The other day, on my way to home I saw a vegetables & fruits shop. To be frank I personally never go to buy any food items for my home. My mom takes care of all that... but for a change, I thought of buying a Pineapple. I don't even remember when was last time I bought some fruits/Veggies. I am clueless about the prices & measuring units!! I have learnt from the shopkeeper about the prices of various fruits in there. Interestingly SAPOTA(chikoo) last time when I bought(may be half a decade back) was given in dozens, now they are selling it in KGs! He said the cost of one Pipeapple is Rs. 20. One Apple - Rs. 15. Dozen Bananas - Rs. 20
I reached home without buying anything as I was a little skeptical about the prices. Better my mom handle this !
Now, when I look at my STOCKS PORTFOLIO, I saw half of my stocks are trading lower than Apples & Pineapples !!! It was surprisingly shocking to know that stocks have become cheaper than Vegetables,Fruits ! When I thought about this strange thing, I realised it is because of the infamous economic jargons - 1. Sub Prime Crisis & 2. Rising Inflation. Of course who doesnot know what effect these two had on us. If the former had taken a toll on the Multi National giants & Big Boys then the latter had a deep impact on the common man. In my view, the word of the year award should be given to 'Subprime'.
Approximate numbers: Sensex lost about 65% from its alltime high & Inflation has touched an all time high of 13% but my anual salary hike was just about 6% :-(Thanks to the booming Indian economy :P