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Wall street Fighters

 
Created by : Kausik Panda, Sr. Associate, ICICI Securities  | 09 20 2008 08:16:19 +0000
Industry : Investment BankingFunctional Area : Movers & Shakers(Markets)
Activity:  254 views;  last activity : 07 06 2010 20:18:09 +0000

The financial wizards think it can and there are plenty who try to counter that point. So I request you all to answer this million dollar question

 
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There are stronger aspects of the economy that will eventually turn us around. Once we get out three to five years, things will start to look much better. I think we have a major correction taking place, but that doesn’t mean the sky is falling. Real estate prices had gotten high, lending had gotten loose, and this is a correction. There are still opportunities all over the place. My suspicion is that we are a strong country and financially we are going to be fine. We always learn from our mistakes. In the short term, yes, people are going to be having a hard time accessing goods that they easily accessed before. But once we catch the upward trend in the next few years then everything is going to go back to normal, hopefully


By Kausik Panda, Sr. Associate, ICICI Securities  | 09 20 2008 09:26:58 +0000
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For many U.S. households this may result in a new reality, with declining economic prospects for the next generation. There are complex causes behind the recent stock market losses and the downfall of a number of major financial institutions. In general, banks lent money to too many people who were not qualified to pay it back, and when they defaulted on their loans, the reverberations spread far and wide. We've had some pretty serious structural weaknesses in the economy for some time. This financial crisis could be a precipitating event that ushers in a long recession. It is expected that the market will recover but now it is unlikely to do the same eyeing the enormity of the situation.


By Varun Sood, Associate, JP MorganChase  | 09 20 2008 13:46:06 +0000
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