What we should do in recession - My views

1. First of all, we should not panic! Though this point is hard to follow, we should some how try to do this.
2. Have confidence in you. This point is also very hard for Married persons who lost their job and having commitments. But we should not atleast lose confidence.
3. If you are there in existing job, be watchful! Companies may even downgrade you by giving work which your juniors(whom you are managing) may be doing. Dont hesitate to do this at this point. Because Married people may have to support their family. This is better than without a job.
4. Wait for the boom period!.

Best wishes.

Global recession hits Madurai too

There is a record of decrease in land transactions for the past couple of months in the tamil nadu state itself. Looks like there is a loss of Rs.50 crores approximately lost in revenues for Government of Tamil Nadu on land transactions.

This is a bad sign to be noted. Hopefully it is temporary and everything would come back. There is a little apprehension in everyone's mind whether market would be down for sometime or will it be back to normal!

People are holding off in investing in any assets. Instead, it is safe to keep everything in cash - may be!

I will be talking to realty consultants in Madurai today. I will get back to you all with some expert views on this.