Nobel-prize-winning economist Joseph Stiglitz and Linda Bilmes says Indian Govt is doing all wrong things ..... They say Indians have one of the higest savings rate and out of them 95 % saves in bank FDs ..so rise in interest rate will leave more money with them ... Further loan waiver and pay commision hike will lead to more money in hand of masses thus stoking great consumption boom and hence high inflation ... Govt shud cut interest rate and target subisdies to only people below poverty line ...
Wednesday, June 25, 2008
Subscribe to:
Post Comments (Atom)
DISCLAIMER
DISCLAIMER: INVESTING AND TRADING IS VERY RISKY AND FINANCIAL LOSSES ARE OFTEN THE RESULT.
Investment success is far from a sure thing. This site is solely intended for educational purposes. I am not a registered investment advisor and it is not my intention to provide anyone with investment advice. I am not recommending that any reader of this blog buy, sell, short, or engage in any other investment strategy based upon the content set forth herein. I strongly urge all readers to perform their own due diligence before investing and or trading their funds. I will not be responsible for any readers financial losses.
0 comments:
Post a Comment