It is crazy, isn't it? The Middle Class is shrinking in the USA and may be entering a recession, but, Wall Street is reaching all time highs. Crazy, right?
Wall Street is receiving record highs because of new consumers, but, they aren't in the USA.
By Biswajit Baruah, ET Bureau
2 Dec, 2013, 06.36AM IST
MUMBAI: Indian markets (click here) are likely to edge higher this week on better-than-expected second quarter GDP numbers, according to analysts.
Flows from institutional investors could also set the tone, with some experts saying the aggressive buying by foreign investors on Friday is likely to keep stock-specific momentum up. "The second-quarter GDP numbers will dictate market sentiment this week. If Nifty trades above 6,210 levels, then the index will invite fresh long buying positions, and thi ..
The uptick of Indian's GDP is what is suppose to happen, however, it isn't suppose to happen at the cost of the USA's economy. What is crazy is the fact the USA markets are abandoned to foreign investment. Why does any investment hack away at established economies in order to invest in other national economies? That is crazy. Wall Street is playing BUBBLE GAMES with the global economy. There will eventually be a burst bubble in India and then where will we be?
Investment to improve the standard of living of other nations is correct and benevolent, but, to do it at the cost of existing and stable economies is counter productive to a larger global economy.
An example of this is the China Bubble. That already happened. China can recover when their citizens begin to receiver higher incomes. China will have to legislate a minimum wage in order to recover their GDP.
Wall Street is receiving record highs because of new consumers, but, they aren't in the USA.
By Biswajit Baruah, ET Bureau
2 Dec, 2013, 06.36AM IST
MUMBAI: Indian markets (click here) are likely to edge higher this week on better-than-expected second quarter GDP numbers, according to analysts.
Flows from institutional investors could also set the tone, with some experts saying the aggressive buying by foreign investors on Friday is likely to keep stock-specific momentum up. "The second-quarter GDP numbers will dictate market sentiment this week. If Nifty trades above 6,210 levels, then the index will invite fresh long buying positions, and thi ..
The uptick of Indian's GDP is what is suppose to happen, however, it isn't suppose to happen at the cost of the USA's economy. What is crazy is the fact the USA markets are abandoned to foreign investment. Why does any investment hack away at established economies in order to invest in other national economies? That is crazy. Wall Street is playing BUBBLE GAMES with the global economy. There will eventually be a burst bubble in India and then where will we be?
Investment to improve the standard of living of other nations is correct and benevolent, but, to do it at the cost of existing and stable economies is counter productive to a larger global economy.
An example of this is the China Bubble. That already happened. China can recover when their citizens begin to receiver higher incomes. China will have to legislate a minimum wage in order to recover their GDP.
