epilogue

Had the US government respected the dollar, it wouldn’t have out-served its purpose as a global currency. China’s central banker Zhou Xiaochuan recently made strong case to dethrone the dollar. There’s only one problem: 70% of China’s $2 trillion in foreign reserves is in US Dollars.

What really captures imagination and concerns of a majority of Indians are prices of daily consumables. There are wide-spead concerns that the Indian economy may go into deflation by the second quarter of financial year 2009-10 as there are fears of inflation going below zero per cent in the face of unprecedented fall in crude [...]

As the United States awaits its 44th President, my hopes on the revival of the world economy has dwindled further since the last time I wrote on this topic. EU countries, France especially, wants greater control of its banks. Greece and Italy are already teetering on the verge of bankruptcy, and after suffering heavy losses [...]