The Indian stock markets are reeling, as Reliance Power loses 77 points than the issue price !
We had warned in our blogs about the negative posture of Jove, the financial planet
Not only America, but the whole world is going through a severe Economic Crisis. The subprime crisis had taken its toll. Citi group wrote off 8 billion dollars as losses. Many banks are in trouble.
The Fed cut rates by 75 basic points. The US is facing Recession. There are some American scholars who fear a Depression !
Asian indices are down as a result. All markets are interconnected. ( We had in our New Age Wisdom blog highlighted Bell's interconnectedness theorem ).
In other words, not only the US, but the whole world is facing an enormous economic crisis.
2008 will not be a good year for Global Economics. Let us hope, that after Jupiter leaves Sagittarius, things will progressively improve.
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