Since the time Lehman went burst last year, the markets all over the world seemed headed for a bottomless pit. The impact was felt by everyone and it was easy to see how the plight of the rich bankers got transmitted to even the last strata of society including the maids and washermen who too knew that it was
recession time .
It seemed to be a dark tunnel with no end in sight. I personally knew a lot of friends who became the victims of this crisis and lost their jobs within the first few months of their joining. Some of them were into the first ever job in their lives and were totally clueless about how to find another job, specially in geographies like US and UK. The same geographies which were indulging in reckless brain drain from India few years back were keen to throw all the unwanted rubble back to the poor nation without delay lest they eat up the resources meant for the original citizens. I guess those legislators demanding reservation of jobs for nationals are nothing but the American avatars of Raj Thackrey.
Everything seemed to be headed for doom with even the IIM campus placements being dismal to say the least. Every month, I got to hear about some batchmate or the other losing the job...really tough time.
But, just as they say - Change is the only constant in this world. Even this stage was not going to last long but the battery always seems to be running out too soon.
In the meantime, a black man for the first time in the history of the world reached the White House promising the world only one thing - "Change". But, in our own nation, the junta janardan reaffirmed its faith in the honest Sardar who ushered in the era of liberalization.
The economy world over has started showing the signs of revival and I too am happy given that my friends have started getting the appointment letters instead of retrenchment ones.
Let us hope things continue resurrecting from hereon and this does not remain another deadcat bounce.
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6 comments:
I really hope things recover.
Not sure if things have improved a lot; from what I see I think this gloom will last for a few more months.
Amen to the last line :)
@Dastak: Agree with you, change has just started - impact yet to be felt.
@Partha: amen indeed.
Hope ihe impact reaches to recent graduates soon :)
I really hope so
nicely put
I am not very optimistic about the economy at present, may be the worst is yet to come! It will be good to know the signs of recovery you saw while writing this post. But the recovery will be good for everybody. Lets keep the hope alive.
Take care,
Monu K.
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