Hello Readers,
Please welcome one of our guest authors for the day Ms. Himani Paul, from BIMTECH doing her post graduation in Retail Management.
The article covers most of the knowhow of the US financial crisis. Covering right from what is sub prime crisis that led to this meltdown of investment banks. The perfect way to understand the high flying jargons that more often than not, confuses all. The article has also covered the impact it is likely to have on the Indian financial backbone. The investment banks worst affected by it and an insight into the $700 Billion package to pump life into the US Economy. The article is a great learning to all of us. Please find it here “us-financial-crisis”
The author can be personally contacted at himani.paul@gmail.com
On behalf of the Retail Dude team, i thank her to have given us a contribution, which i beleive has just started.
Cheers!
- Sudip
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October 9th, 2008 at 12:22 pm
I have just glanced over the doc will read it over the week end, but I can never get over a fact in a capitalism poster boy economy, if a company fu**s up why is govt involved that to with $700b, I would hate to see something similar in India with Reliance…
Also guys a suggestion, can you please upload a PDF version also, will be useful.
October 9th, 2008 at 2:20 pm
Chirax, the PDF version would soon be available in the downloads section.
Well, the companies which are getting fu***d up in US of A, hold a lot of money, and these particularly are the investment firms or banks, which means the money belongs to the society, so in the end, a average person who has trusted them with there money is getting the kick. SO the government needs to bail out such companies, because if any one more fails, the economy will go down a spiral, where people will panic and start withdrawing money, leading to a serial crash across the globe! we have to accept the fact, US is a sinking giant right now, and when a ship sinks, it takes along all the small ships nearby..thats why we are taking corrective steps back home as well…
October 10th, 2008 at 12:33 pm
Thanks Sarthak. This helps.