Go Back   Team-BHP > Around the Corner > Shifting gears


Reply
 
Thread Tools Search this Thread
Old 8th August 2011, 19:15   #46
BHPian
 
nanduchitnis's Avatar
 
Join Date: Oct 2010
Location: Pune
Posts: 494
Thanked: 295 Times
Default Re: Recession Again ?

Quote:
Originally Posted by brraj View Post
Global Imbalance - An imminent Dollar Crisis

By M.R.Venkatesh, Economist
By Swadeshi Jagaran Manch and Vision India Trust
Thanks for sharing. I was glued to his speech for 1 hour. But is all that he is saying is true? If it is then God Help America!

Last edited by benbsb29 : 10th August 2011 at 05:56. Reason: Video quote removed for benefit of mobile users.
nanduchitnis is offline   Reply With Quote
Old 9th August 2011, 02:10   #47
Senior - BHPian
 
gaurav_chopra04's Avatar
 
Join Date: Oct 2008
Location: New Delhi
Posts: 1,256
Thanked: 534 Times
Default

Dow is down over 600 points to 10809. Certainly a lot to do with S&Ps new rating of US. Even the president had to address the debt issues. Looks much bigger than expected.

Gold further up..

Keen to see market reactions in india tomorrow morning. nifty can go under 5k.
gaurav_chopra04 is offline   Reply With Quote
Old 9th August 2011, 06:52   #48
Senior - BHPian
 
Sn1p3r's Avatar
 
Join Date: Jul 2009
Location: Germany
Posts: 1,017
Thanked: 224 Times
Default

Quote:
Originally Posted by brraj
Global Imbalance - An imminent Dollar Crisis

By M.R.Venkatesh, Economist
By Swadeshi Jagaran Manch and Vision India Trust
Thanks Brraj, My thoughts exactly, though there were exaggerations and it sounds easy to propose a solution, it will be far more painful and needs a very powerful leader and resolute commitment from Indians to strive for self reliant perfection which we are more than capable. Slavery broke this willingness and confidence, it's just matter of time that we will emerge from the shadow of west.

Last edited by benbsb29 : 10th August 2011 at 05:57. Reason: Video quote removed for benefit of mobile users.
Sn1p3r is offline   Reply With Quote
Old 9th August 2011, 09:37   #49
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 7,136
Thanked: 3,733 Times
Default Re: Recession Again ?

A few bits. Yesterday TV was interesting. Some yanks had smoke coming out of their ears,"Basically How Dare They?", while some others said it was but inevitable and maybe long overdue. After the panic I do not expect India to fare that badly. Low commodity prices (Brent Crude is already under $100) should help us. Of course exports will suffer.

Will someone please educate my as to which countries are still Triple A. I am sure about Switzerland, and maybe Germany. As for the rest??

An aside, the chief of S&P is originally from Jharkhand, a graduate of Mesra!
sgiitk is offline   Reply With Quote
Old 9th August 2011, 09:57   #50
BHPian
 
Join Date: Sep 2010
Location: Home
Posts: 179
Thanked: 104 Times
Default Re: Recession Again ?

Quote:
Originally Posted by sgiitk View Post
Will someone please educate my as to which countries are still Triple A. I am sure about Switzerland, and maybe Germany. As for the rest??

An aside, the chief of S&P is originally from Jharkhand, a graduate of Mesra!
I came across this list yesterday

17 countries with the strongest economy - Rediff.com Business


Although I'm not sure what the US is doing on that list now

Last edited by Recompose : 9th August 2011 at 09:58.
Recompose is offline   Reply With Quote
Old 9th August 2011, 10:04   #51
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 7,136
Thanked: 3,733 Times
Default Re: Recession Again ?

The authoritative list is at S&P | Ratings Sovereigns Ratings List | Americas. The US is AA+, AA+ and AAA. We are BB-, BB- and BB+

Last edited by sgiitk : 9th August 2011 at 10:05.
sgiitk is offline   Reply With Quote
Old 9th August 2011, 16:07   #52
BHPian
 
Join Date: Aug 2007
Location: Bangalore
Posts: 82
Thanked: 9 Times
Default Re: Recession Again ?

Quote:
Originally Posted by sgiitk View Post
The authoritative list is at S&P | Ratings Sovereigns Ratings List | Americas. The US is AA+, AA+ and AAA. We are BB-, BB- and BB+
I think you missed and extra "B", we are BBB-, BBB- and BBB+.

Some countries with AAA Ratings - Switzerland, Singapore, Germany, Sweden, UK.
bond_bhai is offline   Reply With Quote
Old 10th August 2011, 00:48   #53
BHPian
 
prateekm's Avatar
 
Join Date: Nov 2009
Location: Mumbai & BLR
Posts: 756
Thanked: 311 Times
Default Re: Recession Again ?

