600 point swings on the market. SEBI asking banks to
relook at how they calculate circuit filters. It looks like there are a lot of things for the 24x7 news channels to talk about these days. A few people started comparing the crisis with respect to 1991 when our current PM was the Finance Minister. However, I think this post is a little more balanced. How does this affect us? Well if you don't have a Batmobile, at least get an umbrella.
http://blogs.timesofindia.indiatimes.com/Swaminomics/entry/get-ready-for-another-asian-financial-crisis
P.S. The logic behind these posts can be found in
this
post
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