Tuesday, August 27, 2013
Damn Useless India
Take a look at what financial markets are suggesting. The chart by Bloomberg shows the rupee is cheaper than during the last global financial crisis. You don't see this in any emerging markets. People are heading for the fire exits. The Congress government is totally feckless. They do not need reminders that all its oil is imported.
Update: August 31, 10:00am
article from the NYT summarizing the problems plaguing India. I have one word for them: self-sabotage.
Nobody can help you when you are your own worst enemy. The solutions is internal. Good times came when the external environment is supportive but those times never last.
Update: Sep 1, 3:35pm
Kinda of says it all the funk India is in.
Posted by PengYou at 8:01 PM