Friday, March 14, 2008

Recession in India - In US footsteps

According to Sharma, China and India are likely to underperform while Thailand is likely to outperform. The US is heading into a very bad recession like the 1920s, Sharma said. "Large write-downs can erode financial wealth in the US. The Fed's move is not enough to stop the credit contagion. and some banks can go under.

read more | digg story