From an Indian, in whose country, there are millions who sleep in hunger and dwell on footpaths, with no sight of money whensoever !! How does it matter to us, who never saw any overwhelming progression, who never experienced international funds poured at every citizen's feet for no takers even at zero interests ?!?!?
Neways, philosophy aside, news to be watched and jabbed about is just below (may help, or may be stupid as always, but am just trying to catch up with every bit of professional reading required) -
Updates from REUTERS on Banks' closure in 2009 in the USA show numbers close to a 100 banks. Most of them were small ones, started with RICH MEN's private funds, or society banks sector (akin to cooperative banks in India) and analysts predict that this time, its a W-SHAPED ECONOMIC RECOVERY FOR USA. While Sub-prime and real estate have taken their pills in the first bend of the W, it seems to be the turn of Commercial Real Estates to Wreck the US economy, next. Why not ? In a layman's terms, "workers first, the employer is next" !
But what could be The impact of COMMERCIAL REAL ESTATE FALLOUT on / in INDIA ?
Asking myself...
- Probably good -because we become the obvious choice of alternate options and RELATIVELY cheaper infrastructure (are we ready yet ??),
- Probably bad - That involved parties to be building infrastructure for India, have had a good brunch off this followed by a blissful nap, losing on project time lines and the time value of money ???
While US is in distress and INDIA resides in a conservative / calculated risk mode, (for, we cannot afford to lag or recede any more ! ) CHINA is having an IPO PARTY reported by a CHINESE DAILY
Enjoy !!
