- Fall of Capitalism
With the breaking up of the Soviet Union in 1989, heralded the end of Communism (though the system was actually a dictatorship in disguise). Now with the fall of Wall Street, me think its time to proclaim the fall of Capitalism.
Models like that used in India and China (Tightly regulated financial system and administered by the state at times with a pretty conservative approach) seems to be the way out.
Also it time to recognize the emergence of the Asian countries, pretty much the way it was during the 18th century and prior to it.
- Fall of GM
GM will file for bankruptcy soon and it was me who had predicted this way back in Mar 08 this year. Me was speaking to a client of my employer exchanging views at the dinner table and this was precisely what I said then. Seems like my thinking and predictions seem to be coming true.
It would be no surprise if GM and Ford are sold out to a European (mostly VW) or Asian (Hyundai) company, provided they are willing to fund the huge pension costs of these white elephants. If not, GM and Ford would be nationalized!! He, he, he,……. A government car in Amrica????
- Recovery will be faster
Every damn guy on TV, print and on the street says, this meltdown/slowdown or recession will last for long. No buddy, just as the meltdown/slowdown came in just a few months, this will get over soon. Max by end of 2009 or even well before this.
Lets just wait and watch
