Christmas in October ..

If Christmas is all about gifts, then this year Christmas is certainly in October..

Following the $700 billion gift oopsy.. "the bail out" from Santa Paulson , there are similar attractive "gifts" announced by almost every developed country's Santa Claus- UK, Germany, Italy, Spain, Australia, Japan etc

well what a bounty... but for who?? the benefits of these are always Pyramid shaped with the top few benefitting the most and the masses getting a dollar or two..

The bail out might sounds good for advanced countries where more than 50% of population has investments in terms of stocks, bonds and CDOs whose value has collapsed around 30-50% depending on which country you are... So these people indeed will benefit from the rescue, if at all stock markets bounce back .. but with a global economic recession this would largely help. The markets are staging a come back this week. Wait till 3rd week, when most of the countries announce their GDP numbers and you shall observe the technical recession, which will send the stock markets to their bottom again.

In countries like China and India where 75% of the population doesnt even have a clue about what a stock market is, all this bail outs, liquidity will do any good to them..

Now the real beneficiaries are the top 2% of the people..the wealthiest and the richest.. as usual..

I am generally of the feeling Governments always serve the interest of the rich first, middle class next and the poor at last (if they have time and concern)..and this is one such case....