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Dr Girish
Leave alone the stock market. The culprit in this make believe is the dollar itself and by default , it is the USA. Just to keep the American dream going, a most cunning ploy of the worst sinister designs was conceived. The objective was this:
"to make the others bother about the dollar rather than the original issuing country"
Now , we are exactly on the crest of the bubble. We devalued our currency thrice, just to keep the dollar at a high pedestal and to feed the irrational consumption of Americans. China also did the same.
But the most vivid description of how America stagemanaged to hide a crumbling citadel is narrated in this sincere and incisive video lecture by M R Venkatesh, A chartered accountant. See it at
Global Imbalance - An imminent Dollar Crisis -
http://video.google.com/videoplay?docid=4343898391323537541&hl=en
Venkat
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