Nishit's Weblog

Cheers may be a long forgotten word, or rather a word spelling luxury for an Indian banker, financial wizard and techie- who would otherwise have been gung-ho about his/her prospects in the USA and even UK! The collapse of financial behemoths in the USA is definitely bad news for the Americans but worse news for the Indians holed up there, with an ‘American’ dream. They were not wrong in dreaming big or harboring great ambitions in their minds…it’s just that (the right) circumstances didn’t give them company. ‘Survival of the fittest’ is definitely the mantra today and for many days to come, moreover, its ‘test amongst the fittest’…not only will the ‘fittest’ win but the fittest of the fittest will only survive…thriving seems miles apart. So much negativity, gloom and distress…one can’t help but be BEARISH as the Bulls have NO choice but to run for cover as the Wall Street…which millions of the world looked upto, is no longer a positive indicator! Of course, Bears had their time too, i...

Many people across the world are panic-stricken and talking about the severe slump in the US markets. More than the many 'talkers', several people across the globe are actually affected by the domino effect (remember the song by Pet Shop Boys, Domino Dancing...watch them all fall down) in the USA. With Lehman Brothers...no longer in arms, acting as the catalyst and opening a can of worms, other financial organizations followed suit. Big names like Goldman Sachs and Morgan Stanley quiting investment banking, and the fallout of Bear Stearns and Merrill Lynch, are huge indicators of the pace of world's economy slowing. Most of us are aware of the 'Great Depression', which resulted in major economies of the world nosediving. Presumably, the 'new great depression' will cause a greater catastrophe in comparison to its predecessor...definitely sending shivers down the spine of many. The USA was already 'bleeding' since years, its just that it needed a catal...