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Worst.. Yet to come ?

June 23, 2009 1 comment

Today I was going through an article published in Economictimes.com that bigger crash is ahead for the global economy within the next two years. That’s the bold prediction from a famous economic forecaster Harry Dent who predicted Japan’s 1990s recession and the present economic crisis (I don’t know, just read in newspaper).

Of late I have been reading many write-ups on current economic recession and mostly contradicting each other’s theory. Hayekian and Keynesian theories are one of them. A Keynesian recession results because of a sudden fall in demand. Pumping enough purchasing power into the economy is a way to come out of this type of recession. A Hayekian recession, however, is caused by misallocation of resources over a long period, driven by unrealistic interest rates, ending in a bust that requires years of structural adjustment. Can’t say on Hayekian, but truly, this recession is not a Keynesian as I believe. Governments across the world have pumped in billions of dollars into their economy, but things have yet to improve.

Coming back to Harry Dent’s theory, it really makes you think a while and you will surely find a firm logic behind that. He said that baby-boomer generation was to cut back on spending, sending financial market and reality sector to a new low. Just to provide a brief on Baby Boom, it was a period (post world war 2) when birth rate increased many folds in Asia, Europe, North America and Australia. In USA alone approximately 76 million babies were born. For more than 25 years before baby boom, it was difficult for people to have children because of Great Depression and World War-2. After World War 2, when numerous economic reforms were introduced, couples who could not afford babies earlier, made up for the lost time. These children when grew, drove world economies differently in different decades. As per Dent, baby boomer’s spending pattern had been responsible for swing in world economy over the last few decades. It was observed that by year 2000, boomers had tended to avoid discussions on their retirement and long term investment and saving planning retirement. And they went on a spending spree. Precisely this was the period when world witnessed the start of great economic boom. Bent says that peak spending age is 46 and boomers have crossed this age and by end of 2010 they will start retiring leaving undue burden of their retirement on their children. Dent believes that this would be the period when world economy would start slipping to a new low, which somehow seems logical too.

I would say that boomers brought in a dramatic social change across the globe which started from west. They showed the world an era of Rock and Roll and a free society. Their style of living and affinity towards consumerism acted as a fuel to boost world economy then. If they could have impacted the world in that way when they were teenagers and young, then this theory of recession that might be aftereffect of their retirement must also stand correct.

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Categories: Finance and Economy Tags:

Brida

June 20, 2009 2 comments

Brida is the story of 21 year’s old beautiful Irish girl, Brida, who wanted to learn all about magic. It was not normal magic, but the magic to live life happily. She was struggling to find a balance between her relationships and her desire to transform herself. On her journey to quench her thirst of knowledge, she met Magus. He was an old Teacher of the Tradition, now living in exile of isolation in the forests of Ireland, atoning for a mistake made in his youth.

Brida met Magus, very keen to learn Tradition of the Sun (for wizards) with its powers of creation & revelation and of the Tradition of the Moon (for witches), the transformative & ritualistic power. As a way of teaching, The Magus left her alone in the forest to test her faith in God while experiencing the dark night. Brida was confronted by her fears and relied on her faith to help her make it through the night. It was light when she woke; a beautiful sun was gliding everything around her. She had understood that “Every moment in life is an act of faith”.

Probably it was not the way Brida wanted to learn. She had long been interested in various aspects of magic, but was searching for something more. So she started going to an occult bookstore and her search lead her to another teacher, Wicca, a woman who taught the rituals and knowledge of the ‘Tradition of the Moon’.  Brida carefully practiced the rituals, learnt to study tarot cards, keeping a candle burning, and dancing to the “sound of the world” (all explained in detail in the book)

With the help of both Wicca and the Magus, Brida learnt that soulmate did not have to be your lover, husband, and boyfriend. It could be anyone with whom you had an unusual bonding and you experienced so much so that you would want to be with that person for the rest of your life, you could not let him go because he was your real soul mate.

