economic recession for only rich?
By andyvish
@andyvish (901)
India
May 17, 2009 10:58am CST
i AM right. In India, last three months were hell??? Is it??? Stock market crashed, Investments value lessened, every body talk of recession.
Look at this picture. The price of petroleum lessned and therefore almost all the prices across the commodity board lessened. Not only commodities but even FMCG items price went down.
For the poor it was heaven and is still. Only sufferers were the rich. Those who had excess money lost some money for the cause of the poor.
God is great.
1 response
@derlilaStern (1756)
• United States
17 May 09
That is great that it is happening in India that way. In the US, it isnt the case. Many of the poor have lost their jobs. That means they cant afford anything! Many of the middle class have lost their jobs. That means they are on their way to losing their homes as well.
An economic crisis really does affect everyone. As the rich people lose money, so will businesses. Those businesses will have to layoff workers. That means it will affect the lower classes as well. Things cant be seperated like that. I do hope this crisis recovers before all of the poor in India are affected, but that isnt how it has happened in other places all over the world!
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