The capitalist class also has a big lesson to learn! Source - The - TopicsExpress



          

The capitalist class also has a big lesson to learn! Source - The Hindu "... The capitalist class also has a big lesson to learn. It merely used cheap, western finance all these years to ramp up stock prices based on cornering scarce resources like land and minerals. All such companies are today quoting at 80 per cent below their peak values seen in 2010 when the economy was still doing well. These companies today are in a huge debt trap and their interest payments far exceed their earnings annually. Worse, Indian companies have a massive exposure of close to $200 billion of loans from abroad and the sharp fall in the rupee is making their repayment even more difficult. Many big business houses thought they could use cheap, global money to create financial, not real wealth. For a while this worked and some of the stock market-created wealth went into the funding of elections. This game is over now..." thehindu/opinion/lead/the-india-of-2013-is-not-the-india-of-1991/article5068745.ece?homepage=true
Posted on: Wed, 28 Aug 2013 20:45:16 +0000

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