The Economic Crisis !!
Posted on October 1st, 2008 by Kid
I am no economic guru, I don’t even understand how the stock market moves up or down neither I understand why the world economy suddenly has moved on a downward slope (or rather a cliff !!). But somehow I feel this is the golden chance for us, to make hay while the sun is shinning, while the major super powers are facing a crisis, it is our turn to make use of this opportunity and come out stronger than anyone from this recession.
I know we can do it, it is just that we need to have the right mindset to achieve it !!
What you’re saying is very vague. Looking at the dependency chain if the World economy is down so does ours.
Why is the World Economy only related with the US’s Economy. The US had recession so did the world. Why cannot we be dependent on ourselves.
We have good production capabilities and we have the consumers also.
Secondly, we make good and cheap products, its our chance to export. Do you notice, suddenly there is huge demand for vehicles which are good in efficiency. Indian Market always had cars with good mileage.
Again, as I said, I am no economist and I don’t understand all the mumbo-jumbo. But I believe we can come out strong.
I’m also not an economist bro!
What I fee is that you’re making these statements in anguish… Sorry if I’m making it look the wrong way.
The world or in short the US economy is the largest economy and it drive other country economies too…
The first rule in economics is “Demand n Supply”. The US has got more demand than other nations so the center point is the US. I hope this explains the funda…
How do you expect me answer if you have parked the comments
So sad!!!
Hmm, I don’t they are moving as spam, as I can see this comment. I will check my spam filter still !!
In case, I cannot still make them, you can send me a mail.
Yeah, I agree, its all about Demand and Supply.
Secondly, the epicenter of demand should also change. Since we have the biggest (after China) young population, we should be driving the demand.
And again, the demand of the types of products will realign. And somehow I believe we should be able to meet that demand with right kind of products.
It’s not about population or any other factor. Even china can’t be the focal point as it’s known that the US has greater imports from China than the exports.
In India we’ve not grown to the extent where the lifestyle has changed substantially… Also, after the US we have the European countries which will lead the race
About China, as you have rightly pointed out, their Economy is mainly Export Driven. Essentially, this is the reason why it cannot be the Focal Point.
I believe, the most important economy in the world is the economy which takes in lot of products but has lot of production also for self consumption.
The Economy to be vibrant needs lot of liquidity, and consumption of products using that liquidity.
India, takes in huge amount of products from the world. And we have the capability to emerge here.
So I believe, to a great extend it is dependent on the population.
I may definitely be wroing here. But this is what I believe