Is the worst behind us?

Is the worst behind us ? This is the question which is on each and everyones mind. And if we have to believe in statistics, we can believe that the worst is probably behind us and from now on this would be the rebuilding phase for the world economy.

The Big Daddy's of Wall Street who were put on life support system are showing signs of recovery. Goldman Sach, JP Morgan, CITI etc were all given billions of dollars of tax payers money under the TARP i.e Troubles Asset Relief Programm have shown encouraging Q2 results with Goldman Sach registering a profit of USD 3.44 Billion, JP Morgan USD 2.7 Billion, CITI USD 3.6 Billion.

During the economic crisis, the govt's across globe have become virtual watchdogs , to keep a close watch on the economy in order to avoid a reoccurance of the present economic crisis.

Asia Economy is going to play the role of the captain , which will be leading the recovery phase to bring back the lost glory of the world economy back to its zenith. Even during the economic crisis, economies of both India and China have posted growth rates of more than 5%, when every other country be it USA, UK, Japan, Germany's economies have moved it into red or their economies have shrunk. The West is looking at India and China to lead the pack in the economy recovery. The Asia economies have withstood the world's worst ever economic crisis.

India Inc has been on the acquiring spree over the last year, where they have acquired companies across the globe and across sectors/industries, which has stabilised the status of India as the rising Economic superpower.

According to Nouriel Roubini, the NY University Professor, who was also called as Dr Doom by NY Times for predicting the current economic crisis in 2006, has indicated that the worst might be over and these views have supported by various financial institutions. economist and they are expecting the recovery to start in the second half of 2009 , but it would be normalised probably by the second half of 2010. Hopefully we have passed the worst phase in the Great Economic Crisis of 2008 and like the return of prodigal son, we can except the global economy to return to its profitable best.

I am back !!!!!!!!!!!

huhh... i have finally got time to write something.. its been nearly 8-9 months since i lastly wrote something.. These 8 months has been really traumatic, both physically and mentally. I have gone through a lot of pain and lot has happened in my life. As per a saying , the show must go on... i have moved on in life. I have learnt leasons from life... i can see some changes in myself like i have mellowed down a bit....but but i am finally back with a bang as more wiser, more careful etc. These 8 months have taught me to face the problems face on and not shy away from precarious situations.

Bangalore - Ernakulam Jn

At the onset, i should thank my very dear friend Siji for giving mr an opportunity to see very spectacular scenaries and i wish him a very happy and prosperous married life. Me , Shivram and Sagar had gone to attend siji's marriageon 30 Novemeber.

We started from Bangalore on Saturday morning by the Inter City Exp. The day started horribky, as sagar missedthe train, he eventually took a bus to Ernakulam. I must admit , i have never seen such beautiful scenariesin in my entire life, where the train cut throughthe forest, with dams and rivers gave us the company. Intitially i was skeptical of undertaking a day journey, as i always preferred the night journey , but now i feel thank god i took the day journeyand witness the fabulous scenaries along the way. For the whole, we had the green vegetation to accompany us and there was not even a minute where i saw dry landscape, it was greenery all the way. Actually, i should name this article, A journey through green vegetation? Whats say haan ?

We had a 12 hours long train journey but we never felt any tiredness as the nautral beauty of our God's Own Country had such an impact on us that we ejnoyed viewing the natural beauty, rather than pondering ways to rest.

Are we heading towards Second Global Depression?

Are we heading towards a second global depression, which seems would have a much bigger impact than the Great Depression on 1929, as the aftermaths are already been shown with Company’s posting huge losses, employees are being laid-off, company’s going to cost cutting mode, banks are reluctant to lend money to investors which in turn is affecting company’s day-to-day operations. Each and every stock markets across globe are bleeding with losses be it NASDAQ, Nikkie, Sensex etc.

Every investor/common man has just one question in his mind, as to when the mayhem will stop? Billions of wealth has wiped off from investors coffers.

Many are surprised and shocked by massive impact of this economic crisis, investors and the common public were shown rosy picture about the financial situation and now suddenly they are finding themselves at the receiving end of the economic crisis.

History has repeated itself as US has become the virtual source for the economic crisis for the second time after it was considered the source for the Great Depression of 1929 whose effects were felt till the end of 1940’s.

In my opinion, it all started with the bankruptcy of the one of the biggest investment bank i.e Bear Stearns, which was sold to JP Morgan with the help of Fed Govt and the main reason for the fall out of Bear & Stearns was the Sub-Prime Mortgage crisis.

And then adding insult to injury was the bail-out of Fannie-Mae, the financial institution which has the distinction of being the highest lender of the housing loans and this particular event sent shivers in the markets across globe.

To top this another crisis hit the market was that of the bankruptcy of the Lehman Brothers, one of the largest and oldest investment bank, which did not see any reds in its balance sheet, until this particular quarter which hit the bank so hard that it had to file for the largest bankruptcy in the history of the mankind or the modern era.

These incidents did not go well with market, which has resulted in markets tumbling down and in the process breaking many records of the highest falls in a day, lowest in years and so on.

The global scenario is so bad that it prompted in Govt’s coming up with bail-out plans to provide life-support to the ailing world economy by infusing credit into market. The main aim of the bail-out plan is to provide Liquidity and many countries has have cut their CRR rates i.e Credit Reserve Ratio’s (lending rates), in order to infuse credit in the market.

