Inspired by Euro crisis
May 26, 2012 7:35am CST
In the long period of Euro crisis, I started thinking of some more general issue, the basic cause of the crisis. That is what i am thinking: Economic Politics Politics War Economic Our Everyday Life Politics Anyway, the point is "Everything related". When we try to think of one of the problems, it is always related to others. Then, we need to consider other issue that related to those area. And it comes to some points that the problem is too big to be understood. The world becomes a huge monster! That we created, we lived in there! And we cannot go back!
26 May 12
I think that is the curse of a global economy. Something goes wrong in one part of the world and there is a ripple effect in all parts of the world. Currently, here in India, the Rupee is crashing viz. a viz. the dollar due to the Euro Crisis. And suddenly the inflation in India is going at a rate that is steepling and the common man here in India is one who is really suffering for financial goof-ups half way around the world in Europe!! Crazy!! But true!! Cheers! Ram
26 May 12
The official rate is that it is close to 7-8%. But out on the field it is close to 11-12% if you look at the cost of the essentials. Just recently we had nearly a 10% hike in the fuel prices and this was the 5th time that the prices have been raised in about a year and half, so you can understand the implications. Cheers! Ram