Category: Economy

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A Piece Of My Mind -Placidity-Morsel -5


Calmness ,a soft euphoria ,that rallies in the mind , reigns the heart and rationalises the economy.Unnecessary furore, uncalled ripples and unethical developments have ruined the economy.

A sullen person is an embodiment of solemnity and  grace. In a garrulous society, an mature silence is an oddity . In a gibbering community a sober conversation is an anachronism. In a noisy avalanche , the rustling of leaves is an unfitting sound. In a stormy blizzard ,the sweet flowing of the river is an anomaly. In a whacking habitation ,the warm cordiality is a distinct reference. In a tumbling economy , the assuaging voice of  coherence is a rare phenomenon.

The swirl and stagger of the economy, the high cry and low whimper of the financial, the abnormal surge and the unexpected fall of the commodity quotes, the effective ablaze and the enthralled collapse of the banks ,and finally the resounding absorption and decrying disposition of employment has left the world in a rambling ,receeding ,  jerky collaboration.

How to restore this offending tenacity? How to reconfirm the mandatory compulsions?How to work out a formulated convergence ?How to devolve an enticing accumulation?

These introspect ions takes us on a tour to all the nations of the world. They force us to research on different economies, to compare the re surging portfolios, to elucidate the propositions  that will ensure crystalline progression and gelatin infusions.

The principle  of calmness or placidity  has to be implemented. An attempt has to be enforced to get away from the turbulence,  settle in a placid penthouse and deliberate on the way out.

A certainity will dawn . A serenity will embark. A solution will descend. The discerning analysis will propel a determined appraisal and a radiant enlightenment.

Placidity restores wealth.

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Economy subscriptions thoughts turmoil

A Piece Of My Mind-Fear-Morsel -4


Living with fear is  a perennial drawback . Fear ,holds us from performing, pulls us from perseverance, and paralyses our idealistic approach. We  become a bag of flesh and bones , reacting to nothing and restraining from any progress.

Fear clogs our mind . It blocks our mental agility . It concurs on basic programming of undesirable reformation and undermining registeration .

This psychological cohesive factor blurs our vision to visualise the dream of promotion and prosperity. Fear , in children , may have no reason. Fear of darkness, fear of being alone and fear of fire , fear of water and fear of harsh sarcasm are common among children. This abstract feeling will diffuse as the child attains maturity,.

The adult has a different kind of apprehension altogether. The preparation for exams takes the prime spot. The  results ,steal the limelight. Still, as years progress, we develop a strange insecurity.

This tossing reverie afflicts  the business fluctuations,  irradical  fluidity in the stock market ,and hard tampering in the housing mortgage An eerie of dilemma  encircles the economy as though we are in a world of maze, in an environment of demystifying cloud  and in a disheartening jowl of dismay.

The unmindful investment , and the capricious outlook of the senior executives, and the slanderous impact of Madoffs and Stanford ,have unscruplously knitted a network of fear and withdrawal, restlessness and recurrence, dimness and black out.The people , world over , look panic stricken, and exasperated. The are at a loss to come out of this peril. They fear to throw their  tremble  and  shudder to put up a brave face .to witness  ups and downs, brakes and breakers, cutoffs and cut downs, and perks and infringement.

Fear gobbles wealth.

 

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A Piece Of My Mind -Greed-Morsel-3


Greed is the most foul quest. Telling lies, cheating, being treacherous, being venomous,are all qualities that need to be uprooted from the mind. But greed  is the extreme vibrant virus that should be totally shunned.

Greed overwhelms the thinking faculty, overpowers the analytical perception, corrupts the mind and shoots up to bring utter disaster and chaos.

It is found in the micro and macro levels . It is depicted in fables and elucidated in novels, described in poems and focused in moral  lessons.

A famous illustration of greed is  the story of  Midas.His is a typical example of greed for gold. His lust for gold has a stunning effect on the readers. His wish that everything  he touches should transform into gold  , may sound a little extraordinary and very much exaggerated . But , it is a stiff and erect prediction of the negative impact of greed.

The economy has downturned , not because of any policy .It is greed which has given a callous blow  to it and a striking reference to the  gloom.

Wanting more, amassing extra, hoarding enormous, and scouting for largesse has led to a recession unpredicted. Aspiration and ambition have to be encouraged. But over dose of this ethics will spell destruction and spit venom.

The best way to switch off these viral infection is to work in the proclaimed path of righteousness and provincial authenticity.

