Wednesday, November 12, 2008

economic crises FROM MYE VIEW.....





after soo long i came back n wann to talk about economic crise 

the tsunami of american wild west has made a devastrating impact on whole world market
wel as like everyone we indian also deeply affected by it........moreover we not only affected but many company has got themself into a live bombshell
recently some news got into exist that americas biggest motor manufacturer GENERAL MOTORS is facing severe financial problem n asked for help from fedrel reserve.............
but wat was the reason FOR ALL THIS FINANCIAL CRISES
i hav GOT THESE POINTS
  • Resently few days back when we are not facing alll these when all was going god n great, companies have raise salary of there executive n this has raise there living standard.
  • These requirements have made them to buy flats i.e. they invest there money in real states.
  • they buy lots of flats in america n india n place them in bank N GOT HUGE LOANS.IN TERMINOLOGY WE CALL IT "SUB PRIME LOAN" or "margage loans".
  • but becouse of some reasons shares of real state has fallen down so market value has just crashed.
  • as market goes down companies has to reduce there salary so there living standard effected.so unable to pay the instalment to the bank in order to clear there loans.
  • meanwhile prises of real state also affected n market value decline.
  • this made people to save money as salary goes down .
  • those who have taken loans. instead of giving installment they handed over there property to the bank in the form of final money/instalment.
  • now the ball is in banks side & they have to sell these property to recover there money.
  • but they are unable to do so because of the gradual decrease in the prise of real state.
  • so bank are now unable to get money from the market.
  • these investment are so big and vast as they have use there money in market but unfortunatelly they loss this match.
  • n finally they have nothing in there vault.
  • some of the banks are LAHMANN BROTHERS, MERRILL LYNCH
  • IN INDIA "ICICI".


AND FINALLY THEY HAVE TO SAY THAT THEY ARE "BANK CORRUPT".
SO FINALLY I WANT TO SAY THAT PLEASE DON'T TAKE LOANS .
BE SAFE
N HEALTY
SO DO WEALTHY
N BUY PROPERTY.



RISHABH SHUKLA
BTECH 2ND YEAR

3 comments:

RISHABH SHUKLA said...

i donn understand why people find interesting to read poems n giv comments but when something is really interesting and educative u find it bore
i really disappointed.......

Vikas Bajpai said...

the fact is this...ki people are unaware abt the market conditions and they dont find NIFTY n SENSEX interesting.........

sumit said...

u not wattt buddyyy...these r the most boring topikkks f d markett...d u kno y lehmann was bankruptedd...y d market s r goin downnnn....its nt dat simple for us...these things r fr buisness analysts dear