Comments on: Maybe De-Coupling Isn’t Dead http://www.ritholtz.com/blog/2009/02/maybe-de-coupling-isnt-dead/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 19:33:40 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: psm2000 http://www.ritholtz.com/blog/2009/02/maybe-de-coupling-isnt-dead/comment-page-1/#comment-143379 psm2000 Tue, 03 Feb 2009 04:29:18 +0000 http://www.ritholtz.com/blog/?p=17795#comment-143379 Growing up in India, this was very true. I do not remember any bull or bear market. Any huge growth or any huge downturn. My father never got laid off and on the other hand, he did not make huge bonuses either. The rich were always very rich and poor remained poor. We were in the "middle class" where we had everything we needed but not much of what we "wanted." There was no competition. Same shoddy cars. Long waits for telephone line, first back and white TV etc. Since 1990, this has changed and this is the first time India is facing a "bear" market after opening up to the rest of the world. I hope it is not as bad as here in the US. Folks there are not used to being "let go" at a drop of a hat. Though I am not sure of the "strong regulatory framework" that exists in India. And Satyam is a good example of what Indian system is not. If anyone tells you better that the politicians and bureaucrats are less dishonest in India than here then you can assume that they have never done any business in India. Growing up in India, this was very true. I do not remember any bull or bear market. Any huge growth or any huge downturn. My father never got laid off and on the other hand, he did not make huge bonuses either. The rich were always very rich and poor remained poor. We were in the “middle class” where we had everything we needed but not much of what we “wanted.” There was no competition. Same shoddy cars. Long waits for telephone line, first back and white TV etc.

Since 1990, this has changed and this is the first time India is facing a “bear” market after opening up to the rest of the world. I hope it is not as bad as here in the US. Folks there are not used to being “let go” at a drop of a hat.

Though I am not sure of the “strong regulatory framework” that exists in India. And Satyam is a good example of what Indian system is not. If anyone tells you better that the politicians and bureaucrats are less dishonest in India than here then you can assume that they have never done any business in India.

]]> By: dunnage http://www.ritholtz.com/blog/2009/02/maybe-de-coupling-isnt-dead/comment-page-1/#comment-143355 dunnage Tue, 03 Feb 2009 00:52:28 +0000 http://www.ritholtz.com/blog/?p=17795#comment-143355 Rogoff is just what India needs. Repressive regulations, who put a quarter in this dude. Rogoff is just what India needs. Repressive regulations, who put a quarter in this dude.

]]> By: aypay http://www.ritholtz.com/blog/2009/02/maybe-de-coupling-isnt-dead/comment-page-1/#comment-143262 aypay Mon, 02 Feb 2009 17:43:18 +0000 http://www.ritholtz.com/blog/?p=17795#comment-143262 In other words "we've mismanaged our country so badly leading up to this that at least we don't have any benefits to lose." In other words “we’ve mismanaged our country so badly leading up to this that at least we don’t have any benefits to lose.”

]]> By: Mike in Nola http://www.ritholtz.com/blog/2009/02/maybe-de-coupling-isnt-dead/comment-page-1/#comment-143226 Mike in Nola Mon, 02 Feb 2009 07:30:15 +0000 http://www.ritholtz.com/blog/?p=17795#comment-143226 Whistling past the graveyard. Whistling past the graveyard.

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