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What Recession means to us? (the unwisened Youth)

Published : October 02, 2009 | Author : abhineet.menon
Category : General Writing | Total Views : 159 | Rating : (6 vote | 21 stars) 0 comments
Author :- abhineet.menon

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Yeah so I was getting bored so I thought I'd put my devils workshop of a mind to work & think of something constructive. For once i had a sensible topic coming to mind-Recession.Yes that "cliched" word we have been hearing about daily but could'nt careless. I mean seriously it means people loosing jobs, firms loosing money & countries ruining their finances. Truly my heart goes out to all these people. We have some people telling
 us its going to last forever the rest saying its going to get over in a couple of months.But the fact of the matter remains that either wy v gotta face it. So wats ther2face??? I met ds guy who completed his engineerin bout2n a half yrs bak n he got placed wd a firm.L use dt as a reference to wt v(graduates n undr-graduates)think placement is.wel accordin  to us its getn a job immediately aftr ur studies.wel heres d heartbreaker its not a job its a guarantee dt ul get a job wd out d chronologic bounds. Wats d difference?wel lets go bak2my frnd.yeah so he got placed but d catch bein dat he got a cal nw aftr 2n a half yrs.quite apparent nw isnt it wat i ws tryin2talk bout?wel nethn els u gather frm ds exampl?ok if u hvnt guesd it.ds ws d situation2n a half years bak!yes m sory but its a process lyk neothr proces goes stepwise.so if u hvnt yet concluded yes it wil also end lyk dt not al of a sudn bt eventually.nw if ur a commerce student or a student of economics u knw d trade cycle boom recession depression n recovery so it seems2us dt recession is jus d calm b4 d storm cuz depression is yet2cm wel i thot d same thing bt then u think harder n u realise ul nvr knw!think bout it unles recovery starts or rather in simpl words until d betr tyms cm hw wil v knw wt d worst tyms wr?ryt?exactly its jus d  psychology of ppl influenced by d market n d market influenced by d ppls psychology-says not me but keynes.id rather not get in2d marginal efficiency of capital n d lyk it wil jus get technical n wil hardly serv my purpose of undrstndn RECESSION in d simplest wy posibl.cmon u think v need2knw hi fi rules n definitions2undrstnd sch stuf?hardly. Jus think d ppl who gave these rules n definitions wat did they refer2?d answer is simpl nothn but common sens.L giv u another exampl i ws spkn2my frnd on d phone bout vijay mallya almost buyin d entire IPL n she sd dt d  man hs somch money evn in these supposedly bad tyms.wel nw if u realy think lyk i did d answer is realy simpl.Vijay mallya is d beer baron of India dt v al knw.now get this picture in ur mind.durin boom evrybdy is happy n celebratin in short consumin beer.n in tyms of recession ppl r loosin jobs loosin money n drownin their sorrows wd d help of?yes beer again!isnt it quite clear nw that he wnt be loosin money until d ppl blow all their savings???so r v al suposd2go in2d alcohol busines?wel dts an option or use ur commonsens again wich othr sector wil b boomin nw?ppl r loosin jobs so de r tryin2raise their value by increasin their qualifications so wich sector does that affect?Education.lets jus get ds fact clear first that education is a service tdy only in Economics txt books.service no longer remains d main goal n truly the ppl runnin these "prestigious institutes" cnt b blamed. d ovr al income of d economy is increasin prices r risin so evn de need2kp up!so education as a sector wil also b boomin wd d obvious need4more teachers n professons n instructors arisin.also if u see This recession gives us an opportunity2go4 wt v r interested in rather than runnin aftr money.u may argue dt ther is no money in the profession ur interested in wel my answer wud b pls luk around!ther is no money newher!so isnt it betr to hv fun n les money rather than no fun n les money???
At d end of it all all v need2do is keep a positive attitude again as keynes says d pessimism in d market is d main rsn4depression.question arises how wil my individualy bein hapy affect d entire world economy?wel here v come bak2our gud frnd common sens.ur happy u study hard u get in2a firm wich isnt d greatest MNC in d world but u r happy dt u atlst got ds job u work hard2kp d job at d same tym njoyn d job.wt does dt do?improves d productivity of ur firm thereby increasin profits.now although d english v hv been learnin thruout our lives tels us 'U' is singular but here in my entire write up i mnt 'U' to refer2all u girls n guys out ther studyin ryt nw. Now notice the multiplier affect of al d 'U's...
N hence i end wd ds- 'U' cn mk d difference...

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