Greed erodes wealth.

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A Piece Of My Mind-Excitement -Morsel-2


Excitement makes you crazy, pushes you to  the extreme, lulls you to hypersensitivity and marshals you to incandescence. This virtuoso is dramatic in promise,  vivacious in speech,ineffectual in approach and erratic in action.

As a child ,I got excited ,when I went to the beach fronts.The white sand, the blue ocean ,the tides ebbing over and receding down, professed a charming expression. Children  used to play in the sand, dig wells and to their delight,, water gushed out, . In their excitement,  they moved a little beyond, engaged themselves in digging again. They rushed to the previous spot, and found out to their dismay that water had dried up. They also indulged in another sport.After heaping sand over their feet, they slowly pulled their feet out, to find a small mud hut with an entrance. They jumped in joy and promised to return the next day. The day after  proved a disappointment to them as their mud houses have fallen prey to the high tides.

The economy, so to say, is a part of this child like excitement,at present.The stocks shoot up in the morning, and the winning streak is there for a few hours , then it depletes. The  index builds up, edges slowly higher, and oscillates thus for a few days, then thud , it falls down. The fluctuations lead us to invest , to wait for a hike in percentage , and an unexpected bonanza that may land suddenly and take us out of the blue. This feverish tendency compels us to be in tenterhooks, always watchful and market based. The aggressive impulsion palpitates our rhythm and renders harm to the biological system and mental make up.

A practical advance in these impractical situations, is categorically  a significant catch. A less strain ,a minimal interest and a fraction of withdrawal from the fret zone will harbour us from failure and defeat, from morbidity and dereliction,and from taunt and scorn.

Excitement robs wealth.

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Economy subscriptions thoughts turmoil

A Piece Of My Mind- – Over enthusiasm-Morsel-1


Enthusiasm enlightens the mind and cherishes the spirit. But, an overdose of it tackles your wit and disrupts your reasoning.As an overworked body gets tired, an extra loaded mind denounces radical thinking.

The enthusiasm extravagant in the economical sphere has caused a difficult context and a gruelling strain.People,.world over ,are groping in pain and pulling on in shoe string budgets. References of stimulus and rehersals of the rescue  are leading us nowhere.

An  anecdote of my childhood days comes to my mind. as a girl of seven, I was decked  with most expensive jewellery and dressed up in abeautiful south Indian apparel of pavadai and blouse, green Kanchi pattu  with zari and a matching green blouse with chumkis and embroidery. I accompanied ,my mother to attend a wedding of my cousin. My mother had warned me not to participate in any play and be careful. I nodded my head coyly. I sat beside my mother, who was busy talking with her sisters and relatives. I ,saw my  cousins ,playing hide and seek . I could not resist my temptation, I slipped from my mother, sight. I slowly mixed with my age group and forgot my mother,s warning. At the height of the play, one of my cousin , stepped on my pavadai, the kanch silk gave way. it tore . I fumbled and was terrified to see my mother, who waas still engrossed in the conversation. Tears roolled down, my eyes swelled up and my face got reddened,. I sobbed, my mother noted my precipitation. She came towards me, my legs got weary,I was trembling. She cast a severe look .Then took hold of my hand ,dragged me up the aisle.Her eyes looked daggers. 

The investing community ignored all forebades and stop brakes. They wanted to make quick money ,and theydid make when the going was good. They should have blocked  the locking of money is stoocks, when the markets tended to go down. They mistook the decline, as a time to buy more. More and more they bought, more and more they got trapped. The unpredictable economy tumbled, the investors also fell with it.  The finance got nudged, so also the players who felt numbed. The stocks hit rock bottom, the marketeers ffell down . The economy looked daggers, the community of investors pose pathetic.

Had they listened to the voice of caution? Had they refrained from putting their money in the same basket?Had they paid attention to intricate definitions?Had they worked with determination?All these mishaps, all these turbulence, all these posterior reactions and all these indelible washouts would have been averted.

Over enthusiasm destroys wealth.

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A Prince Then, A Prisoner Now.


Recession is a pain.It surpasses the limit of expression. It is so intense ,that words belie.It is so excruciating ,that feelings get benumbed. It is so horrible, that apprehension surmounts.

There seems to be a void everywhere, a gloom extempore, and a gruelling confirmation all around.

