Tag Archives: Economy

Wishlist for the upcoming boom times :)

29 Apr

I am a die hard optimist! However, my energies have not surfaced for a while(since the slowdown happened),  but I found a reason yesterday when I read this on Curious Capitalist http://is.gd/uD59. While most economists have been sticking to a timeline of 2010, this piece of news indicates a recovery much earlier – 2009 – July. 

The indicators are believable – Mapped to previous downturns, statistics indicate that economic indicators are at their lowest, from where it will pick up soon :) – in simple terms… 

I am happy and already planning life after three months. What will be up my sleeve as soon as the slowdown ends?

1. I have been saving so far since the slowdown began, in fear of losing my job? Therefore, some of my aspirations did not see light of day, and therfore the first things I got to do are to buy a car and a house(if the current rate at 8% persisits)  and also try and do some other life altering stuff that I cant mention publicly.. you may try and guess it though. 

2. Once the slowdown is over, I will start paying the rickshaw puller 20 bucks instead of 15 for commuting between office and home.

3. I will try and spread good word about ICICI, which touched bankruptcy 4-5 times since slowdown started(thanks to me – the originator of such rumours)

4. Also, I will try and make my blog more popular by sponsoring Kolkata Knight Riders (for every IPL – at least they get to play 6 games). Imagine seeing Thinkingaxe.com instead of Nokia, and me instead of SRK :) .

5. Once I have made enough money in the next boom, I will take up politics as a career, and fulfill my aspirations of opening a shoe shop ;)

Well there is lots more…but I shall close this here today, for the fear of boring you guys.(I am yet not ready for a shoe shop)

Thanks – and do add in your wishlist in comments :)

The effect of a slowdown!

21 Sep

Some economic terms are very complicated like ‘slowdown’. Even though I hear the term 15 times a day and write it over 20 times( blame my job), when someone asks me how its affecting me, I am speechless.

That pushes me into writing the post. I analyse. Think….here’s the turn of events last week in common – banal words followed by how its going to infect us.. uh oh.. affect us.

Lehman gave up on themselves, declared themselves Bankrupt (Please explain! how does a bank go bankrupt). Simply put, their assets lost value cos of the SUB PRIME crisis. The balance sheet was disbalanced. Well that went a long way in shaking the world. What happened next?

- The world markets shook. Values eroded… the rich became poor .. the poor remained poor… That fostered greater EQUALITY. :)

- Oil Prices fell. fell. fell… and the Government still hasnt taken a cue to reduce prices. Thus there is greater money in the Govt’s kitty. Hence more development (assuming that Government is an NGO type. No Profits motto define their key activities). Thus, we are in for better CIVIL service.

- Suddenly, there are no jobs in the market. Stay put in your jobs is the new mantra. That fosters love for the Hari Sadu aka Boss… Greater love enhances greater work productivity at the work place.

- More banks are unstable. People are pulling out money from their banks (like ICICI). Hence, more cash in hands. More cash flow in the economy. This wll generate more consumer demand.

I, Aakriti, had guaged the situation immidiately and pulled out all the money from the Bank and have been shopping for the fear of theft, bombing in my area .. blah blah… and am sure can’t put my money in safer spaces/ commodities/ equities.

You just got the idea! Thanks. I am smart.

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