Tuesday, April 8, 2008

LEXICON OF FED CHIEF AND SO CALLED FINANCIAL ANALYST IS FUNNY..!

Since last one year when we heard word sub prime and USA economic downturn we are hearing interesting lines from so called experts world over and also in India.
Lexicon used by fed chief is also funny most of the time.
Some of funny lines are
Some downside risk to growth remains...!but we will grow at moderate pace!
We can see contraction in economy in short term , long term we are not ruling out more severe economic downturn but we expect better second half growth !
Chances are usa going in to recession are not ruled out but we are optimistic about moderate growth!
Some so called wall street expert saying we cant rule out mild recession!
Some Indian expert said valuations looks attractive to buy but i am not buying!
What jokes above lines are.....
USA IS IN RECESSION SINCE LAST ONE YEAR.PERIOD
There is nothing like mild recession just like there is nothing like mild rape or mild pregnancy.
RAPE IS RAPE!PERIOD.
With USA going to worst ever economic crisis of millennium we will have very funny business news watching for next few years.
ENJOY!