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Europe slides into Recession !
By admin | October 26, 2008
Global consumption will come down, as a result of the World Financial Crisis, as more and more people lose jobs. IT, Banking, Realty, Stock market etc has been affected considerably by the W F C.
We should cut down on our expenditure, hotel bills and entertainment bills, not invest in the stock market now, cut down on business expenditure etc. As the Dollar and the Rupee are eroding, it is not a bad idea to invest in Gold and Silver bullions and coins. If we hold on to cash, we are losing purchasing power. Gold, on the other hand, is a hedge against inflation.Even though Gold market is fluctuating and unpredictable, gold reduces the risk in your investment portfolio. So let us now prepare for the Depression of 2009 !
The Rupee hit 50 against the dollar, an all time record. It may reach 52. India’s forex reserves has come down to 273 billion from 310 billion. This is said to be the prime cause for the fall of the Rupee against the dollar. Foreign money is now being taken out of BRICS, Brazil, Russia, India & China !
Be prepared for the oncoming recession. We are now researching on the Oncoming Depression and how to profit from it.
Today there will be a Muhurat Session at the Stock Exchange, marking the beginning of the New Year, Samvat 2065 !
Topics: Stock Market Astrology |
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