IIPM MANAGEMENT INSTITUTE
Comments Marc Faber, noted investment guru and columnist for B&E, “The latest housing boom (1998-2006) was far larger and reached higher extremes of speculation than any previous post-Second World War boom...” And he also projects that the downturn that is going to follow will be as severe, if not more than previous peaks. The ripple is being felt across the Dow Jones and the S&P Index as well. Indeed, the recent $36 billion acquisition of Equity Office Properties (office property owner) by private equity firm Blackstone Group was a rare burst of good news. But the fact remains that the Fed will be compelled, sooner or later, to take some drastic softening fiscal measures in order to bring the sector back on track. While there are signs of cooling off in the EU as well, the blow hasn’t been so severe. Asian markets, on the other hand, are in a buoyant stage, despite some corrections from time to time, largely because of the growing Asian economies.
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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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