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.
