Surpisingly not many of my IIM batchmates are blogging about the current crisis. Is it an effort to not acknowledge an inconvinent truth or they are too much in shock to reflect and post on it?
Its neither. Frankly, its one topic that is being (over) reflected on; quite a bit by everybody including 'aam aadmi'.
Do you really want yet another discussion on the current crises and its implications? Everywhere I go, the only thing I do is to explain to people is why the current crises has happened and what are its implications. Frankly, I would be the last person to blog it or read about it on someone else's blog. overdose ho gaya hai.
Instead of expecting someone else to write on it, why dont you write about it?
Well one should write on things which one understands or tries to understand. Investment markets are something I don't nor I am too much interested in it. What I am interested in is the implication of all this rescue packages: with FM saying today that more liquidity will be infused into the market. Where is this liquidity going to come from and what impact it will have on "aam aadmi"? Another point which I am wondering is the most apt statement on this crisis: Privatization of profits and socialization of loses. Why are the assets of all the bankers not frozen before the banks are given any rescue packages?
That last question is like asking Shiela Dixit (CM of Delhi) that why dont you give a monetary package to those who did not do illegal construction and were honest citizens. Afterall, she is now trying to 'legalize' illegal colonies/encroachments. Frankly, am myself at a loss to answer such questions. As to your understanding of the whole situation, you are an IIM graduate. You are expected to have the above average intellect to understand and assimilate these things (without going too technical on them). Surely, you are underestimating your own potential to write. And anyway, who wants a Banker point of view on these things? They would muddle the explaination with a lot of mumbo-jumbo. I am sure you would do a better job of explaining the whole saga.
3 comments:
Its neither.
Frankly, its one topic that is being (over) reflected on; quite a bit by everybody including 'aam aadmi'.
Do you really want yet another discussion on the current crises and its implications? Everywhere I go, the only thing I do is to explain to people is why the current crises has happened and what are its implications. Frankly, I would be the last person to blog it or read about it on someone else's blog. overdose ho gaya hai.
Instead of expecting someone else to write on it, why dont you write about it?
Well one should write on things which one understands or tries to understand. Investment markets are something I don't nor I am too much interested in it. What I am interested in is the implication of all this rescue packages: with FM saying today that more liquidity will be infused into the market. Where is this liquidity going to come from and what impact it will have on "aam aadmi"?
Another point which I am wondering is the most apt statement on this crisis: Privatization of profits and socialization of loses. Why are the assets of all the bankers not frozen before the banks are given any rescue packages?
That last question is like asking Shiela Dixit (CM of Delhi) that why dont you give a monetary package to those who did not do illegal construction and were honest citizens. Afterall, she is now trying to 'legalize' illegal colonies/encroachments.
Frankly, am myself at a loss to answer such questions.
As to your understanding of the whole situation, you are an IIM graduate. You are expected to have the above average intellect to understand and assimilate these things (without going too technical on them). Surely, you are underestimating your own potential to write. And anyway, who wants a Banker point of view on these things? They would muddle the explaination with a lot of mumbo-jumbo. I am sure you would do a better job of explaining the whole saga.
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