Potpourri of News...nothing positive

Tuesday, December 09, 2008

India tops in Real Estate Transparency:  this is complete bunkum...maybe this is the reason that RBI has allowed NPA's of real estate companies to be classified as performing till June 2009...levelling the playing field, so to speak...we had a transparency "GAP".

Russia downgraded

China Exports Shrink :  when demand is shrinking, currency devaluation will not work

Japan slowdown exceeds expectations

Credit Suisse projects that 8.1 million homes will be in foreclosure by 2012 in US...or 16% of all households and mortgages!!!  Staggering forecast.

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