Will they be able to make it? Well, I doubt!

IIPM PUBLICATION

The technical picture of the Dow Jones is ghastly similar to 1929. Only in 2007, the Dow again rocketed uninterruptedly for more than 25 trading days in a row. Want another negative comparison? The buying of stocks on ‘margin’ (with borrowed money) has reached the same levels as 2000 just before the NASDAQ technology index nosedived up to 80%. Central banks have been doing the same as in the last days of the beginning of hyperinflation roughly 80 years earlier. Both European Central Bank (ECB) and the Federal Reserve fail to meet inflation with their leading interest rates.

The Federal Reserve hopes to ride out the ongoing implosion of the property market and has kept the leading Fed Funds rate unchanged at 5.25% for more than a year. But while Fed chairman Ben Bernanke tries to inject markets with optimism through every speech he delivers these days, his predecessor Alan Greenspan has become much more bearish, declaring in May that the USA has a 2 to 1 chance of declining into recession. Oil ascending into the $70 area does not make the case any easier.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)