Slow down - of course

How much ever US wants the world to believe that there is no slowdown in the US, the truth is coming out. Slowly but surely.

Check these out:
a) The bankruptcy of Lehman Brothers and various other takeovers / bailouts (e.g AIG) are just the tip of the ice-berg.
b) The cutting of IT budgets by over 40% by many global companies is further evidence.
c) Companies laying off employees in thousands e.g HP laying off 25000 employees globally.

Read many such stories together and you get the picture. Braze up for some tough times ahead - even here in India.

Comments

Roopesh Nambyatil said…
Yes Sirjee! You are absolutely spot on! We all are keeping a track of the developments and of course keep our fingers crossed. Hope all those we know and we do not know be safe!
September 21, 2008 at 11:39 PM
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