r now gonna b strechted to 14 hrs, so dat the corporates can make the same profit despite the appreciating rupee and keep the dalal street and in infy/wipro/tcs case wall street also happy... i just hope (probably hoping against hope) that it doesnt head in dat direction...
dat shud do it for now… will b back 2 ramble more… don’t know when… but will b back…