Well, it seems these are difficult times upon us. What with the bloodbath on wallstreet creating ripples all over the world! I mean no one expected companies like Lehman Brothers and Merill Lynch to close their shutters. While AIG was lucky enough to get a federal bailout package, the other companies didn’t exactly find a savior anywhere.
And the wondrous thing is that all this happened while I was away… from my blog. Heaven know what’s up next. Dollar is getting stronger, Indian Rupee has reached new lows (lowest level in 2 years) and oil seems to be going down but is not yet out!
Hurrican Ike has struck but didn’t cause as much damage as was being speculated. Ah… Speculation. That is a small word that explains a lot of things this world has suffered ever since the start of this year. If you do not suffer from STML (short-term memory loss, for the uninformed) then you might be able to recall that it was this speculation on wall street (a sentiment that was mirrored elsewhere) that caused the rise in oil prices to record highs of US$ 147 (the prices have since come down to the US$ 90 range).
I mean I couldn’t believe myself when I heard that gold (yes, the yellowie metal) was touching new highs and had almost doubled as well owing to a weak dollar at a time when I was planning to stock on it for my wedding. Of course, gold prices have also dropped ever since.
Maybe things are getting back to normal. Slowly, I guess, but surely. But then, maybe this is the beginning of a recession which may stay for a year or so. I really don’t know.
It’s time to save that extra dollar and put it away for the forthcoming rainy day. Though, To Almighty God, I pray to keep that rainy day… away, away, away.