Monday, September 15, 2008

From Recession to Depression

Everything was well in control before I left for vacations to India last November. I left everything in good shape but gosh they couldnt take care of the things in my absence. If I knew this before, I wouldn't have gone for it I swear.

I came back in December and saw a line of worry on the foreheads of my friends, my collegues, my managers and my Employer. And the rumours were in air that a recession is comming. But I didnt believed it and I kept looking for a job after I recovered fully from my bone breaking injury. I had a broken collar bone, great deal of confdence and a genuine six years of experience and I thought I will break all the odds with a combination of these three.

But I did saw a slow down, I called it a mere slowdown since eventually I got into a job. My other friends who couldnt make it, called it a recession.

I got confirmed for Bear Stearns on Friday March 14th and BS started shaking after that, JPMC offered $2 per shares to this big giant on Monday March 17th when I was supposed to join BS, damn it ! I said No to this Two dollar company, you dont buy it okay so lets be honest I got a offer cancellation on Monday.

After few more ups and down I finally got settled in a Health care company.

Sitting quietly and safely here I saw Fennie Freddie comming down and gas prices going up. Last weekend when I waS watching Hurricane Ike blowing everything in Heuston, this wall street shakes rocked the news channels. I speculated that same bailout will come from Fed and this two hundred years old company will be saved on the shoulders of Tax Payers. But nothing like that happened, Barclays and BOA raised hands and this one finally filed bankruptcy today. BOA is buying Meryll Lynch. AIG and Washington Mutual are the next ones wating silently for their fate.

So see this is what it happens when I leave the country on its own for a few weeks, from slow down to recession it finally falls nose down towards DEPRESSION.

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