Is US in a recession?

[deepakraam]

1.50pts interest rate cut in US on Sep18,2007
2.Sluggishness in the housing in US markets.
3.Q2 results of Top US companies below street expectations.
4.Job cuts in major banks
5.Economy expected to grow @ slow pace.


At the same time,in India
1.Sensex hitting an all-time high of 20k.
2.FII inflow of $18b in 2-3 months
3.Continous appreciation of Indian Rupee against Us dollar.
4.Expected growth rate of 9%


So do you think a recession in US and aggressiveness in India

-Deepak.

 

[anant1a]

Deepak

Do u think v need to think over it??

Its obvious that SuperPower is gettin Low...

And India Gaining Power...............

 

[amardeep.rishi]

Great going man...I think this is where the future is...Do u know that if US goes in recession even then India is expected to grow with the rate of 7% wrt 9% growth of china.

 

[jenni]

i'm damn sure india will the superpower country and in that by 2025 mumbai will lead the whole world make a note out of it and mumbai 'll supply water to all countries

 

[rohanmaru4884]

i thnk usa is in a stage of recession and will surely not go into a stage of derpression. if we look @ d the statistics, we need to look at it carefully. simplty usa has a huge base effect. so even a 2-3% gdp growth is huge in actual number. but certainly it is goin 2b diff for usa to even maintain this growth. the subpirme market has already caused cos to writeoff billions of $ as writeoff..sackin d CEO etc. so yes usa is in a slowdown phase. but it will be a dampner for the global market coz usa in some way ot other fules the world economy.