Category: turmoil

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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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Economy subscriptions thoughts

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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Economy subscriptions thoughts

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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Economy subscriptions thoughts

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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Tackling The Unwitted


It is easy to deal with intelligent people, than with imbeciles.This is a task, I am performing right from my adulthood.A family ,which I am familiar, rather to which I belong by martial ties,is a perfect showcase of ignorance. It is explicitlyseen,but they foolishly feign their weakness by exhibiting arrogance.

Authority corrupts the sane. .Just imagine the outcome ,if it is vested on an individual with nothing to his merit. By nothing, I mean,education, not highly learned,but the basic rudiments of language and mathematics, exposure , I intend, not interaction with scholars and business magnates,but the exchange with minmumqualified persons, and finally admission,not approving every move ,but moderating the correct advance at the right moment..The family’s self appointed head, assumed importance ,just because he is the eldest male member of the family,is the watershed of all these anointed ideals,has destroyed the progress of every single member, right from a fifty seven year old brother, to a month old grand neice.

Eleven long years , he is managing the properties of the family and manipulating the income ,thus rendering damage to all.If called for account details, he scribbles something in an one side paper ,and presents the same to the solicitor, and mediators. The legal counsel,is not abreast with accounts, nor informed of the income from the business,such that he is not able to make headway into partition. The mediators. preoccupied with their own activities and a little above the level in understanding than the protagonist ,fail to delve further into negotiations.

As a reward. the educated ,highly placed g branch of the family stands an unfair chanceand succumbs to immeasurable loss . It is not the finance that is being usurped , but also the peace of mind that is being thawarted by untrue allegations and prejudiced remarks..

How to tackle the unwitted?

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Economy In Shambles


Buffet confirms that the economy is in shambles.Pretty hell!. Did it take so much time for Buffet to realise the fact. Buffet, the investing wizard, tried to fish in troubled waters. Fish ,did he, by buying out shares in falling banks with assured return of 10%.Plug ins and loopholes in the sliding market , posed a deal for him. He made merry money while others witnessed a desperate tumble.

I,for one ,admire Buffet for his tenacity and acumen. But ,I got the spokes ,when he entered into an investing spree amidst dismal failure.Where did he see the light? How was he able to track down the portfolio?was he superhuman?Thank goodness, many did not follow his lead. If done, we would have flushed tonnes of money down the lane.

Now , Buffet has learnt the lesson. He thought , he could modify the economy ,by applying not relevant techniques, not so close macro and micro economic theories, and not radical thinking. His contention was out of box thought. But the devil proved otherwise. No one is above me,is the Economy”s challenge. True , no amount of bail out , no offerings of stimulus package, no task of interest rate cuts, no successful bid of containing crude oil price, could revive the economy.All these negations have added fuel to the fire.

The world has become an anvil unto the beating of sorrow. There is lot of unemployment, lot of misery in the share and stock markets, lot of loss in industrial sector, lot of wholesale wipe out of funds in banks, and financial institutions.

Buffet,  I wish to say “you are no exception”.

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Economy subscriptions thoughts

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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No Job


In the world of plenty,

There is no job.

In  the world of bribery,

There is no job.

In the world of  deceit ,

There is no job.

In the world of destitution,

There is no job.

In the world of  frenzy,

There is no job.

In the world of impracticalities ,

There is no job.

In the world of terror ,

There is no job.

In the world of manipulation,

There is no job.

In the world of anarchy,

There is no job.

In the world of tedium,

There is no job.

In the world of frailty,

There is no job.

In the world of insight,

There is no job.

In the world of introspection,

There is no job.

In the world of  sarcasm

There is no job.

In the world of wilderness,

There is no job.

In the world of fantasy,

There is no job.

In the world everywhere ,

There is no job.

A dismal cry,

Rants in the air.

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Economy subscriptions thoughts

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,.

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Economy subscriptions thoughts

How Rich Are You?


A question of centuries remains unanswered.A query put forth to all generations  has  bore no result. An introspection, which makes one dizzy and swaggering at the same time.

“Rich ” is a relative word. It is not confined to certain refractions and condensations.It is a beautiful word that brings with it a systematic revelation and a meritorious expression.

A man may be called rich. A culture can be termed rich. A society can be addressed rich. A presentation can be ascribed as rich. An architectural marvel can be conferred the degree of rich. Nature in all its beauty can be acclaimed as rich.

Unfortunately , we direct our mind to money ,when we think of the word rich. This tracking of money poses a distaste and a nauseating experience.A man can be looked up as rich , if he reigns supreme in all attributes and qualities that go up to make the personality , the denouement of his character.

The question comes back now. Let us try to answer it in a cryptic manner. Impressive looks, not essentailly fair and with aquiline features, but with an arresting exterior, a royal stance, lively eyes and a benign smile ,make up a winning cheer. A straight forward approach, a transparent transaction, a justified perception,an affable speech and a smothering care ,create a enchanted glory.Last  comes the financial aspect. This back up is essential to keep going, to survive in this treacherous world.. We can thus classify a rich person from the rest.

At this economical gloom or melt down, we find the  depletion of monetary rich. The funds invested two years back  has been eroded, Only a bare skeleton of the pampered flesh remains as a residue.Statements of their investments  show a  negative trend. The supposed wealth is a result of someone’s imagination. may be a fund manager.We are in a painful epoch , a slandering pithole.

The query ,again becomes out of context, out of thought and out of proportion. Measuring rich by mercenary should be kept out .