Fake?

UK economy contracted by 0.5% in last quarter of 2010 as per intial estimate. Some newpapers claimed it is due to snow.

Economists failed to understand difference in approach by UK government and US government. UK government started implementing austerity plan some time in June-July2010. Results are there for you to see, IMO. Long-term results are expected to be good for UK economy in general. But, who cares for long-term?

Everyone in this world is suffering from short-sightedness except for some who are in minority. There is no long-term here, everything is shor-term.

One of the hedge funds in SE Asia plans to return money by this month-end even after giving spectacular returns in 2008 (note, I am talking of year 2008). The reason; it could not match performance with crowd in 2010 (because it was basically volatility play).

The day USA winds down STIMULUS, US economy will collapse in another quarter as results from UK shows.


-Shrihas Pandharkar

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DYOR.