Tuesday, August 28, 2007

Being Dollar'ed' $$$$$$$

India celebrated its 60th Independence day a few days past, but are we Indians independent....???
I don't think so....Most of the countries are dependent on some global super power nations. I'm observing the recent changes in the economy of my country [India], also the other countries. A fall in dollar price means a big punch to the growing markets. I'm seeing a lot of companies depending on US $ Dollar is suffering a set back in their income rates any many small companies which couldn't tolerate such a loss closed their businesses. Also the thing that wondered me most is the fact that most IT companies in INDIA are $ dependent, so a decline in the profit rate, making the employees to work on weekends also, this really sucks.I'm astonished to see not even a single company is doing business in Indian Rupee..shame on them!!!!!!
Many Banks are pouring Billions of $ into the market to stabilize the condition. lets look at this carefully, banks pouring money at specific interest rate...so banking shares will bloom up as more money will flow into banks as interest.

The best part of this declining $ price is lot of opportunity for countries like INDIA to payback the loans to world bank.Also another global market opened up for us, do u want to know what it is...????
It's the opportunity to get to buy real-estate. As most Americans failing to pay their mortgages, they are selling their properties to earn their livelihood. Also we can buy stocks at cheaper rate.

So the moral of the story is start your business in a currency of developing counties.

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