Re: [silk] Where is the US economy heading?

2007-05-03 Thread shiv sastry
On Thursday 03 May 2007 5:51 pm, Shyam Visweswaran wrote: The devil is in the details. Indeed. The devil IS in the details. Thanks for the inputs anyway. When I work out the economics of getting a Green card and weigh cost against risk in the short, medium and long term, India appears to be a

Re: [silk] Where is the US economy heading?

2007-05-03 Thread Shyam Visweswaran
--- shiv sastry [EMAIL PROTECTED] wrote: On Thursday 03 May 2007 5:51 pm, Shyam Visweswaran wrote: The devil is in the details. Indeed. The devil IS in the details. Thanks for the inputs anyway. When I work out the economics of getting a Green card and weigh cost against risk in

Re: [silk] Where is the US economy heading?

2007-05-03 Thread Eugen Leitl
On Thu, May 03, 2007 at 09:13:29PM +0530, shiv sastry wrote: When I work out the economics of getting a Green card and weigh cost against risk in the short, medium and long term, India appears to be a better bet for me and my family. I can do more for them from here. However, I will mull

Re: [silk] Where is the US economy heading?

2007-05-02 Thread Dave Long
The key observation is that the rural land hasn't appreciated because of wealth created by the rural people... To first order, isn't this true everywhere? Urban areas may be good at producing capital because they have to be; when one must trade for resources, one must develop export goods

Re: [silk] Where is the US economy heading?

2007-05-01 Thread Deepa Mohan
Dear Shiv, Having just seen one of those Maternity Hotels, your email struck a chord... PS - I have a garden with a lake for sale - about 240 acres in all. It's called Lalbagh. Anyone interested? I'm selling it cheap because I'm emigrating to the US I want. If you could just throw in your

Re: [silk] Where is the US economy heading?

2007-05-01 Thread Dave Long
Can someone point me to a couple of examples of instances where the real estate market went belly up? I am more interested in examples where investments lost value over a large period of time rather than short-term losses. I ask because I keep hearing dire warnings of real estate meltdown, but

Re: [silk] Where is the US economy heading?

2007-05-01 Thread Shyam Visweswaran
Can someone point me to a couple of examples of instances where the real estate market went belly up? I am more interested in examples where investments lost value over a large period of time rather than short-term losses. I ask because I keep hearing dire warnings of real estate meltdown,

Re: [silk] Where is the US economy heading?

2007-05-01 Thread Thaths
On 5/1/07, Shyam Visweswaran [EMAIL PROTECTED] wrote: I am currently looking for a home and have been doing some reading. With respect to the US, till around 2001, the value of a home bought a century ago remained even when adjusted for inflation. I have a reference somewhere for it. Since 2001

Re: [silk] Where is the US economy heading?

2007-05-01 Thread Udhay Shankar N
Thaths wrote [at 01:17 PM 4/30/2007] : Can someone point me to a couple of examples of instances where the real estate market went belly up? I am more interested in examples where investments lost value over a large period of time rather than short-term losses. This is a long, data-laden (and

Re: [silk] Where is the US economy heading?

2007-05-01 Thread Pavithra Sankaran
--- Srini Ramakrishnan [EMAIL PROTECTED] wrote: On 4/28/07, Venkat Mangudi [EMAIL PROTECTED] wrote: but what we have in India is a spiraling inflation of urban land prices while rural land continues to lie untouched by the Indian economic miracle unless it has some potential of touching

Re: [silk] Where is the US economy heading?

2007-05-01 Thread Srini Ramakrishnan
On 5/1/07, Pavithra Sankaran [EMAIL PROTECTED] wrote: [...] This is completely untrue. In and around Bandipur where I work, which is 80 kms from anywhere, land situated 2 kms from the highway, accessible only through a dirt track, sells for 5-600,000 Rs. an acre. Merely two years ago, it was

Re: [silk] Where is the US economy heading?

2007-04-30 Thread Dave Long
http://bullnotbull.com/archive/dow13k-1.html My personal prediction is that it's much easier for currency to inflate than for housing prices to significantly decline. Looking from the outside, much of the climb in the Dow has been a reaction to the decline of the dollar -- just for the

Re: [silk] Where is the US economy heading?