I won’t say that this book presents novel or revolutionary ideas, but they are soothing. One of the best parts of this book is that Coelho has introduced universal truths beautifully many a times in this book, like,

“Nothing in the world is ever completely wrong. Even a stopped clock is right twice a day”~ Brida’s father (Pg.99)

“What is now proved was once only imagined” ~ William Blake (Pg.174)

Brida used Magic and Religion as the tools to confirm her life choices and help envision her dreams. Coelho tries to teach in this book that one does not need religion to feel what is right or wrong right with the world and with the self. All that’s required is the trust in our sincerity, the trust in our sense and being audacious to move forward, in spite of our doubts, this is what Coelho collectively calls magic that Brida wanted to learn
Categories: Books Tags:

He.. perhaps me..

What to tell about my super busy days during the last few months, you can easily imagine when I am getting so much time to write these blogs to bore you all. Any ways, new things may look good on the first glimpse. But this statement does not stand true for the protagonist of this story when he landed in a completely new city for his first job. Sometimes, present gives the glimpse of future and same happened with him also. Who knew the frustration built up during his joining period would continue for months after in the job.

First day in the city; they seven people gathered from different cities of India at a hotel accommodation provided by their (would be) company. Everyone was very happy, after all that was not only a new job for them but first job also. That night he curled up into his pillow bed and kept on turning and tossing entire night, sometimes staring at the roof also. This was not because of any nervousness but because of the excitement. Later on, he did not remember when he slept that night but woke up early morning to prepare him for the first day at office.

At scheduled time they all met in the hotel lobby. Could not say about others, but he was definitely on cloud nine. Together they started for office and reached even before the HRs might have reached. However, they were made to sit in the lobby and wait for the concerned HR to come and start their joining process. So many things were going on into the mind of each and everyone, like where they would be placed, what domain they would be allocated to, etc., etc. The wait was stretching and soon restlessness took over them. Every time someone came outside they would think of HR coming towards them to start with. Soon few hours passed and he stepped on to the first step of frustration. It was getting hard for him to sit any more. After three or four hours, someone came and told them to go back to the hotel and come later only when asked on phone. Now as if he wanted to scream. He was finding it difficult to suppress his emotions. After all such a long wait brought no result. He wanted to provide himself a channel to express his feelings out but to no avail. They all returned empty handed. Some went for shopping, some went for fagging. He went to the beach and stayed there for few hours.

Next morning, fresh day starts with new colors to be painted on the canvas of new corporate life. A never ending wait of phone call begins. One day passed, two days passed. Third day they decided to visit the company HRs again. The first day story repeats itself. There was a topsy-turvy ambience. Nothing looked in order. Several days passed like this only. The charm of first job was diminishing somewhere. He had such a harum-scarum days that he felt dampen chances of joining. Without any discussion, inside only, perhaps everyone was reaching an understanding to take some extreme step, might be to resign before joining. That was the only way out, they thought to extinguish their anxiety and anger for the sake of being pleasant. Suddenly one day, they were bestowed with the most coveted. They were called upon and after a long day formality their joining formality concluded. Little over a half month long mental trauma came to an end. Everyone took a sigh of relief.

Wait… Wait… Don’t go away, because, “picture abhi baaki hai”.

Since then to till now, almost seven months passed, he has yet not been able to understand what lies beneath his emotions. Emotions, which are influencing and being influenced by his thoughts in both cognitive and physical forms, seem being suppressed till now. Ab initio, he wished for job, he got it. He wished for a decent start, he got that too. Now what else is chasing him that where he was emotionally few months back during joining has yet not moved a bit? Something unrealized is still spreading its tentacles into the undiscovered corners of his mind. He wants to reach out somewhere, to cherish his dreams and meet his expectations, being guided by unnamed but every time he finds that there is something else beyond that. It’s like a mirage duping him again and again the time he reaches to quench his thirst in search of a reservoir. He does not know where this search will end. Is it that the difference between reality and fantasy has remained undistinguished for him? Shall it take him up or down? That also does not mean one should stop chasing his dreams and allow god to dictate his goals. I am leaving this up to you to answer him. But that is for sure, the agitation in his mind won’t let him rest here as something else is waiting ahead.

Categories: Insight me Tags:

Pranav & I

We glanced at one other like… like… (God knows like what) taking measure of a menacing new rival on the academic battlefield of IIITM. Yet we both knew that we were merely at the beginning of the greatest journey of our lives. This was afternoon 27th July, 2005 when I first met him, who I did not know then, would share one side of the covalent bond while I being the another side.

