Humble Beginings

Everyday, as I watch the money markets tumble and scared investors discussing the future of their investments, I think. I think about the story preceding this mess, the unforeseen tragedy of events and russian roulette of greed. I think about the long term effects of this crisis and whether it will affect the Indian growth story. I also think about the man on street who invested in share markets and who now grapples with bits and pieces of news and yearns to make the head and tail of the situation.

TV programs talk about the devaluation of Rupee against the Dollar, the price correction in commodity markets, speculation based oil price volatility, CRR cuts and repo rate cuts but none of this explains the true situation to a common man. Nobody explains how and why jobs are being slashed across the industry and why in-spite of all efforts everyday prices for household goods are rising. Common man deserves to understand the effects of so called "policy changes" on his daily life.

Through this blog, I try to explain the economic turmoil and the day to day changes in simple language. Mind you, I am not an expert. But my interest in economics and the fact that I was pursuing my MBA when the US housing bubble burst pushed me to delve deeper. The topic intrigued me and I worked on a paper on "Sub-prime lending", thereby gathering information and understanding of the underlying issues.