Global Recession?

That's what global financial markets indicate. Though not drowning into a depression era(similar to the 1929-33 period), this definitely is a period of recession. What started off as a sub-prime crisis is now blowing off into a full fledged recession affecting many sectors.

Stock markets are seeing a bloodbath - with huge swings in the indices intra-day. Well, some stock brokers and investment firms will make money during such a period while many will be losing their money. But given common wisdom, it is probably the best time to invest. Market might not be back to rosy levels anytime soon, but one can definitely expect huge returns in a 18-24 month time-span. Investment in any of the top stocks in India should expect to be doubled in that period.

Given all of the finance ministry's support, ICICI still does not seem to fare well with the investors. Its stock is crumbling LRC. It has approx 28% exposure to the US crisis (compared to 5% exposure of State Bank of India). Pity to note that India's second largest bank is going down the drain.

Welcome to my blog

Yipee ! This is my space for blogging. I've been out of blogging for quite sometime now and the urge to return to blogging has made me start this new blog.

Now, the question - what am I planning to blog about? I think I will blog about my life experiences, things that I see in life, things that has made me think, things that have had an impact on me and things that I believe in. Sounds very generic, isn't it?

Well, that's what I am - a guy who talks in a v generalized way and in a very politically correct and diplomatic manner. Being politically correct and diplomatic even with the closest of my friends have placed me in a soup! And one aim of this writing is to overcome that and be open about what I think and what I want to do.

Let us see how successful I become in achieving that.