All about money that one needs
Did the stock markets smell it ahead of others? The Indian economy is close to bottoming out, says leading research outfit Nomura. After four quarters of consecutive declines, the index which measures real M2 money supply, non-oil imports, equity returns, repo rate, real bank credit, industrial output and tourists rose in first quarter (Q1) of [...]
{ 0 comments }
Although the US economy is expected return to growth later this year, there is a danger of a second recession if monetary easing and a weak dollar leads to increased inflation expectations, a report said on Wednesday. Massive stimulus spending and moves by the Federal Reserve to fuel economic activity is expected to jump-start the [...]
{ 0 comments }
Up to 51 million jobs worldwide could disappear by the end of this year as a result of the economic slowdown that has turned into a global employment crisis, a United Nations agency said on Wednesday. The International Labour Organisation (ILO) said that under its most optimistic scenario, this year would finish with 18 million [...]
{ 0 comments }
The government is likely to announce a second stimulus package later on Friday to help shore up an economy slowing faster than many economists had expected, two officials in the Prime Minister’s Office said. One official, who did not want to be identified, told Reuters that Montek Singh Ahluwalia, deputy head of Planning Commission, would [...]
{ 0 comments }
Its recession most people are free as there is nothing to trade or else salary cut so less on spending, on luxury and comfort and worst case is that they have lost their jobs so nothing to do. But one should not underestimate these recession times as they can last longer than the good times. [...]
{ 0 comments }
The Article appeared in Associated Press this Sunday. “Nobel economics prize winner Paul Krugman said Sunday that the beleaguered U.S. auto industry will likely disappear. “It will do so because of the geographical forces that me and my colleagues have discussed,” the Princeton University professor and New York Times columnist told reporters in Stockholm. “It [...]
{ 0 comments }
Japan the worlds second fastest growing economy went officially in recession a month back. But see these bad GDP figures.I think India is performing much better than Japan.US is in official recession. Worlds largesr growing economy.Japan is also in recession.Germany which is the third fastest growing economy is also in recession.
{ 1 comment }
The United States economy is now in recession, according to the National Bureau of Economic Research. It says that the recession began in the United States in December last year. As per the bureau the number of people in jobs has fallen every month this year. Speaking at a forum for the leading American companies, [...]
{ 0 comments }
Nows its the turn of Bank of New York Mellon after Citi Bank. Bank of New York Mellon is planning to cut 1800 jobs blaming weak economy. While Citigroup INC said it will cut 53,000 jobs. More over Citi Banks Indian CEO resigned and is replaced by Mark Robinson. Whats Next ? Who knows ?
{ 0 comments }
Get this widget (here)
Investologic