In India, group activity on the net has been more focused on private players, and the most significant moves we have seen relate to customers of real estate companies who have become victims of the ‘cash management’ of these firms – announce new projects and take in booking amounts, but make no progress on projects launched with equal fanfare several quarters or months ago. These are Ponzi games too, and are bound to implode, unless world liquidity drastically improves, soon.
More power to the individual. Our governments, and corporations, will be forced to become more transparent.
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