Jobs lost. Low investments. Falling GD P's. Financial Gloom. In the United States, 25 banks closed down in 2008 and 36 have gone down in the first quarter of 2009 while a whooping 634 banks have come out as being weeker in the recent 'stress test' of major banks, undertaken by US government. The dollar is weak. United States exports have fallen by about 20% in the last quarter. Billions of dollars have been lost and billions more pumped into the economy to resurrect it.
There are claims from experts that the economy is reviving. At times, people seem to be taking hope from them and we see it reflecting on the stocks. I am no economist. But i do understand that half the world is reeling under immense financial pressure.....that what happens on wall street affects my life/our life here in India.
Like i said, i am no expert. But i feel, the best way out of this situation if for company's in to invest in 'Human Resource'. It's a tough call. Losses are high and most company's aren't even being able to cover the day to day costs, leave alone making profits. But human resources could very well turn out to be the best short term investment a company could make. Not only will that give purchasing power to people, something thats been seeing the downside too, but it will also help them increase their investments.
It might be a simplistic solution or rather option to all the mind bogling strategic steps taken to make nice with the economy. But still, its one worth giving a thought to!
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