Recession is coming

Recession is coming... make your own judgment, don't panic! Do what is wise.
The recession looks very eminent. It is really time to take pro active steps to avoid a painful time in the next two years which is how long the is expected to last.
1. Don't take any loans; buy homes, properties with loans, or even cash. Keep as much cash as possible.
2. Pay off as much of personal loans, private loans, as debt collection will be hastened.
3. Sell any stocks you can even at lower prices.
4. Take money off from Trust Funds.
5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities.
6. Don't invest in new capital.
7. If you are selling homes/ properties/ cars, do it now, when you can get good prices, they are going to fall.
8. Don't invest in new business proposals.
9. Cancel holiday plans using credit cards.
10. Don't change jobs, as companies will retrench based on 'last in first out'.
Stay cool, wait, and if you took all of the above actions and more, you probably will be better off then many.
This is not a rumor.
Bear Stearns is the first of many banking and financial institutions that will start falling in the not too future. If Bear Stearns can fall, so can JP Morgan, Citibank, HSBC, and the whole world. US economy falls, the rest will crumble.
India and all those self economies will be the most protected, but not gullible.
Europe may be a little stronger, but not China, another giant place!
Malaysia will see significant impact.

One Big Market

2008 has been a year of events , a global economic crisis was suggested by several important indicators of economic downturn worldwide.

These included high oil prices, which led to both high food prices (due to a dependence of food production on petroleum, as well as using food as an alternative to petroleum) and global inflation; a substantial credit crisis leading to the bankruptcy of large and well established investment banks as well as commercial banks in various nations around the world; increased unemployment; and the possibility of a global recession.

Lehman Brothers was wiped out and AIG and ML got near about crashed.

Sensex Crashed and people lost jobs..

The world looked as if it has become a one big market where almost everyone involved directly or indirectly. Strangely that's the truth of the day.

15 Pointer in Indian History

1947: Independence and Partition
Muslim refugees crowd onto a train near New Delhi during the bloody Partition of Hindu-majority India and Muslim-majority Pakistan. Some 15 million people are displaced and an estimated 500,000 killed in the savage violence sparked by Britain's division of its former colony.

1952: Towards Socialism
The Congress Party, headed by India's first Prime Minister, Jawaharlal Nehru, triumphs in the young nation's first general election. Nehru establishes a five-year plan for agricultural reform, committing India to a socialist path to development.

1962: India vs. China
Reinforcements head to the front after China steamrolls India's unprepared defenses, seizing a chunk of Kashmir that it holds to this day. The defeat is a dark moment in India's young history and a political blow from which Nehru never recovers. Battling ill health, he dies two years later.

1965: The Second Kashmir War
Housewives and students take target practice in Dhaka, East Pakistan (now Bangladesh), responding to a government call to arms during India and Pakistan's second major conflict over the disputed Kashmir region. The Second Kashmir War ends indecisively with a U.N.-mandated ceasefire.

1971: Independence for Bangladesh
Indian troops are hailed as liberators as they enter Dhaka, East Pakistan, during India and Pakistan's third major conflict. The war ends with a decisive Indian victory and statehood for East Pakistan, which becomes known as Bangladesh.

1975: The Emergency
Beset by growing political disorder, Prime Minister Indira Gandhi, Nehru's daughter, declares emergency rule. Thousands are detained during India's flirtation with authoritarianism, but the experiment is short-lived: the Emergency is lifted in 1977 and subsequent elections sweep Gandhi and the Congress Party out of power.

1983: A Win for India
India wins the Cricket World Cup for the first and only time in the cricket-obsessed nation's history, beating tournament favorites West Indies in the final.

1984: Gandhi Assassinated
Indira Gandhi, returned to power in 1980, is killed by her own Sikh bodyguards, leading to anti-Sikh riots in Delhi where thousands die. She is cremated by her son Rajiv (second from left) and daughter-in- law Sonia (in sunglasses) รข€” a Prime Minister and future head of the Congress Party, respectively.

1992: The Destruction of the Babri Masjid
Far-right Hindu activists raze a 16th-century mosque, the Babri Masjid, in Ayodhya, Uttar Pradesh, claiming it had been erected on top of a Hindu temple. The destruction sparks religious riots throughout India.

1998: A New Nuclear Power
With its new Prime Minister Atal Behari Vajpayee (third from left) in attendance, India shocks the world by detonating a nuclear weapon beneath the remote Thar Desert on May 11; two weeks later, Pakistan replies with a weapons test of its own. The prospect of two antagonistic nuclear powers on the subcontinent raises fears of nuclear war, especially after India and Pakistan clash again over Kashmir less than a year later.

2002: Gujurat Burns
After a train carrying Hindu pilgrims is allegedly set on fire by Muslims, a brutal backlash in the western state of Gujarat results in the deaths of nearly a thousand people. The riots, carried live on television nationwide, spark an outcry against the ruling Bharatiya Janata Party (BJP), whose officials in Gujarat are accused of being complicit in the violence.

2003: The World's Back Office
India's fourth-quarter GDP growth hits double-digits, thanks to bumper crops and growth in IT and outsourcing. The 10.4% rate is the fastest among emerging nations.

2004: New Faces and Old
Under Sonia Gandhi, the Italian-born widow of former Prime Minister Rajiv Gandhi, a resurgent Congress Party sweeps the ruling BJP out of power. Manmohan Singh, a former Finance Minister who spearheaded India's economic reforms, is appointed Prime Minister.

2007: The Sky's the Limit
In early July, the Bombay Stock Exchange Sensex Index eclipses the 15,000 mark for the first time. The milestone means India's markets have soared fivefold in five years.

2008: Nuclear Deal with US
In the month of Oct 2008 PM Manmohan Singh signed the very Special Nuclear Deal with US and other countries also followed. A significant deal for India.