Hard times are here, o' dear. - - Date - 12/10/2008
Financial systems the world over,
Are in a great turmoil,
Bulls have lost their ferocity
And bears hammering the bourses.
The woes started thousands of miles away
In the ‘Wall Street’ of New York.
Nasdaq, DOW, FTSE, and Nikkei,
Closing business, down by whooping points.
Alarmed at the hell and havoc
Caused by topmost companies going bust,
The U.S. govt. is rushing to douse the fire
By injecting 700 Billion dollars in the economy.
The meltdown of American economy
Has caused convulsions in the world markets,
Their indices have also plunged down
In sympathy with the baffled Uncle Sam.
India is also affected by the U.S crisis
Because of globalization,
There is fear in the minds of mega companies
Because of slow down in the foreign markets demand.
So production is cut down, also purchases
New recruitment is stopped; newer staff is laid off,
Borrowing money from banks has become difficult
Property rates have tumbled down , yet not many buyers.
So what should ‘common man’ do?
He should not rush to his bank, or sell off his shares,
Also cut down on luxuries, postpone buying white goods
That way he will remain stable till this phase passes off.
Out govt. is keeping a close watch on the scenario
Telling people mot to panic, our banks are safe,
We are taking all steps to stabilize the economy,
By legal and fiscal measures in the R.B.I. Act.
Financial systems the world over,
Are in a great turmoil,
Bulls have lost their ferocity
And bears hammering the bourses.
The woes started thousands of miles away
In the ‘Wall Street’ of New York.
Nasdaq, DOW, FTSE, and Nikkei,
Closing business, down by whooping points.
Alarmed at the hell and havoc
Caused by topmost companies going bust,
The U.S. govt. is rushing to douse the fire
By injecting 700 Billion dollars in the economy.
The meltdown of American economy
Has caused convulsions in the world markets,
Their indices have also plunged down
In sympathy with the baffled Uncle Sam.
India is also affected by the U.S crisis
Because of globalization,
There is fear in the minds of mega companies
Because of slow down in the foreign markets demand.
So production is cut down, also purchases
New recruitment is stopped; newer staff is laid off,
Borrowing money from banks has become difficult
Property rates have tumbled down , yet not many buyers.
So what should ‘common man’ do?
He should not rush to his bank, or sell off his shares,
Also cut down on luxuries, postpone buying white goods
That way he will remain stable till this phase passes off.
Out govt. is keeping a close watch on the scenario
Telling people mot to panic, our banks are safe,
We are taking all steps to stabilize the economy,
By legal and fiscal measures in the R.B.I. Act.
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