So the world is down. Tissues recently disappeared from my office though the CEO made a promise that no HCLite would be left behind in this turmoil. I salute him for this and for his hip shaking dance on bachna aye hasseno in the meet.But tissues did disappear...
When i started working in 2002, the IT sector was still grappling with millenium bubble burst and oldies had this tissue disappearing memories to share... I'm growing old and experienced.
For the newbies, the fact is that when an IT comp starts cost cutting, the first thing getting axed in tissue... Hankies in; tissues out...
Worldwide the interest rate are moving closer to zero in what is known as Quantitative monetary easing policy (pioneered by BO Japan i guess). How would u feel if u can buy a car or a home at closer to 0% interest (really around 2-3%) interest rate! But alas! for that to happen many other things need to fall including earning capability, rather employment... So as again supply demand rules.
Capitalism has been questioned this time. The sheer existence of paper money could be debated...It is being done so in Zimbabwe where inflation is more than some million %. Basically this no. is of no relevance as people do not want zimbabwe currency for exchange of good they have since the confidence in currency is lost. Are we headed back to historic Barter system? That makes me think what is it that i can recourse to under such circumustances... Go back to my ancestoral property and start sowing! Ok ok... i'm being too pessimistic... I did make some quick buck on my favourite relcom.. so may be i can be a day trader..
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