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Indian Economy strengthening: Mobile users in India - an indicative of Economy
October 23, 2008
Slowdown? India adds 10 mn mobile users in Sept | www.business-standard.com
Indian economy is not slowing down even if global finacial market is in crises. The indian population has been denied the access of the convenient and comfort of the land-line telephone facilities due to unaffordable high price to use them. Now the introduction of mobile phone gives them convenience and comfort at the affordable price in comparison to their earning levels which is very low compared to other nations in the world. Hence, inflation does not interfere in accessing at the affordable cost (not the low cost according to the western standard).
10-15 billion dollar for jumbo loans may not be enough.
April 21, 2008
Freddie to Finance Jumbo Loans | online.wsj.com
What Freddie Mac is doing now is supposed to do 3 years ago (a call from Allen Greenspan in May 2005), specifically to liquidate substantially with little disruption to the housing market in 2005. The call from Allen Greenspan came at the time when the combined holdings (of mortgages and mortgage backed securities) of Freddie Mac and Fannie Mae were far above the level needed to fulfill their respective housing missions. He urged the Congress to curb the growth of these two firms since they pose “very serious” risks to the financial system. Their growth disrupted the financial system since later part of 2007. Now Congress and President acted to do what supposed to do three years ago. The 10 to 15 billion-dollar packages for jumbo mortgages may not provide expected results. Probably, it may need to increase again.
Banking Industry: WB follows what it takes to do right things
April 17, 2008
Moody's, Fitch Affirm Wachovia Rating | biz.yahoo.com
Wachovia follows what it takes to do right things to correct the pitfalls.
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