What is your view on Global Financial Crisis?

My biggest concern subha is consumer perceptions of what is happeing and what it all means. The fact of the matter is that if people were to NOT panic and continue to transact freely within the world markets then this situation has a far better chance of being over sooner rather than later. But of course this is not what happens at all! People panic and strat taking their money out of their investments left right and centre and then reduce their spending as well. How can markets possibly recover if no-one is spending? If we do our homework, diversify our investments and basically use common sense in how we budget etc then we will be just fine. The average consumer plays a far bigger part in all of this than I think we realize!

The Global Financial Crisis already loomed over Indian Economy. The fall in rupee rate, the crash in stock, the price hike of daily commodities are some examples. Even after this finance minister is saying nothing to worry. Yes, nothing to worry for him and the ministers. All burdens have to taken by the common man!

With the way the US is doing making all the bailouts and everything and even UK is also giving out bailouts to some of their banking institution, it really shows that the crisis is really that serious that every nation that is somehow financially link with the US economy will be hit by these crisis. My government has already declared too not to panic but we should brace for anything that might happen because of these. They are claiming that we are not directly hit by their crisis but the effects might be felt in our shores in the coming days. The only thing they want us to do is not panicking by withdrawing money out of the banks as it may create an artificial crisis as a result of that one.

Already the inflation kicked us to the hell now this global financial crisis makes it worse. The only news good to hear is the reducing price of the crude oil.

it is aglobal meltdown initiated by the ever slowing us economy!! the systems are falling apaart!! and it will have the effects for some more time!! the oil based economies are going to suffer next!! and the spinning effect will harm every individual!!

Hehe. You are right. I am also afraid about that. I don't understand what the political people are doing. In my place we have daily 7 hours power cut and from next week onward it will be increased to 12 hours. How come these people can't cope up with the upcoming technologies. Thats really bad. I also have a fear when I think of "Whats next??". Lets hope for the best.

It is a mess here in the United States. We are in a major crisis over here. the economy is in horrible shape. It is really scary for us right now.

i think everyone is being cautious right now.. waiting to see what will happen to the US economy, and what kind of 'domino effect' it will have on the rest of the world. countries that has a lot of 'business dealings' or 'economic ties' with US will surely feel the 'tremor'..

Hello Subha, I am not an economical expert or anything that kind.And i have no more bank accounts and bank balance.But as an Indian, now the value of the rupees decreasing.That will make many problems but it will help us to get more money while exchanging from dollar to Indian rupee.I think it is good for mylot users from India.Have a nice day

Hi Subha, Good Afternoon . Hopefully ;you are doing good . How is your father's condition ? As for the Global Financial Crisis;I feel that Worldwide Markets and Financial Systems would take quite a time - 1 to 1.5 years to stabilize . Yes; it is not time to panic too much . Our Bank Accounts are guaranteed up to Rs. 1,00,000 / - by Union Government . Also,Banks would also provide some money to us as part of Guarantee in case of Severe crisis .

As for China it is really a great challenge also a opportunity ,our international trade and finace have paid for too much for this crisis.since usd will never be the usd yesterday ,the RMB will improve it's status ,China will be the best place for foreiners investment!