Mervyn, I have been tempted to invest in Canada, given its strong balance sheet, good financial system etc. Unfortunately, I don't think you can put Canada and India in the same boat. Some 70% of Canada's trade is with the US. If the US sinks, Canada sinks.
In contrast, India is quite far removed from the US, both geographically and economically. Amongst the major industrial nations, India's continues to remain very insular and non export driven. Much of its trade with the US is based on services rather than consumption. While India will definitely feel the sting of the US problem, it will not be as severe as countries such as China and of course Canada. We are taking you down with us baby! Marlon --- On Mon, 2/16/09, Mervyn Lobo <mervynal...@yahoo.ca> wrote: From: Mervyn Lobo <mervynal...@yahoo.ca> Subject: Re: [Goanet] Why the West's luck has run out - and why Canada and India's has begun To: "Goa's premiere mailing list, estb. 1994!" <goanet@lists.goanet.org> Date: Monday, February 16, 2009, 6:16 PM marlon menezes wrote: > In the video below, we see Bush promoting home ownership and bragging about > the half trillion in increased > lending to minorities and a reduction of restrictions and controls for home > ownership. > http://www.youtube.com/watch?v=kNqQx7sjoS8
