US is in recession...err..economy is sliding down and not yet in recession..err...there is a definite slowdown but no recession yet..err...err....Err is human and many humans are erring in their analysis. The time of Financial Analysts, big and small and smallest, has finally arrived.
Everyday, every news channel and paper talks about blood bath in stocks, and relates to US recession. One intelligent soul analyses how US recession is hitting us...badly. For the layman, like me, it is life as usual, with prices raising and pay checks not able to take care, with eye on many things like palatial house, maybach car and paraphernlia. It is not surprising for me that prices are raising now. They have been raising since I know and someone said, fuel prices have a direct impact on prices..some years back.
They tried to explain me, person who knows what is in hand in terms of finance and nothing about inflation or deflation, that fuel adds to the cost of transportation directly and hence the prices raise. But how long was my question? I do see lot of news about gas finds in India, how we are able to process crude in our country in one of the biggest crude oil plants in the world, how our tax system is impacting fuel prices etc.. Then what is the role being played by US recession? Is it really going to impact us? Is the world so small that all these so called intellectuals failed to see this coming and warn our people to find alternate markets much earlier? Is the dependency on dollar so great that we are unable to live normal life without uttering US recession every time when someone says prices are going up in India? God save us...err..sorry. Even he says, US is in recession and he is busy saving them. Who will save us ?
Everyday, every news channel and paper talks about blood bath in stocks, and relates to US recession. One intelligent soul analyses how US recession is hitting us...badly. For the layman, like me, it is life as usual, with prices raising and pay checks not able to take care, with eye on many things like palatial house, maybach car and paraphernlia. It is not surprising for me that prices are raising now. They have been raising since I know and someone said, fuel prices have a direct impact on prices..some years back.
They tried to explain me, person who knows what is in hand in terms of finance and nothing about inflation or deflation, that fuel adds to the cost of transportation directly and hence the prices raise. But how long was my question? I do see lot of news about gas finds in India, how we are able to process crude in our country in one of the biggest crude oil plants in the world, how our tax system is impacting fuel prices etc.. Then what is the role being played by US recession? Is it really going to impact us? Is the world so small that all these so called intellectuals failed to see this coming and warn our people to find alternate markets much earlier? Is the dependency on dollar so great that we are unable to live normal life without uttering US recession every time when someone says prices are going up in India? God save us...err..sorry. Even he says, US is in recession and he is busy saving them. Who will save us ?
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