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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bond_bubble who wrote (65731)	7/10/2006 2:49:37 PM
From: shades	Read Replies (1) \| Respond to of 110194

The Myth of the New India Ofcourse, such "Statist intervention" makes the people of Bombay rich at the cost of the others slashdot.org Posted by Zonk on Saturday July 08, @01:22AM from the would-be-nice-though dept. theodp writes "An NYT op-ed on The Myth of the New India reports that only 1.3M Indians are participating in the so-called new economy of BPO, leaving 400M have-nots without a piece of the pie. Despite recent gains, nearly 380M Indians still live on less $1 a day, setting the stage for rural and urban conflict." From the article: "No labor-intensive manufacturing boom of the kind that powered the economic growth of almost every developed and developing country in the world has yet occurred in India. Unlike China, India still imports more than it exports. This means that as 70 million more people enter the work force in the next five years, most of them without the skills required for the new economy, unemployment and inequality could provoke even more social instability than they have already."

To: bond_bubble who wrote (65731)	7/10/2006 3:46:25 PM
From: rayok	Read Replies (1) \| Respond to of 110194

" That is why you dont depend on credit bubble, instead depend on "real wealth" generation which is more stable." If I build, and sell a house to a credit bubbler, and then put the credit bubbler's borrowed cash in my pocket, am I dependant upon a credit bubble, or, do I have "real wealth"?

To: bond_bubble who wrote (65731)	7/10/2006 8:43:47 PM
From: arun gera	Respond to of 110194

Bond Bubble The Indian economy is much bigger than its IT and BPO industries. Those industries are just allowing Indian rupee to depreciate a little slowly, instead of going through a free fall. The consequences of the collapse of the credit bubble are not going to be good for anyone. -Arun

To: bond_bubble who wrote (65731)	7/10/2006 8:50:52 PM
From: elmatador	Read Replies (1) \| Respond to of 110194

Nope. Capital from the British empire financed US, Canada, Australia... The same way capital spreading more evenly from the US and Japan, both returning to their natural size is financing the rest of the world. “The geographical size, population, and natural resources of the British Isles would suggest that it ought to possess 3 or 4% of the world’s wealth and power, all other things being equal; but it is precisely because all other things are never equal that a peculiar set of circumstances permitted the British Isles to expand to possess, say 25% of the world’s wealth and power in its prime; and since those favorable circumstances have disappeared, all that it has being doing is returning down to its more ‘natural’ size. In the same way, it may be argued that the geographical extent, population, and natural resources of the U.S. suggest that it ought to possess perhaps 16 or 19% of the world’s wealth and power, but because of historical and technical circumstances favourable to it, that share rose to 40% or more by 1945; and what we are witnessing at the moment is the early decades of the ebbing away from that extraordinarily high figure to a more ‘natural’ share.” Kennedy Paul, (1988), The Rise and Fall of the Great Powers, Fontana Press, London.