[Assam] World Economy & Guwahati Stock Exchange

[umesh sharma]

In light of the current turmoil in financial markets any opinions by our esteemed economists - UPenn ( Ivy league) economics professor Santanu Roy or AIM's Shantikam-da Hazarika or other august members.
 
Over the past one week I have phoned many old friends - one is a business correspondent with MINT -affiliated to Wall Street Journal - he says that 3 out of top 5 US investment banks are down. He agreed that housing market etc might be the short term problem. He was my roommate till last year. 
 
Then I called a child hood friend now a senior guy in treasury in Indian central bank. He said that the problem is worse and all stock markets are interlinked - Gauwahati with NYC - etc - and thus US govt is nationalizing these finance companies  - like India has done for ages- against western advice. He has put off his plans to study economics in the US for some time. I find this is the right time to learn - just I learned when Indian economy was in turmoil in 1990.
 
My new roommate BITS Pilani graduate who worked with IBM and Microsoft earlier (in US) says that it is total deregulation by the US govt (unlike India) share prices can go up or down as much as anyone pleases - in India there are circuit breakers - prices cannot go up or down beyond 3%
 
any comments
Umesh Sharma

Washington D.C. 

1-202-215-4328 [Cell]

Ed.M. - International Education Policy
Harvard Graduate School of Education,
Harvard University,
Class of 2005

http://www.uknow.gse.harvard.edu/index.html (Edu info)

http://hbswk.hbs.edu/ (Management Info)




www.gse.harvard.edu/iep (where the above 2 are used )
http://harvardscience.harvard.edu/



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