34 replies to this topic

[andiron]

is it the same brazil where chronic hyper inflation was the norm....or the same brazil, a small elite majority is surrounded by relentless poverty... may be this brazil is doing well by serving the chinese masters for some time... but chinese growth trend that has been ~10%/yr for about 2 decades, when does it stall or heck even retrenches...the size of the chinese economy itself should be a dampener on the growth prospects, even if everything else is hunky dory... BRICs were major beneficiaries of the low cost of capital...Caveat Emptor...

Edited by andiron, 27 June 2010 - 09:25 AM.

[NAV]

is it the same brazil where chronic hyper inflation was the norm....or the same brazil, a small elite majority is surrounded by relentless poverty...
may be this brazil is doing well by serving the chinese masters for some time...
but chinese growth trend that has been ~10%/yr for about 2 decades, when does it stall or heck even retrenches...the size of the chinese economy itself should be a dampener on the growth prospects, even if everything else is hunky dory...

BRICs were major beneficiaries of the low cost of capital...Caveat Emptor...

Well said.

a small elite majority is surrounded by relentless poverty...

That's the story of all BRIC countries.

[goldswinger]

a small elite majority is surrounded by relentless poverty...

That's the story of all BRIC countries.



and now America moving to to that goal Redux at high speed.

GS.

[DrSP]

Well you chose which path leads to social unrest? A developed country like US becoming third world country or a third world country becoming developed or remaining third world? In first case change to accept is enormous while in second its a breeze:)..... And NAV all things you say about India (not being zingoistic) are all shortsighted, please refer the paper I have attached and enlighten yourself. Unless you see all and say all:)

They aren't shortsighted at all. How do you get rid of the rampant corruption done by literally every official except the poor? How does the poor become better? Even to get a small thing done like driver's license, you must bribe, no matter how expert you are in driving. Corruption is embraced as the norm, how do you change that? Are you kidding me?

Tell me how Indian people get to pay the highest petro prices.

[DrSP]

a small elite majority is surrounded by relentless poverty...

That's the story of all BRIC countries.

Russia is not all that poor as we think.

[rkd80]

Some random guy comes on here spouting the virtues of India and the inevitability of US's demise gets smacked down with facts. Nice. US may be in trouble, but like everyone here before me said, India is a 3rd world country and that fact alone is enough to make this entire conversation a moot point.

[vitaminm]

chant and pray for India!

http://www.youtube.c...feature=related

Edited by vitaminm, 27 June 2010 - 11:00 AM.

[pdx5]

India has been and remains a third world country in all respects, it's high GDP growth notwithstanding. The high growth rate will continue for sometime until this wage arbitrage with the west exists. If the western world goes into a depression, it's over for both India and China. There ain't goin to be any wage arbitrage game, if that happens. There's nothing like a domestic market in India or China. The service industry in India and the manufacturing in china will come to a grinding halt. India is one of the most corrupt countries in the world and the value system in India is in a total decadence and a justice system virtually dead. Until that changes, the ingredients to emerge as a power-to-reckon-with is missing. The massive population in both India and China is a ticking timing bomb of enormous proportions, and any slowdown from the current growth rates will create huge social unrest. India will not go down the tube easily. It has been crawling for many centuries and will continue to crawl it's way forward. But will it take the gaint leap that the experts are forecasting ? I doubt it will happen in my lifetime ! As for Indian stock market, it still in it's infancy. 80% of the options traded on NSE (except the Nifty options) don't even have bid or asks and the rest 20% have bid/ask spreads as wide as the rich-poor gap in India. Nothing beyond front month options gets traded. although the option series exists for 4 months. NSE futures dance to the DAX tunes during the day session and gaps overnight in response to U.S market performance, with little mind of it's own. Nifty trades like a high beta counterpart of S&P/DAX. The Foreign institutional investors (FIIs) is a just a grand name given to the sleaze money of the politicians routed thru the swiss banks via participatory notes. nuff' said...

Very accurate portrait of India. The only thing I would dispute is there really is a growing domestic market
in India. There is shortage of many products, which attests to demand exceeding supply.
The export of manufactured products to Western countries is not significant therefore a severe recession
here will not affect India as severely as China. The service exports from India are not as volatile.
The main reason corruption is so high in India is that for several decades the central government owned
and ran and regulated almost all major industries. That trend has been reversed to some extent. The best
remedy for corruption is competition. A government run monopoly is breeding ground for corruption.

I worked for many years for a outfit making metal forming equipment in Chicago. The Indian outfit making
similar machinery, HMT, had collaboration with my outfit and was 100% government owned and run. No one was
allowed to import that product in India unless HMT India could not manufacture it! Now that Uncle Sam owns
60% of GM stock, that is giving me the creeps!

[SemiBizz]

If US and with it the devlpd world goes into deflation..?, Where will be the bull market?

I'm not too sure about the demand, but there is an ample supply of this stuff in India, in more ways than one...

[goldswinger]

If US and with it the devlpd world goes into deflation..?, Where will be the bull market?

I'm not too sure about the demand, but there is an ample supply of this stuff in India, in more ways than one...

Is that a rare earth?

Must be worth a fortune.....