" I owe, I owe so I go to work"

The above line sums it up!!The US economy crashed because people worked to owe their debts . they had no option but to work or default on their payments.People took such huge loans that it was impossible for them to repay it..they took a number of loans on a single property and using one loan took another and to pay the other took another and so on and so forth. So as they owed they worked.
Well is India facing the same crisis or on the verge of one?? Hmm may be!!The good part of this economic meltdown or recession or wadever u might call it is that it gives us as Indians an opportunity to grow and look back and analyse wads wrong before its too late.It gives us an opportunity to consolidate our position in the world economy and lead the world out of this financial mess.Very rarely do u get such things served on a platter that too in bed!!Its upto us now ..do we change our destiny for the good or sink with the rest!

But one things for sure the day we work because we owe, we surely are in for bad times and probably our king of goodtimes will become the popper of badtimes...

"I owe , I owe so I go to work"

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!!

Nano - Is it time to say TATA to Singur?

The most talked about car of the year , may be the decade..the nano was gonna herald a new revolution in the indian auto industry but sadly its heralded in a political revolution in the communist stronghold against the communists rather than the latter.An ambitious project to manufacture a 1 lakh car needs all the backing from all stratas of society.But in India there is one class of people who wil always oppose it- the political class!!!They need a reason to protest and make an issue out of something to gain some electoral votes.The protests at Singur and the blockage of the highway is it making more and more difficult for the TATAs to continue with their factory there.Aprt from that there staff is being threatened too...Most of u who read my blog must be knowing abt the politics of it so i shall nto go into that.Ill bring out a totaly new angle....

Whose funding the protesters??Figures put it at Rs 1 crore a day is being spent on them...its too huge an amount for any party to spend on a daily basis.The CBI and the IT dept should go ahead and look into the accounts of these parties.Goin on with the next question..Who wil suffer the most if the NANO rolls out??The answer is pretty obvious the 2 wheelers companies...
SO my next question..Have they got anything to do with it??YES very well may be true..as Ratan Tata put it in an intervioew a few months back that certain corporates are tryin to sabotage this whole project..I cant give u the names cause i dono who they are..they are rumours abt certain companies and would like to keep them like that and not mention them here..

Now its no more just a political issue..its as much as a corporate battle as a political one..I think the TATAs ,who have been known for there humanity and are undoubtedly the most respected Indian corporate, should get out of that place and say TATA to Singur..monetary loss set aside..Its gonna hit them hard but then once the problems start they wil never end..a temp solution may com eout but peace and stability wil not be long lasting..

Comic strips On "Fuel and our Wallets"!!

End Of UPA? Election tamasha!!

Are we ready for an election??? Some would say already abhi to ek khatam hua hai..but the way things are going..The Lok Sabha Elections make take place sooner than later..surely by the end of 2008 and not 2009 when they were scheduled to happen. And y do i think so?? The answers simple..The Prime Minister wants to go ahead with the Nuclear Deal(its called 123 agreement) despite the Left stickin to its stand that it doesnt want that to happen and if the government would go ahead with anything then they would reconsider support..put in better language it means..they would pull the government down..
The ships already sinking because of the state of the economy and inflation..the nuke deal will maroon it in no time!!!

So are we geared up for the elections?Better be..and this wil be a blessing in disguise cause the government wil take some citizen friendly steps and "we the people" will be in a better position to face the economic turmoil thats making the world go crazy.Btw we still do get holidays for elections so more days to relax and take that much needed rest...

Inflation?? the big picture..

Dont u keep wondering wads this inflation shit all abt...hope the followin answers ur questions ot a certain extent!

Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole.

The easiest way to illustrate inflation is through an example. Suppose you can buy a dosa for 15 bucks this year and yearly inflation is 10%. Theoretically, 10% inflation means that next year the same dosa will cost 10% more, or 16.50. So, if your income doesn't increase by at least the same rate of inflation, you will not be able to buy as many dosas However, a one-time jump in the price level caused by a jump in the price of oil or the introduction of a new sales tax is not true inflation, unless it causes wages and other costs to increase into a wage-price spiral. Likewise, a rise in the price of only one product is not in itself inflation, but may just be a relative price change reflecting a decrease in supply for that product. Inflation is ultimately about money growth, and it is a reflection of too much money chasing too few products.

Note:-Inputs from google..am lame when it comes to this shit:p