And i am back once more after a long long break. Itz just that there were too many things going on at my work and in the world in general that blogging never entered my mind. But still, like Sachin says, i dont have any plans of getting retired in the near future.
Come to think of it, the near future is getting gloomier. The US financial market crisis is getting from bad to worse day by day and being part of the firm that is in the epicenter of this tremor is always gonna be difficult. It is just like a movie, a child is born, a young boy plays, couple get married, and in the last 5 mins or so during climax, couple get old or couple die. Complete in 3 hours. The fate of lehman bros and Merryl lynch were pretty much the same. 158 years of legacy was just buried in a weekend. This is claimed to be the worst crisis after the 1920's economic depression in Wall Street.
Come to think of it, those were days when Wall Street meant "Walled Street" and Fed meant nothing. Honestly, be it dot com bubble or bust, it did not count. But the last few years have been so much enlightening in terms of the financial markets and how things work. Inspite of being a ardent fan of "some of "Ayn Rand's philosophies, only recently did i truly understand to appreciate it. But then, given that we are in India, it is a long shot.
Come to think of it, Indian markets dont seem to function independently as claimed by some wise investors. As i had posted in one of my earlier posts, India is not going to be shielded from this crisis. Being globalized means to share the fame and the pain equally. The extent of damage caused by financial markets might not be very high, but then there are lot other issues in India that makes up the cumulative damage sum high. The journey has just begun and it is a long road ahead.
Come to think of it, the grand prix in Singapore was just awesome and sheer grandeur not because of the race but because of the roads. As rediff rightly put, both Alonso and Singapore were winners in race against time.
Finally as our good old Indian cricket team, who always makes us expect the unexpected, the author will like to ensure that he is not part of this team and does not value this principle very highly.
Bottomline ... more posts coming along....
Musings & Rambles , Introspections & Retrospections , Add-ons' & Plugins'
Monday, September 29, 2008
Long time No see...
Posted by
Bala
at
8:39 AM
Labels: Consolation, world-economy
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