We are all feeling the effects of the market crash. Some people have lost a lot in the market in terms of 401K and some have lost their jobs as well. So now that we are all into it together, the most important question is – When is this going to end? And the answer can be found only if we knew exactly what we are into? Some say we are into Recession and some say we are into Depression. For a nation (USA) as a whole, we are certainly in Recession and slipping into Depression every single day. For individuals though, it is extremely personal. When you have lost your job, it actually is Depression. If you are cutting on your expenses, lost in 401K and stocks and worried about job, then it is Recession.
So personally we all know what is happening but as a nation we need to analyze. So now that we surely are into Recession as a nation, what is the benchmark for a Depression? A sustained Recession is classified as Depression. So now from the results and stats, we are into recession since last 6-9 months. If this continues for another 6-9months, we would be in depression. Looking at the financial state, we dont see a bottom right now for the market and economy. I think market is going to stabilize around 5000. My assumptions are based on P/E ratios for DJIA companies and I see that 5000 is still an inflated number. But some logical thinking says that markets reflect futures as well so we can say that 5000 seems reasonable.
Now away from the market, how do we know we are stabilizing our life styles, our expenses. we borrow from future in terms of auto loan, home loan and credit card loan. So now we have borrowed enough from future and we need to go into future with less expenses. So we would see for quite some time, people would cut spending and save some more because of the shaken finances. Result? – A very likely Depression.
The other problem that comes with Depression is that people cut back and dont spend long time after the problem is over. So it is not going to be easy for long long time.
So now that I think we are into Recession and going into Depression, what do we need to do? We need to make sure we prioritise our expenses on monthly basis and expenses on spendings that can be avoided. Make sure you know that 2 gallons of Silk Soyamilk costs 1$ less at Walmart. You know what costs how much and where. So now that we have a long time problem in our front, we need to be careful and judicious in what we are spending. And in the end we need to keep each other informed and entertained by cheaper means – BLOGGING:)
– Tarun
Oh my god! I can never fathom what has just happened. My in laws, families and friends are in Delhi, and thank god they are all doing fine and well. Our thought and prayers goes out to the ones affected and hoping for the safety of the rest, as we all try to digest what just happened. Act of terrorism existing in the 21st century, is hard to believe, and this have been going on all the time, every where around the globe. This is a cowardly and selfish act, claiming to be heroic by the minorities who believes in killing the innocents and not obeying the law. There are other ways of negotiating. I shall not write or comment more on these terrorist as I do not want to glorify them in writing.
I shall bid adieu now, with the thought and prayers of Delhians safety. It is a very emotional time. For all of us.
I am thoroughly devastated…
Recently, it has been difficult reading Malaysian news. Politicians like Datuk Ahmad Ismail should be detained under the ISA for calling all Chinese in Malaysia squatters. Instead of feeling guilty or apologetic, he believes he did NO wrong in saying so. I can’t imagine if we were let out loose if any one of other race, be it Chinese or Indian, were to make such derogatory remarks about the Malays. Can they explain justice in this? This politician is now walking free without any detention, merely a 3 year suspension from UMNO.
It is time to abolish ISA and come to the terms of basic human rights. Let’s begin listening for once and not shun Malaysians who wants their voice to be heard and justice prevail. Three ISA detainees, namely Raja Petra Kamaruddin a blogger, Teresa Kok a state assemblyman and Tan Hoon Cheng a journalist, are going through significant ramifications for sharing their ideas and beliefs. Race has been a huge issue in this country. How long would the majorities ill treat the minorities and turn our country into shambles? Known to many as a multi-racial country, we are heading towards a road of colorless beliefs, ethics and ethnicity. Wake up people, it is just not about YOU, it’s all about US, EVERY ONE OF US.
Instead, bloggers and journalists are being targeted under a draconian law. One of basic human rights I believe is freedom of speech. The right to express or challenge opinions legitimately. Not by living in a cocoon society where one is under scrutiny 24 7. A monarchy ruling and government that constitutes democratic parliamentary, surely the people of Malaysia expects more than just a push-over political tactic every now and then.
MALAYSIA BOLEH! God bless…
To know more about Malaysia and the ISA, visit The World Factbook, Wikipedia and ISA. For detailed news on the ISA detainees, read here where it all started.
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