Friday, September 19, 2008

Wall Street blues

This is possibly the worst crises on wall street, how deep it will go no one knows. Two issues here that puzzled me.

"We are quite insulated", "India economy has enough intrinsic strength to be concerned" and statements like this. "Loose coupling" is another statement. They come especially from analysts on TV shows. What all of them have trouble in explaining is how ?. FIIs are the biggest investment block in India and elsewhere, when they have bankruptcy problems, do you expect them to keep investing in emerging markets. We walk together , if someone will fall we will have to bear the impact aswell. It should be that way isnt it, fair game aswell.

The other issue is with the free market sentiment. The crux of the current problem is too many people have been given too much liberty. I have nothing against this, but the problem is they expect the federal government will save them if they go bust. And its not just the big companies, as this article puts, and puts rightly."homeowner who rants about getting Washington off his back but wants federally guaranteed flood insurance no matter how close to the Gulf Coast he builds his house."

Hypocracy is something that is not tolerable, I dont know how society is still finding ways to justify and with all these bailing out process even promoting it.

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