Indian Stock Rocket heading for a Crash??Its been a rosy time for the hot shots at the stock market with the SENSEX crossing the 8000 point mark for the first time in history. The stock drive has been fueled by foreign investors blindly channeling money into India.
How ever the economist and analysts have found reason for concern and have started forecasting an economic crisis on the horizon, with surging fuel costs expected to further soar to 100$ a barrel (God forbid it) will put India confronting a severe case of Hyperinflation. The Indian authorities are slowly coming to grasp with the reality. But we are still in the self-denial mode. The increasing fuel costs will cause an unprecedented rise in cost of commodities leaving the common man in a tight spot there by reducing consumer spending and dampening over all economic growth.
The most famous case of hyperinflation occurred in Germany in the 1920's. Inflation was so out of control that it was cheaper to burn German currency for heat than it was to use it to buy firewood.
Time to start worrying?
How ever the economist and analysts have found reason for concern and have started forecasting an economic crisis on the horizon, with surging fuel costs expected to further soar to 100$ a barrel (God forbid it) will put India confronting a severe case of Hyperinflation. The Indian authorities are slowly coming to grasp with the reality. But we are still in the self-denial mode. The increasing fuel costs will cause an unprecedented rise in cost of commodities leaving the common man in a tight spot there by reducing consumer spending and dampening over all economic growth.
The most famous case of hyperinflation occurred in Germany in the 1920's. Inflation was so out of control that it was cheaper to burn German currency for heat than it was to use it to buy firewood.
Time to start worrying?
posted by Arun at 11:00 AM
3 Comments:
I just thought quickly let you know that I've seen yours and invite you to visit mine here:
celebrity news photo
This is a excellent blog. Keep it going. Don't miss visiting this site about how to buy & sell everything, like music on interest free credit; pay whenever you want.
A real enlightening blog. Don't stop now. This may be of interest to you; how to buy & sell everything, like music on interest free credit; pay whenever you want.
Post a Comment
<< Home