 After completing the admission formalities (MBA First Year) and hostel allotment procedure, I was about to leave when he came to me, a bit tensed, and asked (though I was expecting he would ask my name, but) if there was any gym in the hostel. I became perplexed, shook my head in unawareness and thought how I could answer him; the institute was very much new to me as it was to him. From there started a never ending saga (beautiful & unforgettable) of an eternally tensed man that I, along with my batch mates, witnessed for two memorable years.

Ohh… I forgot to raise the curtain from one more unique quality of my best pal, which frequently kept us in blues. And that was his daily new love stories coming to the surface that would often land him in severe agony and put us in heavy and heated discussions. I’ll take up the details later on. If I forget this part of his life, then I found him the most similar to me as a person and perhaps that is why I am trying to pen down my experiences and the time I spent with him.

One more extraordinary quality of my brother (as we called each other), I do not know how I skipped, was his alacrity to throw parties. Above that we were so shameless that we could hardly miss any chance to take a party from him, so what if someone was ill or whatever, but missing his party… never. Even if someone missed his party, he could easily get his share some other time. So generous was my brother. You just needed to utter a word “Party”; he had perhaps not learnt to say “No”. This “No” word was nowhere in his lexicon. But there is always some limit to shamelessness. At times when our inner selves shouted over us (generally initiated by our Bulla, pronounce with a smile), we tried to realize him not to waste money on frequent parties. But as usual, he was the synonym of generosity.

 

It would be a remiss if I do not introduce you to one more equally important character of the story, popularly known as “The Sadist”. He was Punjabi brother of the protagonist of this story. Mr. Sadist was also a great personality. If I try to write about him, I am sure I’ll end up with several pages in my kitty. But this story is of someone else and Mr. Sadist tried his level best to anchor the personality of his eddy-teddy Punjabi brother to get best fit in this cunning world. He better knew how much did he succeed in his mission. Well that is why Mr. Sadist becomes an integral and inseparable part of this story. As the story proceeds, I will keep on introducing you the new characters indeed.

 Pranav n I

Now it’s unfair that till now I have not told you the name of our hero, please accept my apologies. Since this story starts from IIITM, so we would take up the name by which he was popularly known in IIITM. I don’t remember when but he was rechristened as “Puddu” in IIITM, but I used to call him “Puds” (pronounce like put). All the above mentioned qualities of my brother were perhaps responsible for this lovely name.

Mr. Sadist was often called as “Pawwa”. He was a great competitor of mine, hold on… hold on… don’t think that we were competitor in academics, but we would compete to get individual parties from Puds. Adding to my woes, I could never succeed against Pawwa (read in anger). Being Punjabi brothers, Puds and Pawwa did share certain qualities like, being eternally tensed and confused, Puds couldn’t smile and being sadist, Pawwa did not smile. So, that used to be a rare occasion of seeing any one of them smiling.

 I shared a beautiful chemistry with Puds. We partnered in almost all the major or minor projects and assignments during the entire course curriculum. Definitely I got the benefit of that. Before the projects or assignments were allotted, Puds would initiate the submission tension, so we were able to complete our work before any one else in the class. Many people (especially my competitor “Pawwa”) tried to break our duo (obviously without any bad intention, just to pull our legs), but we withstood all the rigors of conspiracies and plots. Pawwa always played the role of “Naarad Muni” (remember “Narayana-Narayana” in Ramayana). If at-times I said any thing against Puds in front of Pawwa, he would definitely tell that to Puds and that’s too in my presence. In that case I could not do anything just to stare hard at Pawwa (read again in anger). Actually I feel the reason behind these things was the intense competition between me and Pawwa as mentioned above.

 To purchase any thing we had to go to the city since our campus was situated on the outskirts. When Puds had to go to the city he needed some one to accompany him and that meant a small party for the person going with Puds. And then the two competitors rose again with their respective swords in hand staging a ruffle-scuffle, ultimately Pawwa emerging victorious mostly but sometimes I would also get the consolation victory.

 The story would continue depicting various aspects of Puds life (like love life) at IIITM but for that I need to get “NOCs” from certain would be characters of this story (hope IIITM junta understood). Till then bye …

Categories: Insight me Tags: