It is a complete sweep.
Stocks all over the world tumble.
Banks all over the world crumble.
Job ratio all over the world fumble.
Oil all over the world stumble.
People all over the world tremble.
Categories
Tag: Economy
Categories
A call from the wilderness.
Hiding toxic assets has been the general practice of the fallen banks.
Lying , another mode to beguile the investors,is the most common trivialities of all implementation
Mismatching its securities ,by quoting near 100% of the value, when it actually works out to 65%. is the most treacherous of all behaviour.
Replacing the top level management.since they pointed out the follies of the top man.,is the wretched conspiracy of all conduct.
Refusing to accept merger offers,for no reason, is the most arrogant contempt of human values
Camouflaging the balance sheets., is the most cheap practice of all unholy business.
Cooking up the results., is the most profane settings to deprive the shareholders
Adopting bullying tactics., is the last resort of failing commercials..
Finally ,saying much effort has gone into the drains, is the most blasphemous of all evils
These, in short, is the paradigm of the current scenario.,
The government agencies,have also missed the vital details.
The auditing firms , have certified , these erring companies.
They would have been adequately compensated .
Transparency in all transactions is the need of the hour..
It may not be welcomed by the elite group.
They fear ,that their money making techniques would be exposed.
A solemn vow has to be mooted,to eradicate corruption.
Strict measures have to be initiated.,since,
Disclosures will lead to findings.
Findings ,in turn will take to restrictions.
Restrictions will curb discrepencies.
Curtailing will bring good management.
Shrewd prudence will usher prosperity.
Wealth will enrich the economy.
Economy wiill work wonders.
This is the dream of many.
Categories
Reflex Economy
Change is the only thing which is permanent.
Growth heralds life.
Assimilation of words enriches a language.
Flexibility in attitude brings harmony.
So is economics.
The crisis era has not only signalled turmoil
It has moderated economics.
The subject is expanding horizontally.
Th blood bath in which we are rightly in has proclaimed many collapses.
If lehman Bros files bankruptcy, Asian stocks tumble.
If Washington Mutual falls.,European index comes down
Buffet bolsters Goldman by investing cheaply.
There is an uptrend in the stock market.
Morgan takes stakes in Washington Mutual.
There is subdued cheer all over.
The back offices of these banks are closed world over.
An air of job displacement prevails.
Infosys and TCS get their fingers burnt.
They slow down their work pace.
More crippling news is awaited
The world has to wake up to the reality.
Economy is undergoing an alteration.
The turn may be highly intimidating.
it may be entirely off the mark.
It may be a percussor of estranged harmony.
Unfortunately , it is rushing in.
It cannot be prevented.
The trials and rancour the world has to face ,is depressing.
This branch of economics ,is added by the clueless, greedy ,ostentatious breed of officials.
We are stunned.
But we are helpless too.
We have to move with the tide
Otherwise we will be branded as a species of anachronism.
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