Wednesday, March 30, 2011
What kind of Recession Fall in IT industry
One fine day, the banking corporations of America as a bolt from the blue, started flaunting one by one about their ease of lending housing loans. Loans to all the Americans who cannot own an apartment, even with their lifetime earnings. So, the birds of same feather flocked together to buy their piece of land which would stand against their name on the face of the earth. But, the amount of enthusiasm that one has in getting something is diametrically opposite to the amount that s/he shows in returning. As expected, the defaulters' percentage climbed in multiples of ten of Grameen Bank's. Then, the banks started loosing their money. People started fearing and started withdrawing their savings. Credit crunch is created by a freaking concept of owning land on American soil. The ripple effect affects the rest of the world. Every corporation in the world starts to hear the dreaded word "recession".
"Global economic slowdown yaar". "Cost reduction is on". "Global recession". "Economic slump". "If the conditions carry on, The Great Depression isn't that far". But, during all these times a chaiwala from Mumbai can win two million dollars and eight oscars. What a pity?
The rich is as safe as he was, but a little tension about how to maintain the earning tempo going. The poor is as safe as he ever would be, because more would be joining him. He can shoulder them and listen to their poor stories and be grateful that he wasn't what they are. Who are the affected ones? The common man a.k.a aam aadmi.
Why should he be affected just because someone wanted to own a piece of land which they own even now happily? Next step the GOI takes is to pump in hypotheitical cash - 100 crores into RBI, 500 crores into services industry, et cetra crap. Because, aam aadmi still remains a fool thinking that somewhere that 100 odd crores that is being pumped in will reach him in some form. He still doesn't understand the psychological game of recession. There is nothing as recession. It is an illusion created by banks to get their money back, that they poorly planned with the sub-primal Americans. A house for every American robbed the house of every other common man. Why should we suffer for their intelligence failure in planning? Optimists say, no reward without risks. But, why should Raja bore the brunt for Andrew's risk? That is because Raja et al., are meticuluously webbed in this net of globalisation, without their knowledge. One kills a person and is called an assasin, one kills hundreds and is called a terrorist, but, one kills millions and is called a conquerer. That is the basic difference. We all need to realise that we need to start spending to combat the global recession. We are the ones who need to pump the cash in and not the imbecile GOI. One last suggestion, if you are not able to spend properly or maintain the cash inflow, kindly transfer the money to my bank account. I will do the needful :).
And as the textbook says, friends don't judge each other. So, save the world from recession, after all Americans are the most friendly people on earth