In a recent interview on CNBC with Ron Insana, one of the “old-timer”funds manager, Julian Robertson, predicted “utter global collapse” as a consequence of the bursting of the world-wide property bubble. Often called “Never Been Wrong Robertson”, the former head of Tiger Management (once the largest hedge fund in the world), is extremely worried about the speculative bubble in real estate. Specifically, he is very worried about a world that is sustained by American consumer spending which is in turn 1/4 sustained by a property bubble. He predicts that 20 million people could lose their homes once the property bubble bursts. Even more worrisome, he thinks central banks around the globe out of desperation will try to re-inflate the world economy with more liquidity that will create an inflationary spiral unseen in the economic history of mankind. “Where does it end?”, Insana asked Robertson. “Utter global collapse,” he answered. But not just economic collapse … collapse of epic proportions. Collapse and disintegration of all infrastructure, including government. Inflation will run into the double and triple digits. “Food production will fall. People will be carrying around U.S . dollars in wheelbarrows like Germany,” he said. There will be “total collapse of public infrastructure. Total collapse of medical care systems. All public pension plans, Social Security will collapse. All corporate pension plans will collapse.” “The American consumer is effectively now supporting the rest of the planet,” he continued. “Consumption rates in all other nations are falling, have fallen to the point that the tax revenues to governments, that the business and industries those nation states are providing is now a net negative number relative to total debt service and public cost, that this exists in virtually every nation state on the planet now.” And for much of this “doom”, interestingly, he blames the Bush-Cheney “regime”. “They have now consolidated power and money on the planet to the maximum extent possible. The planet’s net liquidity, that is its, net free cash flow. Is now a negative number. The planet is not simply sinking into a sea of red ink; it is already sunk. The people just don’t realize it yet,” he said. According to Robertson, “the Bush-Cheney regime is preparing the nation for transition from democracy into dictatorship because a dictatorship will be necessary to control, in 5 years time, food and water riots.” He said “the federal government, that part of Patriot II Act, the internal exile, that the government is going to have to build now huge detention compounds on federal lands, probably in the West where the land is available, to potentially house 50 million or more citizens that will be in financial ruin.” In 10 years time, whoever is left will be effectively starting again, he said. “More importantly, and I’m trying to think how we imply this or how we express this to the people, what extraordinary times we are living in and how the destruction of the planet has been engineered by the Bushonian Cabal from 1980 to 1992, and then from 2001 to present, which has effectively destroyed the economic liquidity of the planet,” he said. Robertson ended the interview by saying that he hopes he is not alive to see this. “The lucky ones are the ones who are my age now,” he said. ...

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Hi, All Dear Friends, My Greetings to Vipulbhai, Lifaylon, Sam (Callahan), Murli, Goldchest, EC Raja and everyone visiting my home page!! I am back at MMB after a long gap...hope everybody is fine. Markets seems to be "very near its Intermediate Bear Phase" and a very good pull back may be expected for some 8 to 12 weeks periods !! Concentrating on NIFTY and BANK NIFTY Stocks / Futures (as may be preferable according to individual choice) will give excellent returns, my views are ONLY for Short Term Investments or Positional Trades with adequate risk management to account for sudden Up/Down for few days in between!! Macro level fundamentals for INDIA v/s G-7 Nations still very attractive and given the very low present valuations of Indian Markets, relaxations in PNs norms, CRR cuts and lifting of FII Cap limit will add fuel to the fire in short term. Long term Gobal outlook still remains very pessimistic and therefore large selling may emerge at higher level from FII and Hedge Funds + Operators combine !! Very Happy Trading / Investing to ALL ...

The credit-fuelled party is over and, for many Britons, that means the mother of all hangovers. After a decade of binging on borrowed money and dining out on debt, consumers are now paying a heavy price. According to the debt charity Credit Action, one person is declared bankrupt or insolvent every five minutes in the UK. Every day, 104 properties are repossessed and the average household debt is £9,500 (excluding mortgages). According to Roger Bootle, the managing director of Capital Economics, the way banks lend money has changed forever. He said: "The financial landscape will never be the same again. We`ve passed through a major event which is on a par of much of what occurred in the 1920s and 30s leading up to the Great Depression. "We`ve been through a period when the financial markets went bonkers and remarkably central banks and governments allowed them to and many of us were caught up in this." The number of people seeking debt help from Citizens Advice has increased by more than a third in the last 12 months. Most people do not realise how much debt they are in. Even those who know they are in trouble, are often reluctant to seek help. Advisors stress that ignoring debt is the worst thing people can do. Alex MacDermott, policy officer at Citizens Advice, said: "Come and get advice as early as possible. There are lots of ways we can help. We can make sure you`re getting all your benefits and tax credits. "There is something like £9.9 billion of means-tested benefits which went unclaimed last year so there`s certainly a lot of money that people are missing out on. "We would then look at prioritising your debts, so we`d look at making your mortgage payments, your council tax, your fuel payments a top priority to make sure you don`t get cut off or evicted from your property. Then we`d look at rescheduling any other debts out of what`s left over." By Sara Merchant ...

Hold on! Crazy times, but we need a bit of patience. Trading on panic is a one way street to oblivion. We’ve lived through the worst week ever on the markets and the whole world is a little poorer as a result. But we have seen some hopeful signs. Yes, we witnessed the most extraordinary swings in shares yesterday. The Dow plunged 700 points and more and then climbed back just as quickly, and ended down a ‘mere’ 128 points. A lot of that was due to a technical variation on when certain stocks were open for trade and others weren’t. After something of a rollercoaster, the market movement stabilised. But for a few moments it seemed as if the floor had opened. And that’s the mindset, the fear, that the G7 and the other leaders and finance ministers who are meeting this weekend need to dispel. A close to impossible task, and anyone thinking that the coordinated cut in interest rates and our £500bn bailout plan would dispense instant cheer was deservedly disappointed. These things take time to work. In the UK, as elsewhere, the money markets are still effectively still frozen and will remain so until we get an idea of how much our major lenders are going to need from the bailout fund. We should learn more of that in the coming days. But banks are interlinked, internationally. So until major banks around the world can convince each other that there are no further horrors in their vaults, and perhaps adopt the UK plan of part nationalisation, and guarantees for interbank lending to demonstrate some cast iron confidence in the whole system, then the uncertainty will continue. The complications of the whole process, not to mention the competition issues and the huge differences in other nations’ financial systems make it a task the like of which the world has never seen. It will take months for it to work. The task of the world’s leaders is to show confidence, cooperation and coordination. Then the markets may hold their nerve. By Michael Wilson ...

As mob psychology behaviour the channels and analysts who taught me all of the above says we are doomed. Since these facts are solid and true we are going to see a great good growth in our economy and in our industry. Industrialists in India in majority are Industry makers not money makers. So we will build and grow. So no one should panic. Every one who wants a good return for the future should buy shares of all good companies now on, and surely for the next few days. Few months may not last, if so let it be, since we invest for a later date. So start picking and buying and be wealthy. The thump rules don’t invest if that money is needed in two years. And one should invest 20 to 50 % of their money, according to their age. The bulls will take it up as our growth is inevitable. Common channels:-either you don’t teach us all these, having done so don’t say these much negative things to us. IF your opinion is seesaw you don’t deserves this job. We don’t need riders we want drives that drives well. HAPPY INVESTING. ...

I also want to know 1) The book value of this stock. 2)The share nof promoter in this stock. 3)whether it will further go down from this level? ...