My colleagues dont understand the meaning of recession... i mean they understand the literal one but not the abstract one....why dont they understand that the world economy which has been ballooned for the last 30 years at the cost of basic principles of economics, human values, moralities etc etc has fallen flat...
First foreclosures in housing, then credit card debts and then 401(k) investment ... If all these are not big enough ... then take this .... All the financial derivatives traded in the world is about ... hold your breath ... 632 trillion $ and that is 10 times the current GDP of the planet....So does that tell you how big and deep we ran into the problem .... Now when this bubble goes bust ... and mind you it wont take 30 years for this.... It will be a hard and painful process lasting for just a few years.... but mind you it will be like a nuclear bomb which shows its effect even after the blast for many many years to come....
Now you must be thinking .... why the hell did it occur upon us... ???
They say in Hindi "Apne Baap-Dada ka kiya hua bachchon ko Bhugatna padta hai!!!"...
So lets take it the way it comes and change our lifestyle and course of thinking .... becoz its the "thoughts we nurture" that will help up survive the crisis with less pain...
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