Friday, January 29, 2010

Bubble always bursts

All you remember that during march ,2008 our india had given first time ever the 9% GDP, sensex touched 21000 pts, inflation was no matter of concern it was 4% which is consider ok, job market had enough opportunity but
suddenly picture got changed, stock market started to crash down because of global slowdown (lehman brother bankruptcy, subprime crisis) stock market ended up at 8000 pts, everybody was feeling jittery, inflation reached highest ever 12%, GDP fell down to 4-5%, no job remained more.Unlike USA, in india we had no recession ,it was mere a slowdown.It was a correction. Always Bubble follow the burst.

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