This credit crunch has not spared any country whether developed or developing. The US has really been the hardest hit nation in this credit crisis, where the country is experiencing higher un-employment rates, industrial and economic growth rates have nose dived, higher tax regime, various state Govt taking a cut in their budgets.

Its great to see that developed countries are coming forward to form an alliance to ponder over the ways to resolve the economic crisis.

Hope so the strategy of the so called bail-out plans are successful, as it money involved are from tax payers pockets, who would feel let down if the bail out plan fails..

Bloodshed at Wall Street

Last week has seen the bloodshed at wall street,as the big-wigs in the financial services domain have filed of bankruptcy and some are on the verge of filing the same, biggest of them is of Lehman Brothers who have filed for Chapter 11 bankruptcy in the US, biggest banruptcy in the mankind and Merril Lynch being bought by Bank of America for US 52 $ billion and we can expect some more companies to follow suit, with AIG, world's largest insurance company with respect to assets has asked the Federal bank for US 500 $ million loan and Goldman Sach posting a 70% loss in the current quarter..., so we can see the writing on the wall that big-wigs of the industry has succumbed to the Credit Crunch, the symptoms are strong for a Great Global Economic Recession/Slowdown which has already started showing its aftermarks, with employees being laid-off globally and the number are huge, on an average around 50,000 people would lose their jobs.....

Fab - 4 (Soon to be Fab 7)

You would be thinking that i am talking abt Fab 4 of Indian Cricket Team, but you are absolutely......... wrong, i am talking abt my Team in Pylon Consulting. The Fab 4 consist of Ravi, Alex, Zainab and Hiral.

I would like to share my experience of working in Pylon Consulting, we are recruitment firm catering to IT, KPO & Consulting domain opportunities, where i have the privelege of working amongst the best brains in the domain, who are highly talented, helpful and they are absolutely brilliant, exceptional... i am running short of exclaimations ............

I embarked on the beautiful journey on 24 August,2007 , eventhough it was my second job, but i had butterflies flying high in my stomach :) , as i was not sure whether i have taken the right decision, but now i am proud of my decision of starting my professional career in an exceptional company like Pylon Consulting which provides its employees platform to perform and where hard work is duely rewarded and the work atmosphere is great. I have successfully:) completed my MBA from IBMT i.e Institute of Business Management & Technology.

To be frank, i have been really lucky to have great team-mates in both my work-places, where they have been supportive and they are the source of motivation which acts an tonic in my case to strive harder and to achieve my targets. My team comprise 4 Gals and 2 guys, i am the krishna who is surrounded by gopis :) and i should also thank my boss, my mentor i.e Ravi, who had the guts to higher someone, who had been rejected in several interviews :) and he is the one who has taught me everything on recruitment, Research ( i take care of requirements in the research domain) and he always there to help you out.

I would like to talk abt 2 most important persons in my team, my two sisters i.e hiral and zainab, these 2 ladies are my back-up's, whenever i am mentally down with pressure, they pump energy into me by making me laugh :)

Glory at Beijing

Hail the 3 Musketeers of Indian Sports (Abhinav Bindra, Vijender Singh& Sushil Kumar ).
India has finally won more than 2 medals in their entire olympic history. The 3 Musketeers has done our country proud by wining medals at the largest sporting extravanganza on the Planet Earth i.e Olympics .

There were many first to happen for India at the 2008 Summer Olympics at Beijing i.e India's First ever Individual Gold Medalist in Abhinav Bindra, India wining more than 2 medals Since Helsinki Olympics, Wining all the medals in Individual events.

The moment of the Olympics for Indians would surely be the Gold Wining performance by Abhinav Bindra in shooting and the national anthem being played since ages on the olympic arena since the 1980 Moscow Olympics.

This olympics has seen the rise of new sporting heroes like Vijender Singh, Jitender and Akhil Kumar in Boxing, Abhinav Bindra in Shooting, Saina Nehwal in Badminton and the Indian Archery team too had a good oympics in both Individual and team events. I hope this triggers a sporting revolution in india, where more people would take a liking for the Olympics Sports , good support from the Govt by providing the athelets world class infrastructure to use and hope so more corporates start sponsoring the olympic sports and give cricket a miss :)

The next target for the Indian atheletes would be the Commanwealth Games in 2010 at Delhi, where india should focus on the fininshing in Top 5 at it's hiome turf, which would give hopes for a bigger haul of medals at 2012 Olympics at London.

Now its the responsibility of the Indian Olympic Association to make use of the success achieved by India at the Olympics, to promote the sports in the country and start planning from now for the next summer olympics at London and after what we have seen about the Infrastructure provide by China for the olympics has been of great class and quality, now its the turn of IOA and the Govt of India to show to world that India can also provide world-class sproting infrastructure.

I believe India can targets medals in Shooting, Boxing, Wrestling, Archery, Hockey, Weighlifting, Badminton and Tennis at the London Olympics.
Hearty Congrats to Abhinav Bindra, Vijender Singh and Sushil Kumar for bringing laurels to our country and made all of us proud.

Cheers for the 3 Musketeers !!!!!!!