Thursday, October 16, 2008

Story: How recession starts

This is a story about how recession starts anyways.

Long Long ago, when we didnt have Lehmann brothers or ICICI in India, there was a bank in Far Far Away land. One morning the sweeper was sweeping the front porch. It was 10th day of the month and he was back after a week. All his money was gone in long drinking binge. The bank manager had told he wont be paying him any money for two months now.



Mr X one of the customers had come a bit earlier that day. He was a medium sized customer and had opened an account in this bank as it was very near to his bank. Also this bank used to close an hour later than his older bank and so it was convenient for him. But he hadnt noticed that this bank used to open a hour late as well. There was half an hour for the bank to open so he thought he'd just wait there. He saw the sweeper and thought why not talk to this man, after all not many would even notice this guy or ever remember he existed!!!

He went to him and said "Hello Mister. How are you doing?" Pat came the reply " How do think I am doing? Working for 2 month without any pay? These guys dont have a dime to pay me. God knows how are they going to run this bank?" Mr. X was startled at first__ . Then he said to himself maybe it a bad day for the guy, better leave him alone.