Tuesday, July 22, 2008

'frozen economy': what ordinary americans are facing

jul 22nd, 2008

a well written piece by a former harvard business school professor.

http://www.businessweek.com/managing/content/jul2008/ca20080714_683791.htm?link_position=linkxtra

the same is getting to be true of india: prices way up, return on funds way down, real estate bubble losing its fizz, and i am sure there will be job losses soon in export oriented industries. india is less frozen because of the enormous amount of petty corruption greasing the wheels.

1 comment:

Eternalsoul said...

Depressing article. But you can see the decline everywhere and its hitting hard.
Hope you are doing well now Rajeev.Was wondering why you were not posting the past few days.