This blog is probably way out of my league but with all this depression in the moods of the people regarding a looming recession and depression that is tearing away at the world's economic creation, I must say I feel responsible to step up and say stop the oppression and compression of the economic situation and also that T R's rhyme and rhythm style add a new dimension to the whole thing.
Closer home things are going pretty much in a low way. The latest Industrial output growth was negative and Ruppee is way above any safe level. I mean it took years to come down from Rs.55 and now it is back in that level. The FDI move was shot down. It could have bolstered some of those lagging figures right out of the chart but I guess it just wasn't the time or place for it to happen. The inflation is slightly coming down, however it is not actually enough of a cheer to chase the blues away. The top side to this entire story is that all the IT majors have been hiring like crazy and news keeps floating about how optimistic they are of the long term prospects. That ladies and gentlemen is probably something that does scare me because most of these IT majors have their roots deep in European countries and those bad boys are not in a great situation to keep spending on software. Other than these it is business as usual in India full of stock market tamasha. All the rating agencies need to do is downgrade a few stocks and the stocks for the entire industry start a downward slope and if they feel they like painting things pink for some other stock and poof we are in the rosy side for the entire industry belonging to that particular stock. The hot tidbits of Veena Malik disappearing and Vidya Balan's oomph factor in the Dirty Picture are a toast to the unfailing Indian spirit of gossip which plays the center-stage in everyone's life. There are somethings I love about our country and the varied opinions to any particular issue under the sun is the highlight of it all. Anna Hazare the latest rockstar although a hugely popular guy was accosted by a handful of people protesting that he was anti-democratic as he was against reservation in the Lok Pal!!!!!! I mean democracy is equality for everyone but it can be interpreted in the above fashion as well I guess. In all this we have a censorship and moral policing effort to stay in the limelight by none other than Mr Sibal who wanted social networks to turn into filtered content sharing sites with a conscience (like they don't have anything better to do). The king of good times being in trouble is also a hot topic with the airlines hoping for government subsidies after all the king Mallya does a little bit of agriculture too with growing grapes and all. So this is the situation we have in our country. May have overlooked plenty stuff but this is India so no matter how many days you sit summarizing there is always gonna be a whole load more.
On the world stage some interesting things have happened. Osama is no more and the USA is saying bye to Iraq not to mention a hike in the number of fights with the favored nation of the USA namely our neighbor. Though the US economy was downgraded and was supposed to be heading towards depression some amount of rally has been made and they are out of the brink. The dollar rate is up everywhere and though there is unemployment over there, the guys there are no longer that worried about their jobs getting "Bangalooored". The real crazy situation has been in the E.U. It is with a bit of grief I say that the Bunga Bunga party guy Berlusconni has been given the boot. Apparently partying with the State's cash is a strict no no when that cash has become scarce. Greece has not partied much yet it is not in a great position either. So it is upto Germany and France to help Europe out of the troubled waters amid talks that Euro might go for a toss although Merkel is a staunch support of it. Japan is doing all right after the quake so nothing much to say (although the quake really quaked the Kudandkalam reactor closer home).
In the end it is the other big heavyweight that has caught the attention of the world is good old biggest neighbor dragon dude. This guy has been making quite a few investments across the world not to mention a possible crucial role in the E U crisis. Although it seems to be a huge heavyweight, there might be signs of weathering internally. The people over there hardly seem to be spending money on internal consumption so China is increasingly dependent on exports. If the world decided to favor internal consumption due to rising costs of imports as in the case of India then that country might just be producing without consumers. The nation is a mystery at best with conflicting reports and a high degree of "I am a strong guy and do you want to take on me" attitude. Well that is something that either the strongest do or even the weakest. With all the veil surrounding the Chinese banks and generally its economy there might be something cooking rotten under the carpet. In the famous words "Building strong aana basement weak".
Ultimately this is not an economic blog but just a few of my ramblings on a bit of economy and politics. Anything written above which bears any resemblance to the facts is unintentional as this is a work of fiction. (winking smiley) The direction the economy has taken is probably owing to ever growing smartness and a passion for intricacy of the people living in this age. No one wants to keep it simple anymore. Money which used to be backed by gold standard would have meant something and been easier to understand. In this day and this age when I hold Rs.500 in my hand I have my doubts whether it is really worth the value or is it just paper? Ultimately it is a lot of things happening in too short a time to make any sense of anything else. The banks are money creating agencies that just keep making one ruppee into one lakh. Ultimately the globe is one big stock market that runs on what most of the credit rating agencies, "experts" say not to mention the sentiments of the populace and the actual value of the investment is inflated by so many thousands of times with no one able to actually understand what is happening. So when you don't really understand what is happening just raise your voice and talk like an expert, divert the topic to either Veena Malik or Vidya Balan or start taking sides in the never ending battle of the political parties. This way you are part of the never ending saga of the soap opera called the world where everyone is smart, which by the way is said to get over by 2012, so for the coming year 2012 cheerios and happy living.
