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Monday, October 15, 2007

Blame it on sub-prime

If the sub-prime crisis has given anything to the junta in general, it is a no-holds-barred excuse to attribute anything and everything to the crisis. Even though the topic is now stale and the interest of the people is moving on to newer issues like the never ending bull run in the Indian stock market or the Sethusamudram project, sub-prime has become a common term in our vocabulary.

The appreciating rupee? Because of sub-prime.
Rising interest rates? Because of sub-prime.
Falling interest rates? Because of sub-prime.

Even in the classroom, we find the sub-prime crisis rising up now and again in all subjects ranging from Economics to Operations Research and Organizational Behaviour. Every Tom, Dick and Harry has now become an expert in sub-prime. Its high time when I'm waiting for the following scenario

While at the local snack parlour,
Me: Why have you increased the price of bread omelette?
Gurunath stores: Saar, sub-prime. Hens tensed up. Supply of eggs low. So omelette now more expensive.

Prime excuse of sub-prime
Professor: Why didn't you come to class yesterday?
Me: Sir, I was affected by an acute attack of sub-prime.

2 comments:

Shuba

I think i can blame my reduced blogging frequency on SUBPRIME too :D

Anonymous

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