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.

7 Responses to “The effect of a slowdown!”

  1. Anshul September 21, 2008 at 10:20 pm #

    lol…a very insightful humorist take on economics!…

    Now I know where all our money is going…your boyfriend will have to beware of his monies 🙂

  2. Kartik September 22, 2008 at 12:36 pm #

    nice take on the whole slowdown thingy.. well written, as always 😉

  3. Sukhpreet September 22, 2008 at 3:01 pm #

    Well done! Simply marvelous… a masterpiece… it can’t be better than this…. just kiddin… good work… u have mirrored my thots regarding this whole issue… 🙂

  4. Anjali Berry September 24, 2008 at 4:37 pm #

    hey..a gud one! ya sure the thought of a slowdown and the global banks going bust do give u goosebumps……make u think whats in future for our kids?????……i have one who is 14yrs old……can they sustain this lifestyle we’ve given them…… a mother i really worry and wonder…….wats in store 4 them??????

  5. Aakriti Bhargava September 24, 2008 at 4:47 pm #

    @anjali – in store for them is India as a Super Power 🙂

  6. Aditya November 1, 2008 at 5:37 am #

    where does the money go?
    if so many ppl are losing money.., somebody shud be gaining it…
    its like entropy…~

  7. Aakriti Bhargava November 4, 2008 at 1:05 am #

    Hey Aditya, There was no money in the first place…… it was all a perception of money… !! thats how values get eroded overnight…

    ill email you an interesting explanation of it… sent to me by someone.. 🙂

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