First written on August 11, 2009 Revised on Monday, December 07, 2009 Economics - Free membership is necessary to access articles in this folder. All articles are written by Madhavan Gopalachary. Is it Bailout of the US Economy or Wall Street ? - The last few weeks has been the most traumatic for the US and World economy. The sub prime mortgage industry bust, failure of Lehman Brothers, AIG, Merrill Lynch and Wachovia sent the stock markets reeling all over the world. The rejection of the bailout plan by the Congress, initially on last Monday, wiped out USD 1.2 trillion in the stock markets, making it one of the blackest days in recent times Does technology impact business cycles ? - In further continuation of our series of articles on Business Cycles, another question that is often raised is whether technology impacts business cycles. I had a query on the subject from another Singapore reader Ms. Jovin Yeo in 2002. I am giving below the clarifications that were sent to her Falling stock markets - It is almost a week since the USD 700 bailout was announced but the stock markets continue to slide all over the world. This is despite the best efforts by various governments to stem the tide. Why is it happening ? What could be the reason ? What is foreign exchange ? - When people travel to foreign countries, they must change their money into foreign currencies. The same is true when goods are imported. For example, when you import Toyotas, Volkswagens, Champagne, or Coffee, the money paid for these goods must be exchanged for Yen, Deutsche marks, Francs, or Pesos Globalization and Disparities in global wealth - Globalization was meant to make a level playground for all countries, to encourage free trade & commerce, reduce costs without compromising on quality & safety, stop dumping and remove artificial trade barriers. It was also expected to improve the quality of life of billions of people living in developing and poor countries.  How far has it succeeded ? Good times and Bad times - Now that global recession is firmly in place, let me share with readers some recent reactions. Large organizations have started retrenching people by the thousands. If you ask them why they recruited those people in the first place, most will not be able to give a satisfactory answer. Hiring and Firing is another game to be played Impact of business cycles on stock markets - The article I wrote on Business Cycles in June 1999 is one of the most popular articles. This article also made people notice us worldwide and we receive many queries relating to the subject. We are giving below, in italics, the correspondence exchanged with one of our readers from Singapore and the same is self explanatory More on business cycles -  This is the last in our series on Business Cycles. In the article titled "What is Business Cycle", we briefly mentioned the various cycles postulated by many authors. In this page we will give a summary and our comments on them. Origin of the recession 2008 in USA - While all of us know that we are passing through the worst financial crisis since the great depression, most have not understood how it all started. Just like physics, economics also follows the Newton's third law which states that every action has an equal and opposite reaction Recession 2008 in USA - The health of the US Economy is far too important for the health of the global economy. When the US Economy is in doldrums, some very poor and innocent man or woman or child in a far off corner in the globe will starve, because the poor thing cannot get even one square meal a day. That is a grim reality which the policy makers should accept and take proactive action. Unfortunately, the decisions taken so far are far from satisfactory. The US Government and FRB are attacking the symptoms and not the root cause   Resource Management - Many people think the term 'Resource management' refers essentially to financial management. It is only partly true. Resource involves and means all types of it. In the olden days they were known as 3M's - Men (and Women), Money and Materials. Hence, resource management means management of all the three What is a business cycle? - Economists have always been puzzled by business cycles and this brief article explains what is it all about. This article brought us global recognition. Why is dear money policy important? - One of the recent phenomenon in managing economy in recent times is reducing the interest rates. The developed economies take the cake in that with USA leading the way. The credit of introducing this easy money policy goes to the former chairman of FRB, Mr. Alan Greenspan. In history he may go down as the man who caused maximum damage to the global economy after World War II The views, opinions and interpretations are personal. Sponsorship does not mean that the sponsors endorse them. © Copyright, Dec-09 . MMG Communications. Without prejudice. All rights reserved