Tuesday, September 23, 2008

Blogging boredom!! Financial Crisis

Its been a while since ive updated my blog..earlier it used to churn out one blog a day but now its fallen to 1 blog a fortnight.Since the last time i blogged..theres a lot taken place..from the financial mess to terrorist attacks to floods...and il just get down to a few issues in this post which i found interesting...
Lets start with the economic turmoil!! Lehman brothers doesnt exist anymore..AIG got a bail out..Morgan Stanley and Goldmansachs are on the verge of collapsing...why wad how in 2 weeks all this!!!The free American Economy got so relaxed abt norms which led to them giving loans to those who couldnt repay and then investments in things which really had no opportunity to grow and finally some of them over investing in one area and with that area goin through a lean patch the companies crashed...in the last couple of weeks theres been so much of action and some ppl say the worsts not yet over...many more wil fall and many more of ppl like us will have to struggle even more for a living...Am hopin to do my MBA next year i just hope the economy revives soon or else its gonna be tough for us...Another strange thing is the fluctuating price of crude...yesterday it went up by a whoppingt 25$ to 130$ a barrel and then finally settling down to 120 odd and today its fallen to 108$ levels..even the Indian rupee is fluctuating like the yoyo...Inflation here in India doesnt seem to be in control ..prices stil rising..government policies are stil in a mess..dono where we're heading for but one things for sure we need to get ourselves mentally prepared to go on a rollercaoster ride and yes u might throw up and feel dizzie in between but then thats the name of the game called Life!!

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