what is subprime effect
This query is : Resolved
sudhakar.b
(Querist)
08 December 2007
hi,
i would like to know about subprime issue happend in U.S.effecting on all stock markets.
i would like to know about subprime issue happend in U.S.effecting on all stock markets.
08 December 2007
Subprime has happened because the money is lent at high interest and there is no security. This is due to way of spending and low savings in America. Right way to state is poor savings habit of Americans have hit hard. India will not witness slowdown due to subprime but exporters will be hit hard due to rising rupee.
Remember India is shining and hence dominant place.
Remember India is shining and hence dominant place.
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