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Showing posts from September, 2008

Hey Euro R U Our Next Hero....

After the World War II US Dollar has become the most favorable trading currency. US the only nation, which allowed convertibility to its dollar during the turbulent times of World War II, faired well in establishing itself as a reserve currency replacing Pound. Total trading volumes in US dollar was more than 48% placing it far above than any other global currency.

The formation of Euro has been a historic decision in global Currency market. Euro came into existence in 1999. Since its inception in 11 countries it has been a strong contender to USD. It’s pegged currently by 10 currencies. The growth of Euro was steady and gradual. Total trading volumes in Euro rose to 34%, which is, still less to USD trading volumes globally.

With weakened dollar values triggered by credit crisis Euro has been gaining a greater confidence. Euro zone currently consists of 15 countries with many more nations in the pipeline to join. A single currency across the member countries marked by lower interest rat…

Lehman couldn't BEAR This FALL.......

It was not long ago when 80+ year Bearsterns vanished away from WallStreet. Big financial houses were in the same falling spree. Good samaritan act by Fed has prevented Freddie Mac & Fannie Mae repeating a similar act.

Lehman Brothers showed symptoms that it was brewing up with credit problems...until last weekend it had to sink in to file a bankruptcy. It was pathetic to see a 158 year old instictuition crumble to pieces.

The mood in Wall Street touched bottom low and investors are helplessly seeking shelter in chaos.World markets are trying to shield the negativity to penetrate further. Hoping this can get better with right measures in place.

As the saying goes Time & Tide wait for none.....The Fall in NY wouldnt stop...................and yeah This Fall will definitely miss...BearSterns & Lehman Brothers....

Thanks Lehman & Bearsterns....for your visions and path breaking innovations in world finance they shall be treasured.

Sateesh reporting for GTIP......from NY....


Onus 2 save US is on evry one of us....

It seems with the turmoil in the wall street things are looking bleak in the US markets.

As this is not sufficient to make situations worse...huge financial instituitions are brimming with no better situation..

At this point what is that we learn out of this crisis? What happened to the so called risk management? The amount of
risk that has been thrown open into the markets Was it completely ignored and unhandled?

Haha since the system failed...everybody can bull it...for no credit...

Well the best thing about any crisis...is if we all come together...we can find a solution to fight...
Funding needs to come in all directions to stop overspreading panic...
Bank of England & European Central Bank are pooling
in 50+ billion emergency fund.Letz hope things get better with some results yet to be declared by Morgan Stanley & Goldman Sachs..

The onus is on every one of us...to be more responsible as a decision maker..lest negative ripple effects are a indispensable feature..

Sateesh reporting …

UN...familiar familiar..ITY

As a child when we see this world with awe, everything is so unfamiliar.Mom becomes our first acquaintance and a starting point for harboring the feelings of familiarity.

With familiarity we are able to connect to people.Over time we make relationships out of it .I have seen people waging a constant battle with unfamiliarity until they get familiar with everything they are surrounded with.

Its far more interesting how each person reacts to unfamiliarity. Some may get into their shells and become silent and not accessible because they are so uncomfortable to unfamiliar surroundings whereas in some cases people who have been there in such situations are more open to it. They take it as a challenging and exciting phase of life. They see it as an opportunity to discover something new which can be a thrilling experience for a life time.

Whatever may be the case and the reaction which is got out of treading unfamiliar familiarity I strongly believe ………

………………Life is all about confronting unfami…