Thursday, November 13, 2008

Financial Crunch

Hello all,
Its been the most stressful time for many individuals i guess, everyday morning some news or the other on the Job loss, pink slips, pay cuts,cost cut etc... Every day we hear bad news on corporate. Corporate bleeding with financial/liquidity crunch, not body is lending to other these days.... nobody trust each other, banks are reluctant to lend to banks, hence we are seeing call money going at 18-20 %. Life has become real question mark, dunno wats happeneing.. Though so much of finds are coming but we are seeing all money going to GOvernement bonds... Anyway for a common man, this liquidity cruch is affecting to the core, placements have been hit, so many people are becoming jobless... I hope this doesnot continous for a longtime,and true trust prevails..

Ciao
CHetan

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