Lehman Brothers bankrupt!

[born2rule]

I dont think this is just a recession its DEPRESSION of the highest scale since the 1929 crisis.
i cant see it ending befire 3 years.All the bad finance firms,other firms will have to close down then only again things will look up

and yeah probably now we can see a diff b/w CA and Mba/cfa

CA never run out of jobs in finance sector mbas and cfa guys do.....

But with HP/NVIDIA and more core companies in firing mode dunno where people can run for cover.

[suchi]

lehman or no lehman there is always he-man

[akhil89]

ok the important question, why is the rupee's valuation going down......
first of let me explain to u the importance of dollar and how it is just not a currency but an economic tool directly affected by politics as well as economics.....

when the world's economy is going slow, people tend to buy dollar alot... that is precisely because USA is the most powerful country today in terms of economy and political power... so it is natural that it shall be the last to be destroyed......remember the newspapers, even India stores its wealth in terms of dollars, the foreign exchange...

so it is not that the rupee is going down, but it is that the dollar is going high... because everyone is "buying" dollar like u wud buy berger and patties from the mech canteen, or maybe u wud buy alot of stuff to reserve for future if stravation was going to hit the country......

So what it seems after reading your post is that dollar will never go down.
If the economy is growing, it'll b up for obvious reasons
and even when, economy is down, it'll be up in comparison to everyone else.
Pls explain.

PS: what were u refering to by "ET" ?

[RaptoR]

PS: what were u refering to by "ET" ?

ET could mean "extra-terrestrial" or "economic times"

on a serious note, I guess tis global slowdown would end in max 2 weeks.

move over Lehman, we're gonna have Barclays now!!!!

[ravimanoram]

ok the important question, why is the rupee's valuation going down......
first of let me explain to u the importance of dollar and how it is just not a currency but an economic tool directly affected by politics as well as economics.....

when the world's economy is going slow, people tend to buy dollar alot... that is precisely because USA is the most powerful country today in terms of economy and political power... so it is natural that it shall be the last to be destroyed......remember the newspapers, even India stores its wealth in terms of dollars, the foreign exchange...

so it is not that the rupee is going down, but it is that the dollar is going high... because everyone is "buying" dollar like u wud buy berger and patties from the mech canteen, or maybe u wud buy alot of stuff to reserve for future if stravation was going to hit the country......

So what it seems after reading your post is that dollar will never go down.
If the economy is growing, it'll b up for obvious reasons
and even when, economy is down, it'll be up in comparison to everyone else.
Pls explain.

PS: what were u refering to by "ET" ?

see if the US economy continues to go up, and the Indian economy continues to go down, then the dollar price will go up, if it is vice versa the indian rupee will go up......

see the concept of currency price is very different in different situation, erstwhile both the Indian and the US economy was going up, but since the Indian economy is a healthy young child and its rate of growth higher so naturally ppl invested in India more, they came with dollars,they either bought the rupee as well as invested in dollars..... so what happened, the rupee went up, it was not that the dollar went down,but in the conversion rate we usually mention dollar as going high or low,naturally it sounds better that way, I hope u r understanding the different situations I am trying to say here, in finance and economics its not simple mathematics.......many psychological,economical as well as political factors play their respective role.....so what you are trying to say is simple ratio and proportion, wen economy goes up currency goes high,wen going low it goes low.... but it never happens that way,
in some cases govt.s deliberately tend to keep the price of currency low, for e.g take the case with China, it had alot of pressure from Europe and the US to increase the rate of its currency, China had a huge storage of foreign exchange as well as the chinese currency was floating in a very large amount in the market, so if that is the situation then naturally these ppl will invest back in the country and by blocking the rise of currency rate China for a moment stopped currency trading, yes u can make money by buying and selling money itself, but for that u need to be a very big player.......

but today the global scenario is bad, the above mentioned scene of why the dollar is going high is playing at the moment.......

and how the factors change currency rates, well as a matter of fact I am still stuck in the 4th yr of college, lemme get out study some more finance and economics and then I can give u some definite answers.... at the moment I am not very much qualified enough to give a very satisfactory answer,only speculative ones like the above, but yes they are also very much valid....


by the way ET is economic times....I guess u shud have figured out that.....ppl in this field tend to expect ppl to either figure out things logically or make sure they find the answers themselves... self dependency is everything.....

[ravimanoram]

PS: what were u refering to by "ET" ?

ET could mean "extra-terrestrial" or "economic times"

on a serious note, I guess tis global slowdown would end in max 2 weeks.

move over Lehman, we're gonna have Barclays now!!!!

wow, if u can figure out how to end the global slowdown in 2 weeks that to maximum, you will surely be appointed the WB chief rite now, so my dear bro, lets keep this thread on a serious note....

[kartik_sxn]

@RaviManoram ,

Did you read , "Resident Moron" as your label in ur profile?
I wonder coz , usually we skip that ,

take a look

[ravimanoram]

@RaviManoram ,

Did you read , "Resident Moron" as your label in ur profile?
I wonder coz , usually we skip that ,

take a look

yes kartik sir, I have seen it, thats becoz I did some real kick ass on dcetech and some of them happened to be ur WMG dcetech ADMIN and moderators......like achint and others, and this is their retaliation, anyways labels don't changeth man, its man who changes the course of destiny, anyways these labels are not going to stop me from posting on dcetech, untill and unless they completely ban me or block me in some other way, in any case ppl here can see the truth themselves......... the only fact of the matter is : I don't care....

anyways I will cut this crap,
so how have u been and where r u working at the moment......

[Pankaj Sharma]

does any body know what to happened to the students that Lehmann Brothers recruited last year?

[RaptoR]

WB chief, ok lemme first pass out of coll, then I will give it a look-in..

most shocking was the reply to that "he-man" viewpoint, this is an educ-socio forum not some pervert thingy!!!