Here comes the rain again
falling from the stars
drenched in my pain again
becoming who we are
Not many in the world (atleast in the financial world) would like to remember The september of 2008 for obvious reasons.Seven years after 9/11 an equivalent pain this time "Its war against error "and not terror.The exuberance of investment banking has ended and we are in the midst of more pain,speculating on even more catastrophies in the days to come.The $700bn bail out of Mr.President would definitely help stopping consistent breakdowns of Financial institutions going forward.
Lehman brothers would have gained more popularity brand awareness & recall after it filed.A 158 year old company crashing under its own weight,suspended from trading across exchanges makes customers in rural India raise eyebrows on the credibility of Indian banks.
When everybody is awed about such big nameslike AIG,Merril lych,WAMU and a host of them collapsing ,to me its Nothing lasts forever.Nothing that is man made could ever be eternal.Markets are real time and does not stand by your decisions.To me the learning is that markets does not spare anybody and definitely the bedlam of events is a failure of risk management .The $1 trillion war on terror and the back to back $700billion bail out on error could'nt have come at a better time.
Whom are you going to fight it out against this time Mr.president?isn't it even more exciting to see thses crashes being so systemic in just eight years.
Is the US really a capitalistic country ??
To me this is the new revolution in the world,there is gonna be change in leadership The citi could be put to sleep soon(hopefully with less pain ).The era of US controlling the world is gonna end very soon.The only ones in the developed worlds who have survived this are the European bigwigs like Barclays,HSBC,Stan C&Deutsch."Life is about losing relevance over a period of time "so will the US in the years to come .
Back home its gonna be a roller coaster in the days to come.Markets are definitely going to be bearish ,economic slow down is inevitable till the first half of next year. Atleast Policy makers are not gonna be figuring on whom to bail out.
CHINDIA is the name of the game going forward and for the US there are more septembers in the years to come atleast one every year by any standards.
Posts
