On 25-Oct-08, at 7:32 AM, "Ramakrishnan Sundaram"
<[EMAIL PROTECTED]> wrote:
2008/10/25 Aadisht Khanna <[EMAIL PROTECTED]>:
We must be living in different Indias. My experiences:
house prices to collapse as they surely must. Nobody is getting
telemarketing calls for overdrafts or credit cards anymore.
Possibly an accident but I got my first Indian credit card out of the
blue by mail a couple of weeks back. Ironical because I've been trying
to get a card for the last 4 years, with no success. No, my credit
isn't that bad, but apparently I must have a namesake on a credit
defaulter shitlist.
I certainly think the brakes are being applied, but the Indian economy
is an inefficient lumbering giant that won't stop easily once started.
Or, in Banker speak the economic signalling systems are weak.
I don't think Indians digest bad news as easily as the rest of the
world, everyone seems to be pinning their hopes on a good Diwali.
Cheeni
