$ 700bn Financial Bailout....! at FinGad.com

Vote

Categorie: Equities
Submitted about 1 month ago by

Rajiv , An Investor... at Bank Of Baroda....migrating to USA

Friends,I am seeing no post here since I last wrote here 8 days back....I would like to have a discussion on USA economy and its financial system.I would like to have opinions from our veteran member like Ziad, and some brokers like Brandon,fingad team member like Matt(VT Castle), Micheal,Andy20,Anderson ,Liz etc and above all our site CEO...Khanan....Well coming back to the subject....1)The USA GDP constitutes of whole world 25% GDP.....2)In USA , 80% of the GDP comes from Housing market and Consumer spending!Now I will try to discuss how the things are in USA economy and how long can it take to be back on track.USA has stopped manufacturing small things and it is wholly dependent on China and other countries but more on China...from Headphoes to small pin, USA imports it from China.That is the reason the trade defcit between USA and China is around $3 trillion.....ofcourse they get it cheap from China and that is one reason...USA use to bulid houses at an average of 1 mn per year...and in last 5 years it went up to 1.5 mn per year.Now the catch is coming and that is as there were no buyers with good payment record they sold it to them who have no capacity to pay teh EMI....that is known to everybody.USA has borrowed money from the whole world for consumer spending and that seems were their ultimate goal.I have a friend in USA.She paid loans for the land she bought and was also paying loans for... More...

[ 1 Comments | Send To A Friend | Bookmark Review ]

1 comments ↓

#1 | Khanan @ about 1 month ago CEO at FinGad User Rank : 227 Portfoilo Balance: $4,285.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Hi Rajiv, Thanks for your post. FinGad is working on another product which I think everyone will enjoy. I'm not ready to uncover the wraps, but I think finance folks will find it extremely useful. As for the US economy, it's sad we reached the point where we are in. It's sad that banks that are in dire need of cash are continuing to pay dividents. My view is that the $700B bailout is necessary - and as many economists disagree (I think something like 200+ signed an opposing letter sent to congress) - the fed and treasury are simply more informed then any professor sitting in their office. I have not seen many interesting alternatives from folks that disagree. One exception is from Mark Cuban, who advocated creating an ETF for the US govt - and he talks in detail about this on his blog: http://blogmaverick.com/ Thanks for using FinGad and stay tuned for a new release :)

Please Login or Register to comment