Vacations & Housing

First post of the new year!

and I have already had two mini-vacations. The first one was an extension of my year-end vacation and I had a quite time at Ranchi, where my parents have lived for almost two decades. It was good to be away from work and everything else. Small cities can give you that freshness which is difficult to find in Bangalore life. Fast forward to the republic day and I made a short trip to Ahmedabad to meet some friends. And I had a pretty cool time. Although, Ahmedabad is in the only "dry" state of India.

I have hastened my search for an internship for the summer but looks like its a big ask, given the financial turmoil all around us. I read an article written by Swaminathan Aiyer today about how this recession can be the Hykenian kind instead of the Keynesian one and how both kinds need very different treatments. The more dreadful thought of the article was the fact that it may take more than a couple of years to settle this one up. That's not good news. With a scholarship always unlikely, its going to be a $150k loan on my head when I graduate and I better have some good opportunities at that time. Coming to back to India immediately after MBA is also an option.

There is constant talk in the country about whether India will be hit by the recession. I think it will be. For whatever may be the reasons, India has seen a lot of export-led growth over the last few years. Now as the west sees a much stronger urge to save and consumer spending dries up, India will be hit sooner or later and probably to the same extent as the US. The Indian stock market is already hit rock bottom and its unlikely that its going up anytime soon. Plenty of problems to think about.

There is nothing really happening on CBS front. I received a mail from Linda welcoming me to the class of 2011 after she tried calling me up several times. Although, its been nearly 4 months since I got the admit, it still feels good to be congratulated ;) Housing applications start sometime in February and thats one area where I need to do more research. Have been trying to figure out what would suit me the best.