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Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Thursday, October 2, 2008

ALL FINE, GUYS!

In response to my recent post "In the Thick of Pink", (if you havent read it please do) some of my friends forwarded me mails on related subject. The text of which are reproduced below:

Mail No. 1
Sub: The United State of US Banks

A Popular quote doing rounds post-Lehman, AIG fiasco...
" There are two sides to a Balance Sheet.- Left & the Right
( Liabilities and Assets respectively)
On the Left side there is nothing right.. and on the right side there is nothing left "

[Source: Email Forward]

Mail No. 2

Marc Faber comment on US economy Recently

Investment analyst and entrepreneur Dr. Marc Faber concluded his monthly bulletin (June 2008) with the following words:
''The Federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part.”
[Source: Email Forward]

ALL FINE WITH INDIA, THOUGH
The panic caused in the stock markets and anxious Indians withdrawing money from a reputed Indian Private Bank led the India’s Finance Minister appeared on TV and assure all Indians in a Javed-Jafri-esque manner “We are different!”

“OUR ECONOMY IS FINE”, he insisted.

I have never doubted the announcements of the Indian FM. Never.
The confusion however is caused by a recent acronym that goes thus:
FINE – F***ed, Insecure, Neurotic and Emotional


Pray tell me, Hon. FM, did you mean fine in lower case or FINE in upper case?