It has hit hard on all classes of society.The rich ,most surprising, are most  affected, The average are in deep trouble. The wage earner has been hit hard on the face.It has deepened and made a dent so hollow in the settings of many a sound chequered person.  The pull up is extremely chaotic and gristling.

Now , coming to the other part of the tear glistening depiction ,we find an anger sparkling intervention, which explode the normal caricature. It is the Raju saga in India , Madoff  and Stanford in U.S.The three are contemporary frauds, colliding and conniving egos, and immersed in slander, deciet and misappropriation .They have squandered millions in easy swipes. They have robbed the common man of his hard earned money. They have played deftly on his ignorance. They lived in Palaltial bungalows, had heir own jets, contributed in tonnes to philanthropic causes, ran trusts,  built educational edifices, opened up hospitals for the poor.They projected themselves as the saviour of the poor, and carefully built an image of a prudent, sagaciuos,dependable expert. The world believed them, the people trusted them and their employees worshipped them. Raju, Madoff and Stanford committed perfidy in the same manner, got trapped in the same way, and are  behind the bars in the same fashion, except Stanford.

They climbed high. They rose quickly. They flew with  borrowed feathers in great haste. Up , Up, up, they soar steep into the skies. Their leap was blindening. When we see a powerful lightening , our eyesight is lost, so we slipped to perceive their shortcomings, their flaws, their cheat and their disguise.We lost track. They exploited the fluid temptations and went up in excellence, in lucrative income and in status.

Every thing has to come to an end.The three princes have to wind up their show of grandeur,as they fell in an ambush ,laid by their coterie   They were diligent in rise and tactful in fall.Raju was held by his shareholders, Madoff  was pulled by his sleeve and  Stanford was poked by his depositors. Out came the truth.

The charming princes ,who wallowed in the lap of luxury ,have landed up in a cell. They, who were in absolute  comfort, are now spending time in the illventillated smoky corner.They, who flew so steep, have fallen flat. 

Memories are short.Things transform so quick. It is hardly believable.Yet it has happened.

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Buffet Crying Hoarse.


Warren Buffet, what has happened to you? Why are you so much perturbed? What is the reason for your disturbance? When the whole world  was shattered by the meltdown,when the banks failed week after week, to be precise , every Friday,when the crude oil fell from 147$to 35$, when precious metals went up and high, when auto makers ran  to the Capitol,for funds, when the governments world over are  indulging in bail out, rescue plans, and stimulus packages, when the stock markets crashed, when the housing loans failed, when the economists were breaking their heads, where were you Buffet?

You were sitting cozily in your lounge, counting your blessings, and your Berkshire Hathway investments was in a vantage status.You came out with advices, with schemes and you are now in the advisory panel to  President Obama.

You  invested in failing banks. You saw to it that you got an assured return of 10%.  We stood astounded, we were tongue tied, we became dumb, and our gutsy insinuations got numbed by your disciplined procedures. You said that” this is the time to put your money  on stocks ,as they are going cheap”.  There were not too many followers this time, Buffet. The investor has been bitten badly, and as the saying goes, once bitten twice shy, the stock player refrained himself from entering the game. If he had taken your cue, he would now be wallowing in  disaster and would be thoroughly disoriented.

By the way, what has prompted you to get disillusioned with your pet sport.? You stated a fortnight back , that economy is in shambles, and yesterday ,gave an indication ,that the economy has fallen from a cliff.It looks exactly like the sermon on the mount, a sudden revelation, a quick enlightenment, like Buddha ,who found truth under Bodhi tree.

Did anything go wrong? Did  you make a blunder?

Et tu Buffet!!!

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Speculation


Speculation is a game. It is highly risky and highly dangerous. It is essentially a gamble.It jacks you up to unprecedented levels. All the same it drags you into  unimaginable  destinies. The win or loss is tremendous.The heart should be strong to face both fortune and mishap.

Speculation is not for all. People with ideals and with the penchant to make money in regular phase will never opt for it. The quick money , you make in derivatives, in stocks and commodities make you swim in luxury and wallow in wealth. But ,you  tends to forget,that  the way anything comes, the way it will go. The money ,thus earned in short duration , temptsyou  to reinvest the same in  varied portfolios . So goes the investment cycle,that one day it comes to a grinding halt. The funds are nowhere to be seen. We have a bundle of papers ,called share certificates.Now even the physical handling has given way to demat procedures.You have only the account details.

A year back , you were worth about a million, but today you have less than a thousand.No one is spared from such derailment, even the investing guru, Warren Buffet and his Berkshire investment company have fallen prey to the economic Tsuanami.

