Thursday, June 14, 2012

English and Economics: Absolutely Hilarious

We will begin with a box, and plural is boxes
But the plural of ox becomes oxen, not oxes.
If I speak of my foot and show you my feet
And I give you a boot, would a pair be called beet?
Then the masculine pronouns are he, his and him
But imagine the feminine: she, shis and shim!
Let’s face it- English is a crazy language.
There is no egg in eggplant or ham in hamburger
Neither apple nor pine in pineapple.
English muffins weren’t invented in England.
We take English for granted, but if we explore its paradoxes, we find that boxing rings are square, and a guinea pig is neither from guinea nor is it a pig. And why is it that Grocers don’t groce and hammers don’t harm?
If teachers taught, why didn’t preachers praught?
If a vegetarian eats vegetables, what does a humanitarian eat?

And in Closing…….
If Father is pop, how come mother’s not Mop???????

(Taken from “Dignity Dialogue” June 2012 Issue from “English: Absolutely Hilarious” by KRK Moorthy)

Yes, we have lot more funny things around us, even in our daily market gossip.

Let us look to the world of Indian economy. We are now surrounded by various 24*7 news channels and flooded with lot of information, most of them are unnecessary.  The “Experts” delivers opinion; interestingly very basic things are forgotten by these experts. Let us give a look to it.

Our country’s Foreign Exchange surplus is invested in US treasury which earns around 3 to 4% per annum. However, FII inflow of equity market, in around half year, makes profit of 10 to 15% from equity market movement with tax benefits & goes back to their home country. During the same period our government makes funny 3-4% from the US treasury investments for full one year investment. Interestingly, still we all are very happy when we see FII positive inflow data.

Experts are happy with IIP Growth data of various sectors including growth of Auto sector sales. Interestingly, the increase in traffic, air pollution, time consumption on road & burden by crude oil import bill is not at all the point being talked.

Those who earn money & pay tax, have good money (accounted money) on hand. The post tax returns from FD and Equity of last couple of years is not sufficient enough to cover inflation. Because of anti money laundering law, only two sectors (gold & real estate) are left for investment of unaccounted money. Real estate has multiplied by 3 to 4 times in last 5 years and gold has also delivered handsome returns. It is funny to observe that those who hold unaccounted money have been able to earn good returns compare to the honest tax payers.

The bankers (global scenario) lend money to earn good interest income. To grow, lending is extended to sub standard category of assets. Over a period of time, the books of banks lending moves from safe to risk, but as soon as banks reach to such default position, government enters & helps bank to survive. As per government opinion, this is important to sustain investor’s (public) confidence in bank. As banks do not default even though their bad workings, a general opinion prevails in the public that nothing to worry while investing in bank. Interestingly, nobody bothers that the government which supplies money to banks may itself come in to trouble on any day.

Our investment market (or environment) is as funny as English language we speak.