15 replies to this topic

[NAV]

Wherever we look its a GAWD darn BULL MARKET. Anything. YOU NAME IT ITS A BULL. Talking indices here, not specific sectors/stocks.

We may be in a three. Thats why I dont want to hang around in my short.

How often does the world go through industrial revolution ?

India was nothing but shacks, swamps and jungles. they are still getting eaten by tigers there. And now look at them. Almost 1 bil country in full swing industrialization mode. They all want to live well.

oqm,

Your knowledge of India is so absymally low that it's almost pathetic. Where did you get that education about Shacks, Swamps and Jungles ? Media ?

India has had the nuclear technology since the 70s and it has been running nuclear reactors for decades and that's not a low tech thingy. There has been every conceivable industry from Pharma, Aeronauticals, Defense, Nuclear, Missile technology, Satellites, Rockets, Telecom, Computers - you name it, since the 70s.

What is new to India is not the industry, not the technology, not the knowledge, not the know how, not the money, not the luxury. They have all been there always. In fact the west was attracted to India because of it's enormous wealth. What's new is Capitalism !. It has been a socialist slum for decades and now it's coming out of it with a thunder. Now the western media has swung from one extreme to the other i.e "A nation of snake charmers" to "Emerging Economic superpower". The truth is somewhere between. It's a growing economy, but a lot of growing pains lies dead ahead and the western media nor the hedge fund managers who are throwing money into indian markets have any clue about. There's been enormous media hype and cheerleading about India. I will write up on my blog about "What is and what is not about India", when i get some time.

I'm going to guess you're from India .. don't ask me how I guessed...

That's a fact.

I lived in the Silicon Valley for a decade and moved back to India just 6 months back. Maybe i will move back to the valley again after another 6-8 years when my son goes to grad school in the U.S. I really love the SF bay area.

[...]

moronical

I think you mean nonsensical.



I agree with you. A country with a billion+ people making great strides out of the socialist swamp is not to be underestimated.

Over the next 10 or 20 years, India's progress will dwarf that of China because of the much greater degree of freedom available to both individual and business decision-makers.

[dasein]

india and china economies have benefitted from an end to "communism" that allowed western money seeking higer returns to pour into them. Where would either be without western outsourcing and technology?

of course there are still a lot of problems, and you dont have to be indian or chinese to know about them.

http://www.economist...tory_id=9905554

klh

[NAV]

india and china economies have benefitted from an end to "communism"

It's not cummunism as far as India is concerned. It's socialism.

Where would either be without western outsourcing and technology?

That's the real problem. China is a manufacturing sweatshop for the U.S. India is a services sweatshop for the U.S. Both economies are heavily dependent on the U.S for it's capitalist mode of survival. Of course they ca go back to their socialist ways and survive without the U.S. Unless they innovate and move outside of this outsourcing business, all they are doing is playing the wage arbitrage game and will remain wannabe capitalists with their umbilical cords tied to the U.S belly !

[blackcloud]

india and china economies have benefitted from an end to "communism"

It's not cummunism as far as India is concerned. It's socialism.

Where would either be without western outsourcing and technology?

That's the real problem. China is a manufacturing sweatshop for the U.S. India is a services sweatshop for the U.S. Both economies are heavily dependent on the U.S for it's capitalist mode of survival. Of course they ca go back to their socialist ways and survive without the U.S. Unless they innovate and move outside of this outsourcing business, all they are doing is playing the wage arbitrage game and will remain wannabe capitalists with their umbilical cords tied to the U.S belly !

I don't want to get off topic here, but with the USD falling to new lows almost daily, do you think they may want to cut that cord sooner rather than later?

[NAV]

india and china economies have benefitted from an end to "communism"

It's not cummunism as far as India is concerned. It's socialism.

Where would either be without western outsourcing and technology?

That's the real problem. China is a manufacturing sweatshop for the U.S. India is a services sweatshop for the U.S. Both economies are heavily dependent on the U.S for it's capitalist mode of survival. Of course they ca go back to their socialist ways and survive without the U.S. Unless they innovate and move outside of this outsourcing business, all they are doing is playing the wage arbitrage game and will remain wannabe capitalists with their umbilical cords tied to the U.S belly !

I don't want to get off topic here, but with the USD falling to new lows almost daily, do you think they may want to cut that cord sooner rather than later?

And survive on what ? Pure air ? The reality is, they cannot, not at this stage of the game.