Global Cues

M/S Standard & Poor has reduced the ratings of US of A from 'AAA' to 'AA+'. I am not sure as to what these 'A's represent. Nevertheless, there has been a downgradation. In many of the western economies, a slump is seen around. This is bound to have an effect on Indian Econoomy too atleast in the short run. Global stock markets underwent a 'correction' in yesterday's trading session. Market analysts use 'correction' but actually it is a downslide i suppose. Is there any bigger 'Correction' is in the offing ? I guess it is better to ask an astrologer rather than to a stock analyst.

In days to come, value of money or the buying power of money is going to dwindle. In the mid nineties, taking up an insurance policy for a few lakhs was considered to be sufficient. As of now a few tens of Lakhs is the requirement. By the time retirement of the individual comes, whatever he/she has set apart might prove to be insufficient ! It is a never ending saga of Gap NOT bridged. The only industry which multiplies the input is farming. However gross neglect has beaten up this sector in India. There had been innumerable suicides by farmers in many states of India. If we do not address the root causes, it will be difficult for us to sustain in the long term. May wisdom prevail....