Found this video on Facebook, and for a newbie like me, it is very very informative.

US Debt Crisis
prateekm is offline   Reply With Quote
Old 11th August 2011, 15:12   #54
BHPian
 
spawnofsatan's Avatar
 
Join Date: Oct 2004
Location: Los angeles/Mumbai
Posts: 707
Thanked: 83 Times
Default Re: Recession Again ?

Any ideas on what this recession will do to the basic steelmaking industry such as billets and ingots.

I can understand niche steel items may be hit, but basic items such as billets and ingots are as essential as water. Any views on what will happen with them?
spawnofsatan is offline   Reply With Quote
Old 11th August 2011, 15:42   #55
BHPian
 
Join Date: Oct 2010
Location: N Delhi
Posts: 398
Thanked: 177 Times
Default Re: Recession Again ?

Quote:
Originally Posted by spawnofsatan View Post
Any ideas on what this recession will do to the and ingots are as essential as water. Any views on what will happen with them?
This recession would imply that we are in the midst of recession. As of this moment there are varying trends in the different economic groupings.

As far as impact on steel goes, any of the materials sectors be they metals - ferrous or non-ferrous, chemicals, petrochemicals, cement, building materials etc always bear the full impact of the recession where ever it occurs. You will always witness compressed margins and reduced volumes - essentially a double whammy.
RS_DEL is offline   Reply With Quote
Old 11th August 2011, 15:43   #56
Senior - BHPian
 
vasoo's Avatar
 
Join Date: Jul 2007
Location: Memphis TN
Posts: 1,031
Thanked: 207 Times
Default Re: Recession Again ?

This is the list of some of the top ranking countries as per S&P


Last edited by vasoo : 11th August 2011 at 15:45.
vasoo is offline   Reply With Quote
Old 12th August 2011, 09:50   #57
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 7,136
Thanked: 3,733 Times
Default Re: Recession Again ?

@vasoo; I wonder how long does France survive in the elite. Expect a negative outlook in the least. Expect UK to stay there since the US downgrade has given the Tory-Lib Govt. greater resolve to stay with the harsh monetary measures.

I got my Time Magazine yesterday. Farid Zakaria's article on the state of the US is quite enlightening. It was written before the &P bombshell, but the tone is that downgrade is inevitable. Blames it on the Bush II tax cuts and now the Boston Tea Party group.
sgiitk is offline   Reply With Quote
Old 12th August 2011, 10:28   #58
Senior - BHPian
 
amitoj's Avatar
 
Join Date: Nov 2004
Location: Nashua, NH
Posts: 2,954
Thanked: 1,590 Times
Default Re: Recession Again ?

Thanks for the ratings, Vasoo.
Note Japan at AA- with negative outlook. According to an article in Economist, Japan's economy is also suffering due to lack of political will to take the necessary strict steps to set its economy right. And the US also seems to be heading that way only.
amitoj is offline   Reply With Quote
Old 12th August 2011, 11:10   #59
Senior - BHPian
 
shankar.balan's Avatar
 
Join Date: Apr 2008
Location: BLR
Posts: 8,027
Thanked: 5,322 Times
Default Re: Recession Again ?

food inflation through the roof. interest rates leaping skywards. any chance at all for the regular working joe in this country of countries? in the meanwhile the politicos of the state and country buy bigger and bigger homes, cars and salt away more and more crores in untraceable accounts.

where will it end?
shankar.balan is offline   Reply With Quote
Old 12th August 2011, 12:53   #60
BHPian
 
nanduchitnis's Avatar
 
Join Date: Oct 2010
Location: Pune
Posts: 494
Thanked: 295 Times
Default Re: Recession Again ?

Quote:
Originally Posted by shankar.balan View Post
food inflation through the roof. interest rates leaping skywards. any chance at all for the regular working joe in this country of countries? in the meanwhile the politicos of the state and country buy bigger and bigger homes, cars and salt away more and more crores in untraceable accounts.

where will it end?
Cant end. Politics cost big money, people are in the game of politics to make money. This will never end. That is how Democracy works everywhere.
nanduchitnis is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Effect of Recession on our Jobs lambuhere1 Shifting gears 512 12th December 2011 20:31
Recession in Dubai leading to migrants abandoning cars @ airport & fleeing country!!! supremeBaleno Shifting gears 31 27th April 2009 13:43
Will Recession hit so hard? Surprise Shifting gears 18 16th March 2009 13:52
Hesitation, Confusion, Recession and then the Decision – ‘Budget’ ICE for a Swift Vxi d_himan In-Car Entertainment 16 19th February 2009 22:06
ANHC- Full Interiors, Rims & HIDs? Or should i let the recession get the best of me? Speeding@160mph Modifications & Accessories 16 22nd December 2008 10:48


All times are GMT +5.5. The time now is 08:40.

Copyright ©2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks