Financial Disaster Imminent ?

[Becca B.]

Well here are a few web pages that predict a Global Financial Disaster.

Here's a quote from Mr. Tim Bond, Barclays capital's chief equity strategist:



Read the full story here: Barclays warns of a financial storm as Federal Reserve's credibility crumbles - Telegraph

another link : Fortis made cash call in face of expected U.S. 'meltdown' - chairman - News - MSNBC.com

Here's what the Roal Bank of Scotland had to say :



Full Story :RBS issues global stock and credit crash alert - Telegraph

Morgan Stanley had this to say :



Full Story: Morgan Stanley warns of 'catastrophic event' as ECB fights Federal Reserve - Telegraph


Another quote from the Telegraph:


Source: Federal Reserve and ECB are in no mood to save us from the consequences of our debt - Telegraph


What all this seems to suggests that the world may be set to face a financial crisis in the coming months. What would be more important from India's standpoint is how much of an impact would all this have on our economy and our markets ? I have been thinking that our markets have corrected significantly and are fairly priced.....but reading all this has made me rethink.......particularly since most of out IT/BPO firms have huge interests abroad.....I was wondering if it could lead to loss of jobs , leading to reduction in demand which could lead to smaller industrial profits across the board ??? I hope it does not happen but is it really possible ?



EDIT: MODS PLEASE MOVE THE THREAD TO CHIT CHAT.....CLICKED THE POST NEW THREAD BUTTON IN THE WRONG WINDOW :ashamed:

EDIT 2: It is funny after all, isn't it.....

EDIT 3: After a full day, Nobody seems interested in moving this thread to the right section ??? What is wrong here ?

 

[Ilva Rimicane]

this is not funny... this is pretty serious stuff man!!

 

[demelo]

All the more so, because we're doing it to ourselves....

What is the stock market after all, except an expression of collective confidence in any particular market? It works, because we all say it works... :S

If I say to you, (assuming that I was a mover & shaker in financial circles), I think India's on a really good thing with their IT initiative, everyone else jumps onboard, buys into Indian IT firms and their stock/value rises, and often so does the national currency....

If I say to you, wow, India's really buggered things up in the auto industry, ppl agree and stocks go down, along with the national currency, so domestically, money has less value, inflation rises as government prints more money out to meet demand and pretty soon thereafter things will start to fall in a heap...

What I don't know, is how to get the relevant people to wake up to themselves.............. :devil: