Are we nearing an abyss?

posted by Sreekant in Alert, Economy, Gold, Sreekant's scribbles on 29/07/2011

  14,300,000,000,000 If you are wondering how much this number is, don’t bother. It is 14.3 trillions. And if you are curious about what this number signifies, well it is the total debt in dollars that the US has on its head and is authorized to borrow. (If you want to know how much that [...]

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Turbulence ahead? Fasten your seat belts.

posted by Sreekant in Alert, Economy, Gold, Investments, Real Estate, Sreekant's scribbles on 16/06/2011

The global and the Indian economic situation seem to have hit a rough patch. It’s time to fasten our seat belt to ride out any possible turbulence. The global picture: The unending economic woes of America, the largest economy in the world, constrained by the debt ceiling, further compounded by falling home prices, higher unemployment [...]

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Will Gold continue to shine?

posted by Sreekant in Gold, Investments on 23/05/2011

The yellow metal, an eternal favorite investment of Indians has turned in a stellar performance of about 20% in the last decade and about 9% over the last 20 years. And Indians still seem to have a voracious appetite for gold not withstanding the criticism that gold is an unproductive asset. But can we expect [...]

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