Test

Test Testy

Thursday, October 9, 2008

Recession Economics

Everyone is talking about financial crisis and the looming recession. However some B+ve thinkers have come up with research findings to cheer up people in this situation.

One such article talks about how people take more care about them thereby becoming more active and healthy. Another column writer talks about how trouble raises human consciousness thereby helping us to become united in the fight.

Reading all these and considering that the real interest rates are negative (inflation is more than risk free) I too started thinking that it is time to have fun rather than investing for future. All the I-bankers who must have amassed large amounts of money during the hey days should also loosen the purse strings and splurge and see if the economy will bounce back due to their increased spending.

Most of us don't get the option to choose a life style, instead we get drawn to a certain type based on what we see and what people around us say and then get trapped. This is good time for all those who thought they got trapped in a burning candle life style to get out and start a oil lamp life style.

It's time for everyone to read "The Little Prince" by Antoine de Saint Exupéry and examine what their world consists of. It is time to weed out unnecessary things and plant things that you always wanted to in your planet. It is time to refresh/expand/explore your own planet and also become aware that each one of us is living in a different planet.

Another interesting thought I wanted to share is about insurance and lotteries. After a discussion it suddenly occurred to me that both of them can be classified as soci-philosophical instruments. By choosing to subscribe to these instruments, the concerned individual is ready to give up a part of his hard earned money and place it in the hands of fate, allowing it to decide how to redistribute the pool, funny, ain't it.

That's all for now. Happy Dasera to all of you

No comments:

Post a Comment