Monday, March 03, 2008

The Final Trump Card

A lot of hoopla surrounding inflation, a slowing economy in the US, and what not. Many astrologers predicting planets that point out to difficult times ahead. All of this is possible.

Can someone please come up with an analysis on what would happen if Bush ended the Iraqi War and called troops back to the US.

Would this be his final trump card? What would the implications be on oil, gold and the US dollar? Would world markets react positively to this?

What would the Democratic positions be on the Iranian oil bourse which was slated to be launched in February but we hear nothing of anymore, since those Middle Eastern Internet cables were cut. Would Barack Obama (should he win) make peace with Ahmadinejad and convince Iran that the dollar remains the currency for oil trade. Should this happen, what would be the repercussions?

I am surprised that we never have considered the fallout of the end of the Iraqi war, although both Obama and Clinton have vowed to do this if elected to power.

I think we need to have some discussion on this too, besides Jim Rogers castigating Bernanke and others merely following suit.

Mr. Rogers, please.

Posted by Eclectic Investor at 5:08 PM  

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KM

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IN PASSING

Consider how the crisis has unfolded over the past eighteen months. The proximate cause is to be found in the housing bubble or more exactly in the excesses of the subprime mortgage market. The longer a double-digit rise in house prices lasted, the more lax the lending practices became. In the end, people could borrow 100 percent of inflated house prices with no money down. Insiders referred to subprime loans as ninja loans—no income, no job, no questions asked. - George Soros in latest book


“When everything’s going up, there’s a feelgood factor and people tell each other how much their houses are going up at dinner parties,” says Professor Mark Stephens of York University’s Centre for Housing Policy. “Then the music stops, as it always does.”

“Last year, Japan was a more attractive market to put money in. If you look at the US, we can now get an internal rate of return of 25% there, so why would anyone want to come to India?” - a senior executive at an international financial services group, who did not wish to be named.

"Most people told us house prices never go down on a national level, and that there had never been a default of an investment-grade-rated mortgage bond, "Mortgage experts were too caught up." - John Paulson, trader, who bet against subprime market and made $15 billion.

The most puzzling are the real-estate projects of Parsvnath. Just have a look at the Pride Asia project near Chandigarh. They are asking almost US $300K-$350 K dollars for 2 bed room apartments. They have Villas in this project that costs more than US $1.5 million dollars. It is true that some people in India have that kind of money in India. However most of their wealth is black money and that can not be used to buy these properties. Obviously, these projects have been launched keeping NRIs in mind. - Sanjeev, comment from another site

Prachi Desai, aka Bani, the star of Balalji Telefilms's soap, Kasam Se, has been house hunting for over a year. She had almost closed a 2-BHK deal last year for Rs 1.5 crore in a Oberoi Constructions' building located at Andheri, Mumbai, but when she went back to confirm it, she was asked to cough up Rs 2.61 crore. Since then, she is still house hunting. - Mumbai Mirror

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