Recession

"Recession" has been a key word during the recent discussion, it has hit each and every one very hard. It has hit the common man, business tycoons, big multinational companies and moreover sports too. Is it that we were kind of under prepared for the unwellcome event, we can say it loud that we never expected it to be so bad but the true answer here would be "YES"; we were all busy in minting money from the share market and on an organization point of view we were on hiring spree to show the clients that we have the best people with us to bid for the project. To the "Yes" above i would say we never had any contigency plan if we look back we could always see that when there was a high time it always led to low moments as well. So we are the people who dont learn from the past event to rectify our future. Now most of the share market are trying to sustain, comapnies filing bankrupcy, people getting pink slips has made all the entity a bit worried here. India too had the similar story till few days back i.e. before election but the picture has changed a bit now, the election and the victorious congress had helped the sensex rallied up again now all eyes are set for the budget - 09, and every one is hoping for a budget which can keep the share market high and save the companies from there downfall. But the financial hub is still trailing behind i am talking about the US market it has not recovered with the powerful leader BARACK OBHAMA, he has been trying his level best to sustain the the US economy......but the picture still remain rossy? The statments given by the US president has also hurt the south asian countries. I believe the day is not far away when the slowly or steadly the financial hub would shift to south east asian countries... during my MBA presentation we had a small presentation on the same and had project from the statistical data that the shift would start some where in 2020, but i believe that the shift would start sooner then later.......Lets hope for the best.

This is my first blog...... A few more will follow soon....Please comment on the same and let me know if you have enjoyed reading the same.....