Friday, November 28, 2008

Global Financial Crisis and Its Similarity with 1929's Great Depression

Stock Market is at all time low and everyone is discussing about Global Meltdown and its all possible effects on Economy and Investors. Fear has taken toll over Greed and now everyone is worried with one Common Question – What’s NEXT?

Stock Market is always acting as a barometer of any Economy. Current level of stock market has pushed us to the year 2006 where Sensex was at the level of 10,000. It took 28 years for Sensex to reach at the level of 12000 in year 2007 and Sensex took only one year to reach at the level of 21000 from 12000. What happened during 2007 to 2008? Was it over optimism? The current downfall of Sensex is attributed by unprofessional practice and misjudgments of so called Master Brains. Analysts say that the current global meltdown is similar to Great Depression of 1929. I have written an Article titled as  "Global Meltdown and its similarity with 1929's Great Depression'

This will give you some insight about the current problem and how one can survive out of it. Please click the link mentioned below to accesss this article online.

Pl click the following link to access this report online...

http://www.slideshare.net/mandalia.kaushal/report-on-financial-crisis-1929-repeated-indian-prespective-presentation/

 
Make sure that after reading it, you will post your comments / queries / critics on kaushal@thefinancialplanners.in

Warm Regards

Kaushal

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