Closer home things are going pretty much in a low way. The latest Industrial output growth was negative and Ruppee is way above any safe level. I mean it took years to come down from Rs.55 and now it is back in that level. The FDI move was shot down. It could have bolstered some of those lagging figures right out of the chart but I guess it just wasn't the time or place for it to happen. The inflation is slightly coming down, however it is not actually enough of a cheer to chase the blues away. The top side to this entire story is that all the IT majors have been hiring like crazy and news keeps floating about how optimistic they are of the long term prospects. That ladies and gentlemen is probably something that does scare me because most of these IT majors have their roots deep in European countries and those bad boys are not in a great situation to keep spending on software. Other than these it is business as usual in India full of stock market tamasha. All the rating agencies need to do is downgrade a few stocks and the stocks for the entire industry start a downward slope and if they feel they like painting things pink for some other stock and poof we are in the rosy side for the entire industry belonging to that particular stock. The hot tidbits of Veena Malik disappearing and Vidya Balan's oomph factor in the Dirty Picture are a toast to the unfailing Indian spirit of gossip which plays the center-stage in everyone's life. There are somethings I love about our country and the varied opinions to any particular issue under the sun is the highlight of it all. Anna Hazare the latest rockstar although a hugely popular guy was accosted by a handful of people protesting that he was anti-democratic as he was against reservation in the Lok Pal!!!!!! I mean democracy is equality for everyone but it can be interpreted in the above fashion as well I guess. In all this we have a censorship and moral policing effort to stay in the limelight by none other than Mr Sibal who wanted social networks to turn into filtered content sharing sites with a conscience (like they don't have anything better to do). The king of good times being in trouble is also a hot topic with the airlines hoping for government subsidies after all the king Mallya does a little bit of agriculture too with growing grapes and all. So this is the situation we have in our country. May have overlooked plenty stuff but this is India so no matter how many days you sit summarizing there is always gonna be a whole load more.
On the world stage some interesting things have happened. Osama is no more and the USA is saying bye to Iraq not to mention a hike in the number of fights with the favored nation of the USA namely our neighbor. Though the US economy was downgraded and was supposed to be heading towards depression some amount of rally has been made and they are out of the brink. The dollar rate is up everywhere and though there is unemployment over there, the guys there are no longer that worried about their jobs getting "Bangalooored". The real crazy situation has been in the E.U. It is with a bit of grief I say that the Bunga Bunga party guy Berlusconni has been given the boot. Apparently partying with the State's cash is a strict no no when that cash has become scarce. Greece has not partied much yet it is not in a great position either. So it is upto Germany and France to help Europe out of the troubled waters amid talks that Euro might go for a toss although Merkel is a staunch support of it. Japan is doing all right after the quake so nothing much to say (although the quake really quaked the Kudandkalam reactor closer home).
In the end it is the other big heavyweight that has caught the attention of the world is good old biggest neighbor dragon dude. This guy has been making quite a few investments across the world not to mention a possible crucial role in the E U crisis. Although it seems to be a huge heavyweight, there might be signs of weathering internally. The people over there hardly seem to be spending money on internal consumption so China is increasingly dependent on exports. If the world decided to favor internal consumption due to rising costs of imports as in the case of India then that country might just be producing without consumers. The nation is a mystery at best with conflicting reports and a high degree of "I am a strong guy and do you want to take on me" attitude. Well that is something that either the strongest do or even the weakest. With all the veil surrounding the Chinese banks and generally its economy there might be something cooking rotten under the carpet. In the famous words "Building strong aana basement weak".
Ultimately this is not an economic blog but just a few of my ramblings on a bit of economy and politics. Anything written above which bears any resemblance to the facts is unintentional as this is a work of fiction. (winking smiley) The direction the economy has taken is probably owing to ever growing smartness and a passion for intricacy of the people living in this age. No one wants to keep it simple anymore. Money which used to be backed by gold standard would have meant something and been easier to understand. In this day and this age when I hold Rs.500 in my hand I have my doubts whether it is really worth the value or is it just paper? Ultimately it is a lot of things happening in too short a time to make any sense of anything else. The banks are money creating agencies that just keep making one ruppee into one lakh. Ultimately the globe is one big stock market that runs on what most of the credit rating agencies, "experts" say not to mention the sentiments of the populace and the actual value of the investment is inflated by so many thousands of times with no one able to actually understand what is happening. So when you don't really understand what is happening just raise your voice and talk like an expert, divert the topic to either Veena Malik or Vidya Balan or start taking sides in the never ending battle of the political parties. This way you are part of the never ending saga of the soap opera called the world where everyone is smart, which by the way is said to get over by 2012, so for the coming year 2012 cheerios and happy living.