dec 15th, 2006
they are giving india a passing grade.
http://knowledge.wharton.upenn.edu/article.cfm?articleid=1621&CFID=3144872&CFTOKEN=85892481
but i am getting a little nervous: the dollar is nosediving against the
euro and other strong currencies (although not against the rupee). i
suspect it is time to move some dollars into rupees, which is what i am
doing. mutual funds in india have had a great run in the last few years,
so i am getting into some funds. i am not sure what return to expect
after inflation (which is around 7% in india these days). the risk
premium in india has been high, but i am also a little concerned that
the steam is going to go out of technoloyg industry. happily, there is
infrastructure and retail to take up the slack. i think the india story
in 5 years should be good, but there will be some trying times in between.
any of you international finance wizards reading this have an opinion?
of course, all bets are off if the kaangress-marxist charade continues.
the sooner these charlatans are kicked out the better. latest example of
their mating dance: the marxists call for a nationwide strike -- against
a government they keep in place!
3 comments:
Demise of the dollar has been predicted before but this time it maybe different. USA wouldn't mind when China's trillion dollar reserves devalue a bit. China cannot rid of dollars openly or quickly so quietly they would move to commodities and raw materials. India's technology outsourcers' growth may have plateaued now but retail and realestate still has long way to go. Sector specific India Funds would be better. Having some gold and silver is good too.
If the dollar's downfall becomes true then it would really be a great thing and a fitting reply to the socalled super power's "big brotherattitude". lets hope that to happen in the begining of new year.
M.D.S.PRABU
http://mdsprabupassionatewriter.blogspot.com
www.creativewriter.wordpress.com
m.d.s.prabu@gmail.com
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