Balagopal
Banking Management, December 08
It is again the time to cull out men from boys.
The world is still pondering over what has hit them while I am writing this article. The news articles are filled with recession economics, what went wrong? , what are CDO’s? , who is to blame? Et al. Are we witnessing one of that black swan event’s which has defied all human logic and predictions? Time will tell. However world would move on and so would the economy.
One of the laws of physics which will stay in almost everyone’s tiny head is that for every action there is an equal and opposite reaction. The action? No prize for guesses since most of the world is well educated about the consequences of this economic catastrophe by now. The reaction is an upswing and prosperous growth in the near future. When? Even I wouldn’t know. The only clear signal to everyone is that there will be a recovery and when that happens there will be a sudden surge in demand. The corporate who would like to be on the right side of that growth need to start working for it now.