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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (5178)	4/28/2004 3:14:38 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 116555

Robert, I have no problem with the rate. I do have a problem with the straight line projection with no corrections. I've yet to meet an economy that never corrects. <G>

To: Robert Douglas who wrote (5178)	4/28/2004 3:29:24 PM
From: microhoogle!	Read Replies (1) \| Respond to of 116555

That will imply that India's GDP will be 3 times that of present day United States. Not gonna happen especially with law of diminishing returns that will kick in within a decade. Heck it might be within months the diminishing returns could kick in if the current party loses the ongoing election. Already it looks like Chief Minister of Andhra Pradesh might be out of power soon.(He Credited with making Hyderabad a technology HUB and has transformed the state drastically. Microsoft and Oracle have a huge presence in Hyderabad). If Congress-I comes into power, the reforms will continue albeit at a slower pace. But this is a party where corruption was taken to a whole new level a couple of decades ago. Corruption into high tech and outsource jobs (to India) will spell doom. JMPO (just my pessimistic opinion) and as you can see, I am not a big fan of Congress party :-)