Saturday, December 06, 2008

meanwhile back at the ranch - employment tanks

Jobless Rate Soars to 6.7% in November - NYTimes.com

roubini thinks the jobless rate will go up as high as 10% - it looks like a couple of bad years ahead. my investments in indian mutual funds got wiped out. everyone I talk to back home is now a fan of bank deposits - still there is a liquidity crunch in india.

wonder why ? the money is all gone to sonia-directed government holes!

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