'Worst is over; India to be on recovery path in 2-3 quarters'
"Dubai's Ruler Says the Worst Is Over"
but down in the third para he says "stimulus packages had helped the economy "shift . . . from the crisis mode to the solution"
Dubai has seen its property market collapse and other main parts of the services-led economy slow down.Spiralling debt and a lack of short-term funding forced the government to take out a $10bn (£6.8bn) loan from the central bank in February to prevent default and help pay government invoices.
"
arrrrrgh too confusing sir......
"US hopes the worst is over"
The thrid para says ...............
"We are in a period of extreme uncertainty but to be optimistic I would say that at least there are some indicators which are not as bad as they were in the past,” Pier Carlo Padoan, the OECD vice director, said in Berlin on Saturday. "
Cnbc thinks susan boyle can save economy
whossssssssh what has world come to
Showing posts with label CNBC. Show all posts
Showing posts with label CNBC. Show all posts
Tuesday, April 21, 2009
Convolution of information
Thursday, March 5, 2009
Citbank to its lowest point
As I write, Huffingtonpost is already displaying list of things which are cheaper then a Citibank share, this news is very very depressing to all of us as the pioneers of capitalism have come to such a cataclysmic grinding halt. Who would have imagined pillars of capitalism Bear Stearn's Lehman Bros. Merill Lynch would be victim of sheer greed. I am pretty sure that Vikram Pandit and his gang is up late nights trying to save citi from its complete annihilation,
Having said that all is not well in the heartland of economy, people are depressed due to lack of jobs, executives forced to janitorial jobs and food banks flooded with people driving in their SUV's shows clearly how bad times are. There is a increasing number of parents who are bringing their kids back to live in their basement, savings have increased to average rate of 5% highest since 1995 bankruptcy filing up 31%. However there is a silver lining....with news coming in today that huge reduction in the applicants for jobless benefits by up to 30,000 less, Walmart having surge in sale of 5.1 % regulators reducing tough regulations to help money flow in the inter banking loan...these indicators make may people on CNBC predict that there might be 100% jump in the share value of some financial institutions well as much as skeptical I am, sincerely wish it becomes true.
With such pessimistic numbers coming out in just one day .... I leave you with a dose of comedy by Jon Stewart who sums up his frustration on Rick Santelli and CNBC in one word F**K you..here is the video.
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