Do it yourself

Presently, the global markets are looking jittery as the magnitude of the crises and their impact is not assessable. Besides, there is no visibility of a cohesive global plan to manage these crises, as was the case with Global Financial Crisis in 2008-09; even though these apparently regional crises have definite global repercussions. Next few months are very critical in my view. Lack of a united response could push the global economy deeper into a Stagflationary mess that can push the economic recovery process 3-4years down the lane. “The crisis of today is the joke of tomorrow” — H. G. Wells (English Author, 1866-1946) As of this morning, a number of regional economies appear struggling with some sort of crisis. The factors causing these crises are varied; and in many cases even trivial. Collectively, these regional crises appear to be clouding the global economic recovery; and threatening a protracted phase of stagflation (negative or very poor real growth). In particular, the s...

 If a geologist tells you, “the Himalayan Glaciers are melting fast and there will be no water in the Ganges in year 2050”; what would be your instant reaction? Will you— ·          Rush to store water in buckets? ·          Begin to explore places which are not dependent on the Himalayan Rivers for their water needs, for relocation in next few years? ·          Commit yourself to the environment conservation by adopting 3R (Reduce, Reuse and Recycle) as part of your life so that the green house emission is reduced, global warming is reversed and the geologists are proven wrong? ·          Dismiss the information provided by the Geologist as fait accompli and get on with your routine life? I may say with confidence that various people will react differently to this information, but none will rush to store water in...