photo by faeryboots

Received this via email, thought it’s interesting to share with you all — It’s an interesting article by Yogesh Chhabria.

LATELY, I have been thinking a lot about the Lehman crisis. Spending money that they didn’t have and going beyond their means is one of the main reasons for their situation today. In fact that is the cause for the current economic crisis in the US.

When I see all this happening, I can only remember the good old days. Then, karz was bad. People looked down upon those who took loans. Parents would not give their daughter’s hand in marriage to a man with loans.

But of course, the times have changed now. Everyone I know has a loan. The buzz word is EMI (equated monthly installment). Today, you can buy everything on EMI - a house, a television, even an i-Pod. In fact I know of someone who just bought a fancy BMW 3 series on EMI, instead of buying a cheaper car outright with cash. I mostly prefer to take public transport, but then I am an old man with old thoughts! [Read more]

If you enjoyed this post, make sure you subscribe to my RSS feed!

Photo by Sam UL

I filled up my car’s fuel tank, and I thought fuel has become really expensive after the recent price hike. But then I compared it with other common liquids and did some quick calculations, and I felt a little better.

To know why, see the results below - you’ll be surprised at how outrageous some other prices are!

[Read more]

If you enjoyed this post, make sure you subscribe to my RSS feed!