What Is Recession?
Do you know what Recession is “Old wine in the New bottle”
Dear friend you are not going to understand what Recession is even after reading the below story so please don’t waste your time…..if you have enough time like me, to kill please go ahead….
Once up on a time there was a period when the country was hit by recession, government tried their level best to over come it but it failed.
One day Mr. Kasim who believes him to be a good negotiator walked in to a semi constructed apartment which had stopped construction due to recession, he struck a deal with the owner Mr. Atif, that he will sell the entire apartment to an Arab, and he succeeded in that in return the Mr Atif presented Mr Kasim a hefty cheque.
Happy Kasim decided to buy a Rolls Royce, he walked into the showroom and ordered in a single cheque, the sleepy Rolls Royce showroom owner woke up with joy as he is getting an order after 8months, its clear that there is no one in the world who is more happy than him, he decided to gift his wife with a diamond necklace.
He walked in to the near by Jeweller and ordered for a Diamond necklace for his wife, the jeweler who hasn’t even sold a single piece of diamond for the last 6months jumped with joy and announced throwing a party for his staffs.
He called up the near by restaurant and fixed a party for that evening for 30staff, the restaurant staff started throwing away all the rats and mice which had hijacked the kitchen for the last few months, the FNB and the Banquet guys jumped in to action in ordering Chicken, Mutton, Liquor and many more….you can see every one is getting business here, the closed vegetable store started functioning, the grocery functions came back to normal, people started moving in the streets…every thing started from the first cheque presented by Mr. Atif.
The next day when the bank opened Kasim got the shock of his life that the cheque getting dishonored….here ends the story……what’s the moral of the story???
This is what happening in India now, the Government had decided to cut down the Interest rate for Home loans and that too for the New Loan Applicants, what they have offered to the old loan’s is nothing and now they are tempting the new buyers to get the advantage and promote the real estate, more over the cut down rates are only up to June 2009, so if you take a new loan now you will get stuck after June 2009….don’t you see any resemblance in both the stories
Dear friend you are not going to understand what Recession is even after reading the below story so please don’t waste your time…..if you have enough time like me, to kill please go ahead….
Once up on a time there was a period when the country was hit by recession, government tried their level best to over come it but it failed.
One day Mr. Kasim who believes him to be a good negotiator walked in to a semi constructed apartment which had stopped construction due to recession, he struck a deal with the owner Mr. Atif, that he will sell the entire apartment to an Arab, and he succeeded in that in return the Mr Atif presented Mr Kasim a hefty cheque.
Happy Kasim decided to buy a Rolls Royce, he walked into the showroom and ordered in a single cheque, the sleepy Rolls Royce showroom owner woke up with joy as he is getting an order after 8months, its clear that there is no one in the world who is more happy than him, he decided to gift his wife with a diamond necklace.
He walked in to the near by Jeweller and ordered for a Diamond necklace for his wife, the jeweler who hasn’t even sold a single piece of diamond for the last 6months jumped with joy and announced throwing a party for his staffs.
He called up the near by restaurant and fixed a party for that evening for 30staff, the restaurant staff started throwing away all the rats and mice which had hijacked the kitchen for the last few months, the FNB and the Banquet guys jumped in to action in ordering Chicken, Mutton, Liquor and many more….you can see every one is getting business here, the closed vegetable store started functioning, the grocery functions came back to normal, people started moving in the streets…every thing started from the first cheque presented by Mr. Atif.
The next day when the bank opened Kasim got the shock of his life that the cheque getting dishonored….here ends the story……what’s the moral of the story???
This is what happening in India now, the Government had decided to cut down the Interest rate for Home loans and that too for the New Loan Applicants, what they have offered to the old loan’s is nothing and now they are tempting the new buyers to get the advantage and promote the real estate, more over the cut down rates are only up to June 2009, so if you take a new loan now you will get stuck after June 2009….don’t you see any resemblance in both the stories
i know that the above may be confusing to you, but what ever it may be pls do write a comment for the same....i love to get some from you
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