Crisis to hasten China's rise; will India gain or mess up?

R Jagannathan

This time it's really different.

The last three years have turned the world upside down. This is why no one can predict what exactly will happen to the world economy or the markets. Consider the huge changes that the world has only now begun to acknowledge, and that, too, in hushed whispers.

First, countries and continents are collapsing this time, not just companies and banks.

As investment maven Madhu Kela told CNBC TV-18 on Friday, 2011 is different even from 2008. In 2008, Uncle Sam stepped in to save big banks and financial institutions. It pumped in money like water (QE1, QE2, and now a