Tag: Economy

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Economy subscriptions thoughts

Paradise Lost.


Milton epitomises man’s disobedience and the loss of Paradise in his epic poem “Paradise Lost”

Satan revolts from God and draws with him a legion of angels. God drives him out of Heaven along with his crew and places him in the great deep hell.It is a place of deadliest darkness and utter chaos.

“Of man”s first disobedience and that fruit

of the forbidden tree,whose mortal taste,

Brought death into the world and all our woe.”

Milton”s Paradise Lost is being enacted by Modern Bankers.

The banking community was in an enviable status before 1930.Financial empires were built on strong fundamentals. Certain banks were based on fraud . The competence of the bankers , their influence in the society, their high ideals ,placed them in a pedestal. The profession was regarded as  a  fine vocation, with promises of lucrative  remuneration and resounding success.

During depression , the  banking system envisaged a great fall . Regulations were set in. It came under tight ropes. It became a less interesting profession. Bankers shied away from liberal lending.This period of severe security saw a rise in economic  prosperity. The growth was spectacular .

In the late twentieth century, again Banking had a radical transformation. The liberalisation found its existence. There was an enormous activity, hustle-bustle,and the industry exploded.

Anything above normal, anything exceeding its capacity, anything that is over exposed comes to a stunning halt.The recession has  set across, the meltdown  has sidelined the  industrial progress,has effaced trade priorities.Currencies have slided down,,commodities are fastly going up and  hastily. falling down . Banking has become a boring industry says Paul Krugman..

Banking ,like Satan , has pulled with it a legion of other industries and trade into an abysmal darkness. Satan tried to mend his ways to restore Paradise.The Banking sector should deliberate upon a serious financial reform to regain its fiefdom.

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The Lethargy In You.


I was dozing in my lounge, when my maid’s call brought me to an awakening state. It unusually, was not only a physical wake up but also a  mental resurrection. Recently , I am prone to  light refreshments like getting a short nap ,then and there , as often as possible,since there is nothing compulsive to keep my physic and mind active, I am slowly stepping into old age ,a little prematurely .

The renaissance of today ,is that I gave a mild thought to the happenings of the daily chores ,both domestic and external. The slight interference took a chronic level in my analytical pursuit.My mind got over the languishing  strain  by cooperating with my heart’s application.

The putting off attitude in us, the sustaining aspect of procrastination in us, and the slowing down of quick assumptions , paralyse our work culture.

Taking up the case of domestic passage, I wanted to give a face lift to my house and garden , by adding certain infrastructure that were not available ,when the house was built. As every normal human, I made a series of inquiries as to the product availability. I gathered every detail and compiled my survey  in a file, neatly indexed and tagged. I left  gap, of a year, I do not know for what, but now I conclude. it is purely due to lethargy . After a year, I set myself on the task, the materials I wanted , have disappeared from the market and there was a fresh bunch of new products , of which I am an illiterate., in the sense I am not aware of its usage.

Coming to the external assumptions, the Indian lethargy is explicitly revealed in its policies. Take for instance , the construction of roads, the Golden quadilateral ,which is being on for nearly five years. The project is going in snail’s space. Before it reaches Midway, the initial work loses its credibility. The originating road , which was in exact condition  few months back ,has  developed  bumps and potholes, and falls into the category of  bad roads. The half way traverse is rendered unfit for travel. The purpose gets defeated. A three hour flight from hence, we find excellent roads in Malaysia , which I feel is the best in whole of Asia.Why this default?

Before we think of expanding certain infrastructure, the proposition becomes obsolete, and outdated. The slow decision in us makes us a drawling , feeble, demure mortals.

We miss the bus , not once or twice but always. We reconcile ourselves , saying that destiny wants it that way , so it happened thus. A concillatory domain is an antithesis to prosperous enlargement.

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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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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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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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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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Rate Cuts


The economic slowdown has forced all the financial institutions to realise the status of  business.

It has reopened the Pandora’s Box. Out emerge the frauds, cheats, misappropriation, rigging, fudging and collapse.

The lobbyists, the politicians,and the chief executives have gained in the process , by looting the nation.

The banks have been advised to cut the interest rates to promote business.To make the nation prosperous ,we need steps severe. Rate cut is a welcome sign.Industries and business have to come out of the blue. Diminishing the interest rate will help the manufacturing projects . Banks should also extend facilities to them. At present banks have restricted their sanctions, as they fear the competitiveness of industries.

Easy finance with facile rates will give a jump to business. The sanctions should be planned according to the merit of the case.Scrutinising the projections,developing a rapport with the promoters,investigating the background of the people behind,are all necessary etiquettes that the bankers should take care off. Once they are satisfied with these formalities ,the loans should be advanced at the earliest, with comfortable progressions and schedule.

Regulations should be switched on, but the supervision should be subtle ,not stifling and suffocating.A regular flow of funds ,with nominal interest will enthuse the indusries. They will repay the loan with interest in appointed hour .

We look forward for similar outright remittance and free business not limited by deceit and control.

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Obama Intrigued


Obama  is outrageous. His temper is aroused by the issue of bonus to executives of top companies. The bonus part is highly disturbing, and the expectation of these  officials  borders on greed

The economy of the nation is in deep trouble.The companies are making huge loss. There is wide spread wage cut and severe hit on jobs. When everything else is in amiss, the bonus claim by the high ranked officers is demanding and demeaning.

The argument ,put forth by the companies , is that such priorities have to be taken into consideration to retain talent. This objective seems to be baseless and flimsy. Talent is plenty.It is available readily . It can be hired for a lesser pay packet.

The tag of high profile has submerged with  failed economy. Professionalism  has not reached the goal. It has turned way ward. it is clueless . Its target is exclusiveness in pay and perquisites. The sincerity in tending the company, in working for the betterment of their protege,in setting right the earnings,and caring for the welfare of the employees  is totally nil.

The deteriorating standards in management has forced us to put down our heads in shame.Instead of remorse and repentance ,the executives in plum posts demand high salary and higher bonus. . It is a disgrace to the nation , a shame to society and a deformity  to man.