2007-04-30 Thread Srini Ramakrishnan
On 4/28/07, Venkat Mangudi [EMAIL PROTECTED] wrote: http://bullnotbull.com/archive/dow13k-1.html This is a description that would fit the current state of the Indian economy rather well. In an inflation ridden India of first time frivolous consumers and debtors, it seems difficult to afford a

Re: [silk] Where is the US economy heading?

2007-04-30 Thread Thaths
On 4/30/07, Srini Ramakrishnan [EMAIL PROTECTED] wrote: Were I to be rash enough to splurge on a house of my own at the present moment, it would cost me a rather large fortune, financed no doubt by usurious debt. Debt which I would possibly find hard to repay if the Indian economy were to hit

Re: [silk] Where is the US economy heading?

2007-04-30 Thread Suresh Ramasubramanian
Thaths [30/04/07 13:17 -0700]: Can someone point me to a couple of examples of instances where the real estate market went belly up? I am more interested in examples where investments lost value over a large period of time rather than short-term losses. I ask because I keep hearing dire warnings

Re: [silk] Where is the US economy heading?

2007-04-30 Thread shiv sastry
On Tuesday 01 May 2007 12:06 am, Srini Ramakrishnan wrote: but one statistic I heard yesterday of 9 out of 10 car buyers taking out a loan to finance their purchase strikes me as about right. Loans for cars make eminent sense for many reasons. A whole lot of people who run businesses (such as

Re: [silk] Where is the US economy heading?

2007-04-30 Thread Kiran Jonnalagadda
I suspect you credit authorities with more responsibility than they actually bear. May I recommend Robert Neuwirth's Shadow Cities? Here's a review: http://www.worldchanging.com/archives/002029.html Here's the author's blog: http://squattercity.blogspot.com/ Here's him giving a talk at TED

Re: [silk] Where is the US economy heading?

2007-04-30 Thread shiv sastry
On Tuesday 01 May 2007 12:06 am, Srini Ramakrishnan wrote: The US maybe headed for a fall, but a similar fall in India will have rather more pronounced and dire consequences. This may be a simplistic assessment. If you drive up towards Yelahanka past Mekhri circle you will see, on your left a

Re: [silk] Where is the US economy heading?

2007-04-29 Thread shiv sastry
On Sunday 29 Apr 2007 10:06 am, Udhay Shankar N wrote: On Sat, April 28, 2007 8:52 pm, Venkat Mangudi wrote: http://bullnotbull.com/archive/dow13k-1.html This stuff is particularly interesting to me. Ages ago, after living in the UK for long enough to acquire permanent resident status there

Re: [silk] Where is the US economy heading?

2007-04-29 Thread Bruce Metcalf
shiv sastry wrote: This stuff is particularly interesting to me. I have been asked to attend a visa interview with my family in two in 3 weeks from today. I was weighing the educational opportunity options for my kids in the US. By education, I assume you do *not* mean public schools?

Re: [silk] Where is the US economy heading?

2007-04-29 Thread Eugen Leitl
On Sun, Apr 29, 2007 at 11:22:09AM -0400, Bruce Metcalf wrote: I was weighing the educational opportunity options for my kids in the US. By education, I assume you do *not* mean public schools? It's expensive, but it's still one of the best educations to be had in the world, if you choose

[silk] Where is the US economy heading?

2007-04-28 Thread Venkat Mangudi
http://bullnotbull.com/archive/dow13k-1.html Inflation, Dow 13K and the Second Great Depression April 26, 2007 Michael Nystrom, MBA When I was about 9 years old, my father took my elder sister and I to see a performance by a famous magician called Blackstone

Re: [silk] Where is the US economy heading?

2007-04-28 Thread Deepa Mohan
Excellent article.Thank you.I am not economist enough to have an opinion about its predictions; I will wait and see. Deepa. On 4/28/07, Venkat Mangudi [EMAIL PROTECTED] wrote: http://bullnotbull.com/archive/dow13k-1.html Inflation, Dow 13K and the Second Great Depression April 26, 2007

Re: [silk] Where is the US economy heading?

2007-04-28 Thread Udhay Shankar N
On Sat, April 28, 2007 8:52 pm, Venkat Mangudi wrote: http://bullnotbull.com/archive/dow13k-1.html I think that what will break the back of the US economy will be the coming real estate crash (and its attendant death spiral of foreclosures and distress sales) along with steadily rising oil