I have never been an economics student and have never expressed any interest in economics. AT ALL.
except, well, i gave a business exam for Reuters in September, which i cleared. Thank you, very much.
But other than that, I consider money to be a luxury, which when you possess, needs to be spent carefully and with strong intent. There is no theory behind it; there is no formuale. Its just simple. If you have little of it, save it with all your life. If you have a bit of it, spend some (I usually do with books and movies). There's no logic behind it.
Thinking too much about the crisis could lead to painful and tortuous actions like saving money instead of buying books. The term Indian liquidity and crunch were often used; which made me peculiarly hungry. The only benefit I got from reading the articles on credit crunch was that Indians are quite unaware of what's happening outside their pretty homes. A certain megalomania and narcissism has always protected us from civil action and I think that will pre vail for quite some time.
Sometimes, I think the crisis has been misrepresentated; but I'm sure Lehmans wouldn't think so.
