The Governments across the Globe coming forward to announce stimulus packages that can bring confidence in the investor community, badly shaken by the recent turmoil. The Governments are happy to burn their night oil stock to tackle the emergency situation. The US bail out package, England’s rate cut and stimulus package. Now the China announced a package of more than 580 billion dollars.
A new idea that was floating around on the formation of a BRIC-Trade (Brazil, Russia, India and China), willing to forge a planned measures to increase trade and capital flows. This could be a one more plan to add to the Sarkozy’s sovereign wealth fund plan. The efforts are there across nations to fight against the high handed nature of US investment model and their nature of withdrawals. Hope for the Consistancy……….
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