The Invincible Inflation

It has broken 13 year old record. And still there seems no stopping it. Inflation is killing. The Rich and the Poor are suffering together. What could be the possible reason for such an unstoppable sprint? One reason for sure is that this is the outcome of the Sub-prime crisis in the U.S. The big financial institutions taken aback by the mortgage crisis have taken billions of dollars out of the U.S. real estate market and pumped that money in to the Oil market and the Developing economies like India. That has caused the rise in international oil prices as well as caused inflation in our country. As has been said by Iran President, the rise in oil prices is all fake as their is no shortage of oil, and infact the production has gone up only. This supports theory which says that American Depression has been spread all over the globe due to heavy dependency on U.S. Dollar in global trading. As suggested by Mr. Ahmedinjad, this could have been avoided had the trading being done in some other solid currency. Moreover the oil price rise has also contributed to the already inflating economy of ours. So the coupled effect has hit our economy real bad. Some thing strong needs to done and that too quickly, if we want to save the Indian Ship......

Cheers Manmohan!!
Hail Montek!!
The awesome twosome is really leading india towards......hmmm....please make it out for yourself. Actually they are very brave men. Even when adversity is knocking on their doors, they are happy believing that it aint anything serious. Anyway the point here is that whether the intelligent economists have been successful in their missions and ambitions regarding taking india to the top(their aint any confusion reagrding their aim...we are discussing the strategy). They made a paradigm shift when they discarded the Nehruvian economics in favour of the one dictated by Bretton Woods institutions. Was that a right thing to do at all?
When we talk of the rate at which the communist China has progressed, they always have an excuse of China's early start. But what about Russia? They have risen out of the ashes of erstwhile USSR like a phoenix. Who would have ever imagined even ten years back that they would be challenging the American might so soon. What is the secret of this unprecedented rise!
The great indian duo better have a look at the Russian case study before they make a yet another unsuccessful plan to steer the india ship out of rough waters.
So rather than trying to find reasons for the rising inflation capitalist style, they should find the solution to stop it the socialist way.
Just for an example, Chinese government has taken most of the burden of the rise in Oil prices on themselves. You better not copy them, as they are a giant economy. But you can atleast learn a trick or two from them. Getting knowledge from east doesn't make you any inferior.
One good happening of late is that atleats the guys are agreeing that there is a problem and that their isn't any solution as of know.....just see what the Dy. Chairman Mr. Ahluwalia has to say....



Any comments/suggestions would be highly appreciated.
See ya later then.