Only People who never learn are politicians because their only objective is POWER...
O Ashuji....
BIIT is new BRIC...BIIT Stands for Brazil,India, Indonesia and Turkey. BRIC prospered during 2003-2007 while BIIT is going other way round since 2013. PIIGS was fashionable during 2010-2012, May be its time for BIIT for coming quarters. BIIT countries are having all similar characteristics - collapsing stock market, falling currencies, rising yields. Since acronyms are fashionable, hopefully BIIT will have its share of pie in public debates.
India does Lehman, Asian Crisis and Euro Crisis combined.....
Indian stock market is having its own Lehman moment since Mid-July, while on rupee front its having its Asian Crisis 1997-98 moment. While on yields front spike is begin to replicate what Italy and Spain experienced from late 2010-Mid 2011. I will not go into Data in terms of extent of damage to stock market or Indian rupee. Anyone investing/trading into these markets or watcher of the market would have sense of the same.
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