Sensex & Nifty down 3.5%, general gloom all around
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January 18th, 2008 at 6:11 pm
Contrary to what Mr. Bernanke says this slowdown will be more severe than the last recession. The last one was mainly driven by Business slowdown but this time it will be both Business as well as Housing (the largest asset class for US Economy). Asia may head for a depression. Cash will be King in coming days.