The domino effect

  • 8 Mar 2009 15:19:39 GMT

    You people should start taking an interest in the world around you again, instead of focussing on the war all day long.

    Have got no idea if savings with banks in SL are quaranteed, but all over the world a lot of banks are technically bankrupt and a lot will follow. They have to be bailed out by the governement or nationalized.

    Even when your money is quaranteed up to a certain amount, it might take years before you get it back and by that time it probably has inflated by 50%.

    So, maybe it is a good idea to buy yourself a safe and get your money out of the bank before it is too late.

    Don`t think your CB can bail out any bank without starting the presses and go full speed.

  • 8 Mar 2009 16:37:15 GMT

    There is another article in the Lakbima News today. They speak of Kotalawela`s image with in the Group & his actions based on `whims` which has caused all these damage. Nobody questions however high in the Group.

    Many knew that Ceylinco Group was on `borrowed time`. It had to crash someday & it did.

    Ceylinco Group is a miniature reflection of the affairs of the nation, as we seem to glorify the state of the nations affairs today!

    Time will tell.

  • 8 Mar 2009 18:18:38 GMT

    Bit confusing theory how will the money get inflate.It will more likely to depreciate with the inflation?

  • 8 Mar 2009 19:05:13 GMT

    Two different things with the same result, you can bye less for the same amount of money.

    Inflation = consumergoods get more expensive so your rupee is worth less.

    Depreciation= devaluating your currency, mainly done to boost export, but also a way of protectionism and a killer for the world economy.

  • 9 Mar 2009 10:31:45 GMT

    Whatever based on Interest earning bound to perish. This is what happened in New York and is happening in Sri Lanka too. As they say `Gini Poli` is the route cause of all these outcome, its time we people take notice of this and avoid the `interest` based transaction.

  • 9 Mar 2009 11:22:58 GMT

    [Ceylinco Group is a miniature reflection of the affairs of the nation, as we seem to glorify the state of the nations affairs today]* 100=fools paradise.

  • 9 Mar 2009 20:56:43 GMT

    [sad thing is many people are suffering due to their mismanagement.. ]

    You did not think so when the Australian system let this consumer down. Double standards???

    You lack financial wisdom.

    Ultimately, we must manage our own systems. Reconciling the official system with our own personal values is the sure way to feel success in financial investments. One must not cheat and must not feel cheated.

  • 9 Mar 2009 22:06:50 GMT

    Greed makes people forget what is real. Especially in a very corrupt country like SL, everything `seems` possible.

    Told a friend of mine, real businessmen, just over a year ago to get his money out, all based on sensible thinking and knowing what was going on in the USA and Europe. Maybe because I am european and not used to stick my nose in other people`s financial state, I wasn`t clear enough to him, because yesterday I saw his name in the paper.

    Now I feel lousy because I think I should have put some more pressure on him, while he probably just didn`t believe me then, or even worse, didn`t want to believe me.

  • 12 Mar 2009 01:57:23 GMT

    [The lessons for investors too are many. Way above market interest rates are too good to be true.]

    Seylan is now offering an annual effective rate of almost 22% for its millennium 30 deposits. This is about 7% more than the average rate in the market. Does that indicate all is not well with Seylan? Something for the investors to ponder upon before parting with their hard earned money.

  • 25 Apr 2009 05:27:57 GMT

    Who is Gemimex Est?????