Water water every where but not a drop to drink

“Water water every where but not a drop to drink”, is a line from a poem that was taught to us in childhood. Today I feel it to be a reality.

Nasdaq running at low, London stock exchange is pessimistic, asian markets are down, Indian market running at a scale of somewhere in 2006. What does all this mean? Till couple of months back, inflation was something we were worried about, but today is the scenario wherein people are not feeling secure. They go to office every morning, and they are not sure that they will be employed with the same organization till end of day. This is agonizing. What I don’t understand about recession is that where is all the money gone? Till sometime back everything seem to be working fine and then suddenly everything starts collapsing. And I could have digested the recession concept if it would have been in any particular field but it is happening everywhere. Gold is touching its peak value, airline industry is firing employees and if not firing then retaining them with 90%, mind you 90% salary cut. The same scenario is prevailing in software industry too. Renowned and ages old financial institutes like Lehman Brothers going bankrupt worked out like a nail in the coffin.

Software industry is most prone to recession and goodwill game. If something goes well in any industry, they come to software guys to write softwares and that’s how there is growth in industry, but if there is a recession in any industry, software industry always participates in lay offs. Gosh and I am again a Software labor and so am concerned.

Still we closely knit our lives around hope and I hope to see good and healthy economies in near future.