I generally do not review my posts in my blog... :)... There are a high number of grammatical mistakes and spelling mistakes... Please ignore them.
What I think about various issues... (Issues that happen around me in my daily life)
Today morning one of my previous classmates updated his status with the following link. http://www.hindu.com/mag/2008/10/05/stories/2008100550010100.htm
It discusses at length about when and how the bubble burst (or will burst). The article is superb that it explains the thought process behind what created the present mess. It explains in simple terms (a chat between two friends) about how people (investment banks) forgot the basics and drove the market to the edges. People with big management degrees given the permission to gamble with other's money and their greed for money ultimately bursts a bubble which people never thought would happen :)... Whoever gambled high has lost high... Example: Lehman brothers.
Pratap.