Archive for July, 2008

Facts and Economy

July 2, 2008

According to economics, every boom is followed by a burst and vice-versa. Of late, i have been reading news and more news on stock markets, economy, inflation. Even in my dreams i come across these terms. Don’t know why? but obsessed by these terms despite having truck loads of supposedly “meaningful” work to do.

So, what’s going on these days. There’s been a real estate burst in US. Sub-prime crisis in a much academic jargon. But what caused this to occur. Whatever it might be, looks like it’s going to cause a ripple effect on us. Most of the economists quizzed replied that india’s economy is sound and strong at fundamentals. Hence, the sub-prime crisis shouldn’t effect us. This was when the sensex was 20,000 and roaring ahead just a few months ago. Every one was making hay in a mood and under a good will that our economy is growing at a rate of 9 percent. But suddenly things changed. Sensex plummeted. All those who invested when the sensex was at 20k were left gaping as the sensex plummeted to 13k.

These are all the facts i observed in the last few months. Suddenly, there’s this inflation. The hotel wala in our street increased every item by 5 bucks. The reason he quotes is rising grain prices. The reason Mr.Prime Minister quoted in his speech is rising crude oil prices. I don’t intend to ask what is it causing the fuel prices to rise as it might be difficult for me to interpret the reasons. Whatever the situation might be the real estate market seems to be in an upswing. Residential rents in urban areas are surging ahead. Please someone regulate this mammoth!!

Another fact i observed is that i am trying to incorporate more figurative expressions in my discourse. But it looks like i am failing miserably. I understand that it’s not possible unless we read good books and get accustomed to good english. Hence, i made a conscious effort by purchasing the book “Shantaram” for 450 bucks using a Crossword gift voucher. I started reading the book. Hope i will complete it by this year end. I read editorial columns of times of india, indian express and other magazines but i am consistently failing in completing a book. All the books i read are only half read.

I started R.K.Narayan’s “Guide”. I shelved reading after finishing half the book. It is a good one but not very interesting to me. I finally realised that this is not the time to read Sherlock Holmes or Hercule Poirot novels. That time has passed now and i felt the need of something realistic. A friend suggested me Jumpha Lahiri and other authors. Finally, i could get hold of a book “A Thousand Splendid Suns” by Khaled Hosseini. His other famous book is “The Kite Runner”. I read half of the book. It’s really good. Will complete the rest in few weeks. The characterization of Mariam is really touching. Just like watching a Mani Ratnam movie.

Finally, let’s stop here. I have lot more to blog about. Watched three Hitchcock movies (Rear Window, Dial M for Murder, Rebecca) and also Dashaavataaram. Will blog about them some time later.