in my view, the biggest eye opener this recession would have been the real estate slump and the bubble break which would removed the bad blood from the system, thus strengtening the roots of a economic resurgence. This is what happened in the United States, but sadly the government-banking-real estate developers lobby tried successfully in eye washing the common public and making some of them jump the chasm of buying property right now.
Old Days : Farmers used to take loan from big jamindars then they used to repay interest for generations. Still principal used to remain intact.
Nowadays : Farmers have donned the face of Common Man and Big Zamindars have taken the mask of Insurance and Banks. The system is same. Get loan and book your life in paying EMI all through out your life . In other words, get into the clutches of cheats in the guise of BANKS or financial systems.
Nothing has changed over the years. It is back to square one.
Re: Old System is alive---New Faces have ushered
by pepsi on Dec 25, 2009 09:29 PM
Actually nothing has changed except climate due to our irresponsible behaviour
Re: TOO GOOD ARTICLE.......
by mohit kumar on Dec 28, 2009 04:18 PM
rahul the problem is not emergency saving but i think we are spending more then income so all these things are going on what do u say
