mardi 24 mars 2009
economY....
The below extract is from CNBC . It is worth every second of reading and this has been compiled by a group of economists. Please make sure you take few minutes to read and understand the grave situation we are in today :
“CNBC SAYS : IT IS REAL TIME TO TAKE PROACTIVE STEPS TO AVOID PAINFUL TIME IN THE NEXT TWO YEARS – THE MINIMUM TIME LIFE OF RECESSION. THE TEN COMMANDMENTS OF BUSINESS ARE :
1. DONTS TAKE ANY LOANS OR BUY HOMES & PROPERTIES. KEEP AS MUCH CASH AS POSSIBLE AS CASH WILL INCREASE IN VALUE.
2. PAY OFF AS MUCH OF PERSONAL LOANS, PRIVATE LOANS AS DEBT COLLECTION WILL BE HASTENED.
3. SELL ALL STOCKS YOU CAN EVEN AT LOWER PRICES .
4. TAKE MONEY OFF FROM UNPRODUCTIVE FUNDS/TRUST FUNDS
5. DON’T BELIVE IN HUGE SALES FORECAST, BE EXTREMELY PRUDENT, LOWER INVENTORIES, REDUCE LIABILITIES.
6. DON’T INVEST IN NEW CAPITAL OR BUSINESS’S FOR TIME BEING, IT ALL INVEST IN PRECIOUS COMMODITIES.
7. SELL REAL ESTATES, CURRENTLY YOU CAN GET GOOD PRICES . THEY ARE LIKELY TO FALL BADLY.
8. DON’T INVEST IN ANY NEW BUSINESS PROPOSALS
9. CANCEL EXPENSIVE SPENDING PLANS, HOLIDAYS WHICH ARE PLANNED USING CREDIT CARDS OR BORROWED MONEY.
10. DON’T CHANGE JOBS / BUSINESSES OFTEN. “
These are purely views of leading economists and few may be debatable. I found it very meaningful and I agree almost to all points personally.
St.Isaac walked on the sunny side.
mardi, mars 24, 2009.
mardi, mars 24, 2009.