Are you really making money?

deepsa52 · #21 13th March 2008, 07:01 AM

Request everybody to watch the CNBC video in the first link by Jim Rogers. Eye opening stuff. This is the most dangerous game ever by a govt and we would be lucky to get through this without a huge mess ( India included ). $200 billion dollars of "fake money" did not do much - DOW was down and Aussies are down.
Rs 40 per dollar? I would be happy with Rs 20 per dollar even if it causes short term suffering - thats just my humble opinion.
All the best !!

uasish · #22 13th March 2008, 09:17 AM

Thks for the Link.
1)As i understand from your Link that the propensity of US Fed's corrective measures is actually allevating it than containing it.
2)World over there is a Rising Inflation.

In context to that the relative position of India's economy is what is being argued here.
My personal opinion,RBI's action till date is appreciable.

raosrinivas · #23 13th March 2008, 09:27 AM

Quote:

Originally Posted by uasish

Thks for the Link.
1)As i understand from your Link that the propensity of US Fed's corrective measures is actually allevating it than containing it.
2)World over there is a Rising Inflation.

In context to that the relative position of India's economy is what is being argued here.
My personal opinion,RBI's action till date is appreciable.

uasish,
Very True, even though our politicians make a lot of mistakes, historically RBI has made good decisions, they are smart and know what they are doing unlike our politicians.

deepsa52 · #24 13th March 2008, 06:28 PM

No offense , but I find it hard to believe that Indians want Rs to be kept at 40 when the dollar is collapsing .

If the current dollar slide continues, it will cause problems of a larger scale in a few months, including panic for grains and basic food items if Rupee does not appreciate fast. (guess RBIs way of population control

)
I would care less about NSE going up 500 points if the Rupee buys less than the money earned in markets.

Hope these articles gets sense into some people..

google for "profit of doom ***** finance" - author of rich dad poor dad.

http://www.intelligencer.ca/ArticleD....aspx?e=918803

As I said earlier, I am just a trend follower, does not matter to me too much either ways.

deepsa52 · #25 14th March 2008, 12:21 PM

So when are we having EUR in Indian shops? Dollar is going down like a penny stock.

http://money.cnn.com/2008/02/26/news/economy/dollar.ap/

raosrinivas · #26 14th March 2008, 04:54 PM

Quote:

Originally Posted by deepsa52

So when are we having EUR in Indian shops? Dollar is going down like a penny stock.

http://money.cnn.com/2008/02/26/news/economy/dollar.ap/

I want to ask you what USDxINR price makes you comfortable ?

US economy problems are short term problems, yes there may be a recession, may be 2 years recession, yes there is sub prime problem, 5-10% home owners may foreclose, yes there may be unemployment problem, going to be bad while in recession, yes banks may go under, and some others bought by others, but people think entitlement(unemployment or other) as privilege in US, no sub prime borrower is yet bailed out or given a free ride, they are made responsible for their own actions

Here, Entitlement is a right, people want free homes,free education, free health care, free electricity, subsidised food, subsidised energy, free everything,

In the long term ATTITUDE is everything.

thanks
Srinivas

dhakkan · #27 14th March 2008, 08:08 PM

Hi,

I am in software industry .. so I need $ to be higher ..

I am in india ..consuming everything which is affected by oil prices (including raw material cost for export, say s/w engg salary also).... with oil at 110$.. I want rupee to be much lower ....

So am totaly confused... maintaining $ vs INR ratio at 40 is good for indian economy or bad...Only time will tell ..... But I have my faith in RBI.

thanks

raosrinivas · #28 14th March 2008, 09:03 PM

Quote:

Originally Posted by dhakkan

Hi,

I am in software industry .. so I need $ to be higher ..

I am in india ..consuming everything which is affected by oil prices (including raw material cost for export, say s/w engg salary also).... with oil at 110$.. I want rupee to be much lower ....

So am totaly confused... maintaining $ vs INR ratio at 40 is good for indian economy or bad...Only time will tell ..... But I have my faith in RBI.

thanks

the best option would be letting currency markets to be free all over the world, adjusting themselves as per demand/supply. but i am skeptical , if i am going to see that in my life.

i am also skeptical if i will see all entitlements in india discontinuing in my lifetime. i just wish that we get a completely free market in india.

but i think rupee should be allowed to appreciate to USD=Rs. 30. while it may be painful in the short term, if we work hard and compete fiercely we will overcome all problems.

if indian companies , produce good innovative products like US companies, and if we can sell such products overseas( products like the ones from adobe,apple,microsoft then there is chance for USD =30Rs.

Srinivas

deepsa52 · #29 15th March 2008, 12:58 AM

Why do you think its short term problem ? Stimulate exports to whom? Really strongly disagree on its a small recession in US. My call for past five months had been , its the beginning of a depression in US lasting several years- mentioned it in my earlier posts as well. This is one call where I will stick by and will accept if I am wrong ( but don't invest based on anybodys calls!! - investors have to be like prostitutes, go where the money is

).

NEWS today....
Fed Chairman Ben Bernanke is throwing all he’s got at the economy, but it may not be enough to combat both a recession and credit crunch.

Federal Reserve invoked a rarely used Depression-era procedure Friday to bolster troubled Bear Stearns Cos. and said it will provide even more help to combat a serious credit crisis
........
It shows,In US, entitlements are only for the richest, ie wall street folks.

Yes, 25-30 sounds good now; thats just me. Then go along somewhere in the middle level of EUR and Yuan.Lets tell that to RBI, they will go crazy.

Venkat123 · #30 15th March 2008, 03:24 AM

The only central bank you need to have faith in is physical gold.

From the dude who declares recessions in the US -

The United States is in a recession that could be "substantially more severe" than recent ones

http://biz.**********/rb/080314/usa_...feldstein.html

We will talk about EUR 'stability' in 3 months.