Us Economy

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Title: Us Economy

Essay Details:

Subject: Business

Author: Charles J

Date: September 10, 2012

Level: University

Grade: A

Length: 3 / 693

Essay text:

Indian equities are at 12000, INR is down at 47.11, and global credit market is in turmoil, liquidity has vanished, deals have dried, and investors have lost around 8000 crore INR so far in IPO’s. Investment Banks are falling like pack of cards, Wall Street is in complete turmoil, world financial system has never looked so vulnerable. After the failure of the proposed bailout plan (though I am sure US congress will work out something), the uncertainty has risen to alarming level. There is real possibility that world economy would go into deep recession. Euphoria of 2007 seems such a distant dream...

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