Friday, January 09, 2009

The first post of 2009

Had very wholesome and satisfying trip home to India. Back in the US now, in a BA flight from London - which was mostly empty. Another sign of the recession.

2009 looks like it won't me much fun for the investor. India shell shocked by the disgusting Satyam fiasco. US bleeding jobs all the time. And with cheap fuel, looks like all those "green" initiatives have died. Like the dinosaur.

The US is planning to spend its way out of a crisis it spent its way into. Cannot but be pessimistic about the whole idea. Common sense tells me that this crisis will shock the US to economy contract (per-capita) and curb its over-indulgence and focus on efficiency, for a change. (This will happen when the Chinese investors who are financing the US deficit realize that the US is no more a good investment).

2009 does not look like a good time for doves. Israel inflicting shameless and ruthless attacks on Gaza with an eye on its own local elections. Just why this is not termed terrorism is beyond me. And India and Pakistan seem to be exchanging heated invective every moment. But I don't see that turn into full scale war - because India's interests are in line with those of the government of Pakistan's - and most of the Pakistani people's (much as they would had to admit). Getting rid of the terrorists.

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