Are we going to face one more recession?

Hi Javed, As I said global economy is experiencing a slowdown because of Euro Zone Debt Crisis. But some experts in the Euro zone are coming up with very firm solutions to the problem. So it is not a point of big concern. Also on one hand biggies like TCS, Infy, Congizant are outperforming in the IT sector, HDFC registered it's 20% gain the Q2, JPMC, Morgan Stanley are doing very good business, while on the other hand Nokia has already layed off some employees, to which philips is following. So it is mix response from the industry. That is why I mentioned about IT industry, which is for sure doing good. In case you expect me to elaborate more on anything, please feel free to ask.....

A big part of the problem is not knowing. If companies and individuals know what will happen, then they can take appropraite action. I forget what the saying is, but in business they say that it is best to do the opposite of what everyone else is doing. When others sell, buy. When others buy, sell. The reason for that is uncertainty.

Actually not body really knows yet. You know it when it is here. Some companies like Google are doing really well while some companies like Bank of America are doing bad. Time will tell. There is lot of M&A happening in business world. Some sectors are overperforming and some are under. Jobs and Housing markets are still under water. If they do not improve, things will get bad.