krishna rao / simpleton

Detroit's Big Three and the Democrats' Economic Illiteracy

I agree , bail outs never help except to delay the inevitable.. But if it takes only 25 billion to retrofit for a smaller car for which the big three hve already done quite a bit ( as they say ) . Why Bail out ?? Shut down and retrofit... I think the american worker has got away with murder interms of benefits and pay and with globalization , GM has shifted to China ( for the market ?) . Does America manufacture anyting ??? except for weapons that is...

India Investors Best Off Sitting on the Sidelines for Now

The US FED exchanged Treasury Bills for Sub Prime Paper. Expansion of Credit was fueled into Oil Futures to recover the losses so far written down. Oil will be going to 150$ and there will not be a shift in engine of global growth till alternatives are found or china and india consume more than US.. ( which is a long way off ).

So , USD will drop , IT will survive , Gold will go to the moon.
India has to reduce subsidies to be economically vibrant and that can only be possible with increased crude prices. So in a way , we are getting forced into making the right decisions.( not populist ones ).

In short , we are between the devil and deep sea and I hope the po;iticians know which side of their bread is buttered...