Economy and Paul Krugman Blogs

Sunday, November 16, 2008

Balancing the Financial Mess and Solution

From nook and corner of every country and every place, people tend to speak only about recession and money crunch, mortgages, real estate , interest rates. Wherever the topic goes
to recession, the Country that comes to mind is USA and its Allies. There seems to be widespread damage that has happened as what we thought as a HIT, but it has turned out to be a METEOR SHOWER engulfing so many Companies, economies both emerging as well as developed.

The G20 summit has to provide concrete steps and also provide framework to alleviate the fears of recession and to stall further economic crisis throughout the World. Allocate work and monitor the progress of reforms, policy changes, way things were conducted by US Govt in giving a free hand to Banks, lending institutions and the lame duck attitude towards mortgage crisis and aftermath. Certainly the blame is on USA for the crisis to become deep and hitting almost all
major economies like France, Germany, BRIC and Japan widening the Crisis and running helter and skelter for COVER.

World has to remind itself that when it comes to clean up the Act has to be so clean that there is no blame game, nor policing by any Country on neighbour country and policies and decisions has to be taken to control their own economies. But the answers or solutions to the Mortgage and Banking Mess should come from all quarters and from World Leaders is not to be highlighted.
The new WORLD ORDER and the new leadership under OBAMA should envisage a world without fight, War , intrusions in to other countries without prior need. Care should be taken to alleviate the fears of Common man, working class and the elite or so called HNIs and FIIs .

Bailouts and Burnouts are going to be heard as we go forward , but what needs to be tackled and policies and reforms and tightening the credit across the Banks . Why not the Banks and the Financial institutions need be placed under a Security and General AUDIT on their lending and Banking practices ? This Audit may provide new findings that can be shared across countries and best practices if any, can be taken to another country where the banks have failed to protect the citizens and put the entire country for sale.

I would seriously advocate the need for AUDIT of Reforms, Financial system, Banking Industry and if there is a mistake, crime committed by a Bank , it has to be taken to Task and made to learn a lesson. Banks , Financial Institutions, FMs of G20 and all other who are connected to and are concerned about the recession should come UNITEDLY to FIGHT this economic CRISIS.

Lets hope NEW YEAR and Christmas usher in goodwill and a happy economy and Markets returning to NORMAL. Awaiting the reforms and packages from G20 .

Wednesday, November 5, 2008

Obama Vs Free Market

OBAMA is the new keyword across the world and his passionate speech at the Presidency win thrilled lots of audiences across the globe. As a true admirer of him and a follower of  American dream , I would be glad to see Obama clearly paving the way for a true Economic stability in the World. 

Obama has always advocated that he will bring jobs to people who are in need and create a cohesive environment inside USA and outside with a focussed mind and a vision to create an America where everybody lives equal and are considered equals and no rascist and hatred remain. 

As we herald a new era in INDIA Vs USA cooperation, time has now come to begin a new friendship and goodwill across nations and BIG Bulls , as the Stock Markets used to call has to concentrate on creating a sustaining Economy and bring much needed cheer and hope to global citizens . 

Look forward to great thrust on the american economy and the world economy as well.   As an avid american dream fan and also a techie, I would be glad that OBAMA would bring cheer in World Markets and also with his capability to introduce reforms and regulate the US Markets.

I wish OBAMA a great presidency and a welcome from India. 

More to come post market opening today. 

Tuesday, May 6, 2008

Economic Stability

Economy growing at a faster pace and growth stories abound in land of opportunities and also the BRIC countries growing faster than American Economy and its peers is a common news nowadays. But fact is what is considered a stable economy and where is the economy which most of us would like to emulate.

Economic Stability refers to financial reforms, inflation under control, manufacturing output to maximum and stability in Food and Oil prices, Corruption handling, Tax measures to tax public based on proportionate wealth. Although above points are considered as quite strong pointers to economic stability and most elegant of all ECONOMY OF POOR and HAPPINESS OF POOR is often mistaken for the lavishness of the Aristocracy or the so called billionaires or millionaires which ran to pages in most of the stylish magazines.

A Reformer is one who undertakes to maintain the stability of the economy even in adverse conditions and continue to lead with a clear vision of attaining the growth that has been envisioned and projected for leading a country to a economic superpower .

Alos ! Some countries mismatch their economy by raising their might like the one country which has undertaken a measure to equal everything in size and numbers , especially with manufacture , military and people skills. Stability in economy is ushered by long standing and beneficial policies for common man and a King who takes care of his people in a way that the people consider him as one among them and respect him for his Power and Panache.

Stability in Military might and Money showdowns will not deter any country from going to a good amount of recession and especially the so called JUMBOS into beating the dust and the new economy emerging from horizon.

Stability means Reform, vision of the economy and the reformers, thought process of the people. Political stability is also considered to be factor to influence policies which are beneficial to poor and the boost that is needed for emerging powers to come to limelight and bask in glory.

I wish that India as a nation stand out tall among its peers and emerge like a Shining diamond in the Sky with more economic stability and policies targeted to masses which are in need of much needed tax freedom and the power to enjoy what they earn.


ECONOMIC REFORMER IS ONE WHO HAS VISION AND PANACHE TO DRIVE ECONOMY TO GREAT HEIGHTS AND MAINTAIN THE VISION ALL ALONG AND BE STABLE.

Will continue with more news from Markets and Economy in a shortwhile.