From the yearly archives:
Me and Tarun wishes all our families, friends, reader’s and well wishers a very happy, prosperous and safe Diwali. Go easy on the fire-crackers guys 😉
Would post pictures later – it’s still early Diwali morning here in the States.
* as promised, more pictures from Diwali as below*.
God bless…
Kiran & Tarun Srivastava
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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
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Happy Navratri and Dushera everyone!
My dear Hubby, thanks a lot for covering some post whilst I was away tucked under heaps of books and research. I hope many of you out there indulged in Tarun’s view on political and economical situation. I want to hear more on that from you guys. My MBA has bogged me down with quite to do for the last few weeks. This semester is over now, looking forward to my last semester which is just around the corner. So I have many agenda to catch up with before the deadly semester starts 😉
I need to start preparing for Karva Chauth and Diwali which is just around the corner. Gosh, I can’t wait for Diwali. It would be the first Diwali in our new home. We need to do lots of shopping and planning. On a personal note, I need to catch up with some friends over tea and coffee, getting in new flower pots and shrubs for my garden and the lists goes on and on.
Hubby has suggested to go for a new website. Our own website, YAY! I would need some domain name and web hosting suggestions. Anyone out there to give us a few tips?
We have not watched enough movies lately. I think the last movie we watched was … aarr… wait, i can remember…yes i can, come on! yikes! It’s been a while since we sat and watched a movie together! Right now I am hooked on Khuda Jaane, from Bachna Ae Haseeno. I love the song!
Life here can be pretty routine and hectic sometimes. I need to catch up on some reading. I love Sophie Kinsella’s array of books. They are very amusing, witty and fun to read. It is sort of a way to relax at the end of the day, with a nice book and a cup of bubble tea. Yum! I would read and provide review on the book once it’s completed.
I just discovered Tumblr. I think it’s a cool medium for short blog on links, photos, videos and many cool features. Check it out, I’ve created a link on the right bar labeled Tumblr.
xoxo
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Finally a tag from my new blog friend, Mahak. Her blog is simply a delight to read. This is the first time any one had actually tagged me. Bear with me if my answers are a little orthodox or amateurish 🙂
The tag comes with the following rules:
RULE #1 People who have been tagged must write their answers on their blogs and replace any question that they dislike with a new question formulated by themselves.
RULE #2 Tag 6 people to do this quiz and they cannot refuse. These people must state who they were tagged by, cannot tag the person whom they were tagged by, and must continue this game by sending it to other people.
xoxo
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Have a nice week and weekend ahead.
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Hello and Welcome to KiranTarun.com! Ten years ago, I met Tarun, and we instantaneously fell in love. Our life so far, has been a roller coaster ride. From Malaysia and India, we begun our journey as husband and wife to America. Living abroad is like a new birth to life. Read More or Contact us.
