Idle musings

WHAT IS RECESSION? I have been working since 1996 and have experienced "global recession" thrice since that time - three times too many to my liking :-) ! It first happened in 2001. The dot com boom in Bengaluru went bust and the one-liners started : B2B was no longer business-to-business ; it meant Back to Bangalore (as it was called then) ! B2C was no longer business-to-consumer ; it actually meant Back to Chennai ! There were stories of how dot com companies in Koramangala were affected and how those offices (in sheds, etc.) were now deserted. I had just joined a new job and was not affected personally, but it was still an uncomfortable feeling. Then there was a second recession in 2008, triggered by the sub-prime crisis in USA. In 2010, just as it appeared that the worst was over, we have the Eurozone crisis which threatens another recession, at least in Europe. In today's world, the interlinking between countries and groups is more, due to advances in transport a