very interesting analysis by the good professor.
the other side of this is that the immense amounts of capital generated in india -- which has been the case since time immemorial -- were being siphoned off by the mohammedans, then by the limeys, and more recently by the nehruvian stalinists and other netas into their swiss bank accounts. this is now appearing in the conscious consumption of the glitterati, and in the speculation in real estate.
---------- Forwarded message ----------
From: Vaidyanathan R
Why sub-Prime is not a Crisis in India
http://www.thehindubusinessline.com/2008/04/25/stories/2008042550750800.htm
R.vaidyanathan
____________________________________________________________________________
R.VAIDYANATHAN
PROFESSOR OF FINANCE
INDIAN INSTITUTE OF MANAGEMENT
BANNERGHATTA ROAD
BANGALORE
No comments:
Post a Comment