Quote:
Originally Posted by sridharchennai
Hi Sri,
I was also a guy who was too much into data when completed my MBA. The first url is the reactions of economists from banks. You see in these times after 2008 I think their respective organizations have asked all these economists to always say "All izzz well" to the public and create the feel good factor.
Personally I have stopped believing all these economists who predict booommm and the world bank reports. Most of them are short sighted and try only to create the feel good factor.
Thanks,
Sridhar
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I fully agree with you regarding economic predictions and analysts are a whole....
But ask anyone in living in chennai if they are spending less for the same goods/services they used to last year...it would be a big no.
So its common sense not rocket science - petrol costs more by 2rs/l, tor dal has risen by 50% in last few years,
milk costs more by 2rs than a year ago- bus ticket prices have raised in the last year.
and someone says we are seeing deflation ....more than any thing its totally insensitive to the struggling people
http://www.outlookindia.com/article.aspx?266106