Global turmoil and its consequences!

Right when everything was going right for India, one issue after the other has unsteadied the Indian economic ship. Or has it brought down the exaggerated over confidence! Everything depends on what and how investors think! The sub prime tragedy has shaken their faith in nearly every market. Knowing the fact that Indian market depends largely on the FIIs from the west, the present is not encouraging. But even in the times of distress, we all know that money is safer when invested. These are the times of mobility, and nobody would carry his money with himself. This simple fact will deter anybody willing to make progress in his life, from not keeping his money in bank.

But, seeing the rapacious cycle of 'home loans' package, I suspect whether banks issuing credit cards at the snap of a finger are isolated from a similar crisis.