As we start our countdown to the New year, a bigger concern lies ahead in 2008. Or is it not ?
The Americans have started debating on the expectations of a U.S recession in 2008. A Reuters poll today indicates that 43.4% expect a recession, up from 40 percent a month earlier. This belief has mentally settled in every age and ethnic group. Today Morgan Stanley reported big losses and has added more fuel to the fire. To play safe, bet your money in developing markets! Probably the Indian market would be a safer bet.
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