Friends
Today I wish to share about the Economic situation around us. In fact this is my subject which is giving me bread butter since more than two decades. Once again the economic cycle has changed towards recession. The demand is going down and thus production would also slow down. The impact of the recession in today's globalised world is shared by every one through out the world. Only the force differs nation to nation. Stock exchanges are showing only red screens and the sentiments are not very encouraging. The heat has already affected real estate, oil, steel and so on.....
My point to raise here is what would be the ultimate consequence of this recession? Whether USA and other developed nations where unemployment has increased substantially and demand gone down would watch, wait and see ? How the poor nations would survive? The pity is that most of the poor nations are rich in resources where as rich nations have lot of nature based difficulties. I believe the situation is not going to be improved soon and if I put in very harsh words then there is going to happen some human conflicts and ultimately nation conflicts. History proves that when ever there was recession or downfall, the boost came from human conflicts i.e. wars etc. This seems some wild thought but surely there is something in store. The conflicts always prove a better option to come out of the difficult situation. After all the demand is to be increased and resources to be pumped in for survival. And the survival of the fittest is only mantra in such situation. But this does not mean the time ahead is bad it is going to be a great time to learn and survive.
with love
cpjain
with love