1. As per Mr Barton Biggs who is former chief global strategist for Morgan Stanley and is presently running the New York-based hedge fund Traxis Partners LP. , and is also often referred as ‘big picture man’, is of the view that emerging stock markets are going to come up with a vengeance and all world markets will take a cue from it. He is of the opinion that world wide adequate stimulus has been given and same is now going to provide an adrenaline shot to all the economies.
2. Mr Barton Biggs is holding high hopes from emerging markets as he feels that these economies are growing at a much faster rate than the growth in world GDP. He recently told CNBC that they are going to be the first ones out of this recession. Barton Biggs feels that India will grow with positive rate despite poor growth world wide. Thus he feels that Indian stock markets will move up in times to come.
3. President Obama has gone a step further to control credit card scam by ordering new rules which will be effective in coming 9 months and same will prevent the credit card companies from giving away cards to people under age 21 with no means to pay the debts.
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