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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (16293)3/6/2002 4:33:36 AM
From: Maurice Winn  Read Replies (2) of 74559
 
<Say bye bye to India, a make belief country with ineffective laws, political dynasties, antiquated systems, falsely valued mutual fund, and an unjustified confidence in what they had never managed to do..>

Oh, I'm not too sure about that. Anyone who treats religion as more than an after-hours social club, or teleological discussion point, tends to have a hard time dealing with reality, so India does have a large problem with that, compared with China. Nevertheless, there are plenty in India with a balanced attitude to life and I believe it is their socialist ideology and xenophobia which are the main things holding them down. The xeonophobia shows as restrictions on capital flows.

That can change really quickly. Minds don't have momentum. They can switch 180 degrees in an instant. Especially when the next generation comes along. It usually takes some leadership, but sometimes changes just seem to bubble up everywhere simultaneously.

China went from Maoism to black and white cats almost overnight. What a spectacular change there has been.

Mqurice
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