Friday, October 10th, 2008
Am I the only one that is actually getting some enjoyment from watching the global financial crises?
I know I shouldn’t find it quite so fascinating but for some reason I do. Like watching a beautiful tornado just before it smacks you in the face. Just because you know it’s going to hurt doesn’t stop it looking amazing on the way in.
I’m sure I won’t find it so fascinating as I stand inline at the soup kitchen. But watching the stock market and governments panic is not an everyday sight. If the financial world is sinking like the Titanic then I might as well stand of deck and enjoy the view.
Actually I blame the The Daily Show and the The Colbert Report, they could make the end of days sound funny.
October 10th, 2008 at 4:06 pm
Hi Phill,
Me too :) I am loving it. I am from INDIA. We are still growing at 8%. But amount of Frenzy we are looking at despite growth is mind blowing. There is constant talk of US economy and how and what etc :).
I think media is blowing the issue out of proportions then necessary.
October 10th, 2008 at 5:48 pm
Wow! I’m usually optimistic. 2008 is a good year for me from income point of view. But 2009 will be a disaster for sure (first cancellations already came in)and although it doesn’t keep me from sleeping, ‘enjoyable’ is not the word that comes to (my) mind. Congrats for such a positive attitude.
October 10th, 2008 at 7:34 pm
Like watching a car accident. You can’t stop it, so you might as well enjoy it.
October 10th, 2008 at 8:13 pm
This is all part of boom\bust economics, only today with modern technology we see things happening at a hugely accelerated pace.
I am unhappy to see people lose their jobs, because even for the wealthy bankers, their families suffer as well. I think your commentator from India is a little naive about how the GLOBAL economy works, how old is the 8% growth statistic. Who does he think is funding the emerging markets?
Lastly I do find it fascinating, but I am sad for the middle man, who has not gained much in the good times and could stand to lose significantly with his pension and increased council tax etc. There are two sides to every story.
October 13th, 2008 at 9:45 pm
mr dev is a little over optimistic or naive is the word
bbc report says that foreign investors are lining up to exit india and the local currency value has lost alot of its against dollar , similar situation is of stock market
October 18th, 2008 at 12:56 am
Yes, however the internal demand in our economy is huge. People are sitting on huge pile of cash. Same with China. While Economy may hurt a little it’s not going to be a shoe-stopper. 8% growth is CURRENT DATA!. So no, I am not over optimistic. IT Companies like infosys and Satyam is not only companies in INDIA!
May be you guys are not too familiar with our country. But current projections from major institutions like World bank,IMF, Moodys’ etc, still predict over 7% GDP growth.