adventure62

India: Heading for the Junkpile?

You are somewhat overstating the problem in India. yes, there is drought but country has stockpile of several commodities. Fiscal deficient of 6.8% i snot a big issue in the near term. Since the govt. program will create jobs and infrastructure. Money is used for right purpose and it will generate exports and efficiency. US deficient is due to military spending and bailing out the banks. These are two different situations. Just like any company, they have to borrow to scale the operation. Pay off will happen in 2-3 years. Indian govt. has not put the money with guys who do back door dealings and make hefty bonuses.

Better Days Ahead for Indian ETFs?

I am not sure if I agree with your comments on India. Crooks are every where. Who do you think is responsible for US Banks, AIG, ML, Lehman, Smith Barney?. Corporate America at top level is totally corrupt and self centered. Executives make money on heavy bonuses while laying off people. There is plenty of Insider trading in Corporate America. Satyam is one of the bad eye for Indian corporates. Private owners eat what they want from the company but corporate America robs the public in front of every one and no one does any thing. Is there corporate governance in America ?