The global economic crunch,is it here to stay!?!


well my one word reply for that would be a straight" yes" without any doubt...lookin at things which have literally written the fate of the great companies like Lehman bros or my personal favorite Meryll Lynch i can safely say it would continue to affect our daily "Business" i have in conversation with many people in this regard as a novice sailor of the great ocean called business though i didnt find the reason in these kind of conversations ,i forsure, found the things which will get me the reason for this so called "crunch" i adressed it by the term so called cuz i feel its all part of business n things tend to aggrevate at times...perhaps in this case its been more of the greed which has put us into the seeming impasse as they say...as i heard the the biggies in this arena ,commenting on issue, like W.L.Ross...... it once put me in spot of bother... ... but when we compare the recession now with the great depression of US in 1929 things seem alot better though we may at some point of time ,godforbid dat shud ever be the case, see the havoc of 1929 to be precis the problem now is if not solely , is due to the greed of banks which lent hefty amount to even sub prime barrowers in the US thinking they are gonna reap more than wat they actually had invested...things went wrong resulting to inflation, meltdown n thus recession.... but nevertheless things will improve in probably an year...or lets atleast hope that happens as saying goes " nothing is constant exept the constant change!!" my next post will be on the prime reasons for the crunch watch this space!!!