Tuesday, June 23, 2009

Glitters but not GOLD


Another sad story in the line, Reuters mentioned that World Bank warned that prospects for the global economy remained “Unusually Uncertain” despite recent signs of improvements in parts of the world. I think common man really get confused with these short time predictions. My question is; do we need to come-out with these funny ideas those contradict and stands nowhere even in their own ground? Stock Markets in world wide play around the sentiments and we have seen that these kinds of reports do nothing but create a wrong impact on this over sensitive market. As Reuters quotes world bank my cut its 2009 forecasts for most economies. In my opinion we need to develop a new terminology for this fluctuating forecast. It’s like that you predict a winner for a marathon and keep changing your prediction after every 5 minutes. These are not healthy indicators in longer run. In the new world we are adopting a “save yourself” mechanism where the bigger economies hardly bother about dependent economies; European union remained unimpressive to handle these crisis whereas Americans are showing foresight by strengthening their ties with India to gain ground in Asia’s fastest growing economy; (Quote: recent World Bank prediction is that India’s growth will beat china for current fiscal year). The title of the said report is “World Bank sees most economies in deeper slump” If the world is a global village then we are surely divided between resourceful and resource-less. World Bank reports are indicators of the future disaster what may go beyond any control. Growing terrorist activities and week economic scenario will take human race into a dark age; may be we are leading towards an era where we will have two different worlds. Time is not to change the vision but SHARE THE VISION.

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