Recession, my views….

Year 2009. The year will be remembered, of course, for the biggest recession in the World’s free trade history. It has affected nearly every corner of the globe. Even I’m affected, for we have to move to another home on account of this! Every economy has seen sharp falls in their stock markets. Many companies have filed for bankruptcy, many have already given thousands of red letters to their employees, many factories have been shut, fall in demand of automobiles and more. Yes, this indeed is the biggest recession, and governments around the world are spending huge resources on restoring the markets, US shelling out nearly a trillion dollars. And there would be one small voice, not that small though, who would be saying – “See what capitalism has done? Now they regret in going against socialism!”.