2007 -2008 saw a stock market boom. As early as 2008 , there was a down turn. Money started diffusing, Stocks withered. Nothing could stop the fall. A sad sordid state of affairs moves on. The loss is spine breaking, heart rending, and nerve racking. The abstract pain has surmounted the physical suffering. The vicious circle goes on with full vigour and with high tenacity.The gruesome ,gripping circumventions plague the silhouttes and nestling spaces.

Let us learn a lesson from Twain’s nugget, better not to speculate when you can afford, and when you cannot.Let us keep what we have safely in our niche and lie down peacefully, till something changes for the better.

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Head Over Heels


Can anyone explain the phrase “head over heels ‘ “?thundered my English Professor.Many a hand  shot up. The Professor was delighted.Enthusiastically he bade his students to come out with teir interpretation.

There started the gibber and jitter. A romantic young man, came up with the most fascinating deal. His rendition of a meeting with a most beautiful girl in the town, was nostalgic. The portrayal of beauty was so exciting and dramatically he pulled in the phrase that he had fallen head over heels for the girl. He requested the Professor to negotiate the alliance for him.

The next scholar came up with portrait of a fantastic hills. He raved  in rhetorical poesy, and delivered a rhapsodic description of the snow clad hills rising up,as though touching the clear blue sky. The colour concept was a fantasy aand concluded how he fell head over heels at the awe inspiring nature’s delicacy.

The teacher was revelling at his students erudition.He inimitably congratulated himself for his teaching skill’

Then came the most mundane of all the class . He was a lad, who eschewed imagery, imagination, allegory and metaphor. He learnt the language , not for  literary pursuits, nor for the love of it. He wanted to acquire communication skill. he did succeed in his attempt. His effort in deciphering the meaning of the phrase,made us open our jaws, raise our eyebrows and frown our forehead, but it also pointed out to the most remote direction. He bluntly put forth, that sixteen banks have failed so far this year, in just two months . I feel ,that the economy has fallen head over heels.

It was a disturbing fact., The class was shocked. The splendid atmosphereprevalent so far, of beauty of a person and the grandeur of nature ,came to a sudden close. The gory economy has ruined the high ideals and lovely themes.  The professor ,sat dumbfounded. The class was  driven to a quick serious efficacy.

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Stanford Stammers.


Heard of gangsters. But  not banksters.. Let us call, this particular gangster, as William Baltimore Sit up ,who,has to encounter difficulties and physical strain to indulge in burglary. His loot is  a wholesome amount , or some valuable jewellery,or  a certain expensive material. If caught , his life is at risk . His procedure should be carried out in the thick of the night ,by breaking open the doors, by negotiating with the watch dogs, and  by bashing the security personnel.He can have  brief play with the robbed wealth and revel in  limited comfort. All goes well , until his stolen goods last, until he escapes the attention of the public and police.His theft will be around $8000 -$80000.

But Our friend , Robert Allen Stanford and three of his companies have defrauded investors in an $8 billion certificates of deposit scheme.He and his family have “perpetrated massive fraud based on false promises and fabricated historical return data to  prey on investors”.This silent plodder is the grandson  of Lodis B. Stanford, who started The Stanford Insurance company, in the midst of Great Depression. Now , his grandson  has amassed $8 billion in the midst of Great world wide Economic melt down.

Shall we praise the Granddad or  eulogise the Grandson?

Robert Allen Stanford ,is the first American to be knighted by the British commonwealth nation and was appointed Knight commander to the Most Distinguished Order Of The Nation.He is a philanthropist,a keen sports promoter,a cricket fanatic, educationist,conducts research projects and runs St Jude’s hospital for children.

Charity begins at home ,is the common saying. Fraud and deceit originate from home and as a cover up to these ruthless deeds ,charity is planted forcibly elsewhere.  

Incidentally the motto of Stanford is Hard work,Clear vision and value for the Client.

His hard work is manifested in drawing schemes , in cheating the investors and duping them of their hard earned money.

His clear vision is visible in his modus operandi, by serving false promises and  proposing unimaginary returns .

His value for the client , is best exhibited  in  theat he produces returns that are simply too good to be true.His bank does not operate like a standard bank.The SIB ‘s documents show scant details on  how the bank has acheieved these returns.

He took care of his motto, but the greedy investors misunderstood the whole concept and stand fooled,.