My view on Global Markets

Lehman, AIG, Barclays..etc etc..I ve been listening all sorts of Financial names for past few days. Although i already had my share my acquaintance with these names but from a different angle altogether. For example Lehman to me is a former Australian Cricketer and plays for Rajasthan Royals in IPL nowadays. Barclays are the main sponsors of premier league and likewise AIG for ManU. This news gave a different perspective to my acquaintance with these names. This was the only impact this news made in made life. Although it created havoc at dalal street and likes of it in different countries, channels like CNBC ran hours of stories on this. Experts around the world gave their inputs someone termed it as Global Meltdown or US meltdown. UTVi barged into a party at ISB and interviewed couple of worried students who shared their nightmares while chewing their fingers off to make it look more realistic. Banking to me is a process that starts from 1st of every month and goes on till 5th of the same month.

Well, this is another post which has been in pipeline for couple of months and a lot has been happened during this period to add by courtesy Common Admission Test. Satyam plummeted and Nortel filed for bankruptcy couple of days back. So much has been said and done regarding this forcing governments around to world to spend billions of hard earned money of their tax payers. Though I read few days back in the papers that AIG is best utilizing this bailout package to give incentives to higher management to retain staff. What an innovative way to deal with crisis I wonder if this is what Wharton and Harward taught them.

This is one of the largest sub prime crisis in the economic history of the world because the epicenter of this fiasco was Wall Street the economic center of the world. Companies around the world shunned the staff some small ones even closed their shops. All this added to the panic around the world and stock markets around the world corroborated it. People lost millions in this run down the hill. But my maths logic says that if some loses them someone has to gain which can be confirmed by the statement that 'energy can neither be created nor destroyed it can only be transferred from one body to another'.

The question here is who gained from all this Mr. Raju or likes of him? Truly speaking Mr. Raju didn't embezzled any fund meant for the company he just inflated sheets to raise his stock value which he kept on rollin out at regular intervals. He had all intention to cover it all up by Maytas deal but investors were too concerned about 5400 crores which basically didn't existed. That deal could have been a blessin in disguise after all a stock worth Rs. 360 is much better off at Rs. 180 than at Rs. 6.30 thanks to our prudent investors.But our gujju bhais are even cashin on this. The share is being traded in abysmal figures everyday thereby generating lakhs of revenues for its investors.(what else can you expect from a stock)

I don't know what good or bad all this has done to the world but one thing is for sure it taught me a lot about the other side of the world and yess it also added to the revenue of my paperwalah who got another anxious, ignorant and educated Indian lookin for a copy of Economic Times...