Has anybody fallen sick by the Chinese sneeze which resulted in causing cold to the world markets? Poor Chidambram, it happened on the day he rose to present the budget. Not that he did something great for the Indian corporate world, still it wasn’t that bad. FBT on ESOPS was a bad idea I am sure he has upset the salaried class. I hope Education cess reaches the right places. Investors on the Business channels look depressed.
March 5, 2007...2:19 pm
Share Market Crash
Jump to Comments
from Vishesh :)
from Reema :)
5 Comments
March 6, 2007 at 3:48 pm
taxation on esop has almost doubled my tax burden
(
March 6, 2007 at 5:46 pm
The genesis of the crash is in Japanese Yen ans Swiss Frank. Both were cheap to borrow because the interest rates in those countries were close to 0.
Traders and institutions were borrowing Yes and investing the Yens into other markets to generate extra returns.
Once the Yen started going up, investor’s sensitivity to the downside risks in China and India and elsewhere became more real. So, they unwound their positions and we had a mini crash.
Nothing really has changed in the world economy.
March 7, 2007 at 1:25 pm
Thanks Pegasus and Mumbaikar for sharing your thoughts.I read in some newspaper about this woman who heard somebody during the game of mahajong that Chinese govt is imposing certain new regulations on the stock market.This woman sold all her stocks a day before the global crash and saved all her money.I agree with Mumbaikar, nothing has changed in world economy, although there are talks of recession in US economy which could have an impact on bourses around the world.In Indian markets correction was due in any case.
March 7, 2007 at 10:07 pm
minicrashes aren’t much of a problem. Plus, China’s bomming economy will be back in no time. I don’t know why they’re making such a fuss. Thanks for the “Yen”-explanation mumbaikar
March 8, 2007 at 2:01 pm
The Chinese economy is booming and will continue to do so. The chinese are bringing these regulations to cool down their over heated economy. Thanks Rajiv for your views.