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Forget recovery. Has a 'third depression' just begun ?

Created by : H T Dasorwala, Credit/Control Manager, H T Dasorwala  | 06 29 2010 10:52:25 +0000
Keywords : forget recovery. has a 'third depression' just begun ?
Activity:  620 views;  last activity : 07 13 2010 21:05:16 +0000
 
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A bigger financial turbulence is in waiting Vs Recovery is in place
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I just came across an article of a noted economist Paul Krugman saying, "We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression." This statement was a thought provoking for me to take sides whether recovery is in place in line with the statements of our FM & PM or is it really a start of bigger financial turbulence.
By H T Dasorwala, Credit/Control Manager, H T Dasorwala  | 06 29 2010 10:52:25 +0000
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Sir even if we dont trust our Hon'ble Prime Minister's speech or numbers presented by government of inia. We can see inflation and interest rates moving upwards. Corporates are raising money and plans for expansion still in place. RBI's stringent Regulations have saved banking system and now we are sure that our banks are not exposed to high risk assets.

corporates generating profits and growth rate is 20%+...

Lets continue doing work and deliver results rather then worry about great depression...
By shrikant shridhar kokate, Executive- Retail Sales, ICICI Pru AMC  | 07 13 2010 21:05:16 +0000
Argue for "A bigger financial turbulence is in waiting"
Argue for "Recovery is in place"
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