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Tuesday, January 27, 2009

Is the Indian recession story beginning

Satyam is down and is really struggling hard to get into the main stream. Whatever might be the claims, the finger ultimately points to the land dealings by the Maytas and the erosion of the land valuations might be the prime cause for Raju's outburst. So the time has come for the real estate to tumble down which is the initiation for the sub prime crisis. Lancos is also finding it difficult to survive in this adverse situations and the signs of recession are increasingly becoming clearer.....

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