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Making Money During Economic Depressions We have had a depression for so long now that people have almost gotten used to it. “I’ve been down so long, it looks like up to me”, said an old song appropriate enough for these rough times. The lower levels of industrial activity are taken for granted and seasoned businessmen are only on guard against further deterioration rather than positive upward movements. The government has the tough choice of cutting expenditure while having to spend in innovative ways. Sure, there is bad news galore. All sectors of the economy are doing badly, the latest casualty being computer education. IT came before that with the September 11 fallout. Even pharmaceutical stocks, which enjoyed robust growth, are showing signs of slowdown. The backbone of industry, steel and automotive sectors, are both faring poorly. Whereas the former has a combined investment of Rs. 90000 crores, the returns are pitiful. In the automotive sector, all three segments, cars, trucks and tractors are going downhill; gains are fleeting and disappear almost the moment they appear. These times sound the proverbial alarm clock for businessmen as they grapple with this situation from their perches on GK Road and the far-flung industrial areas of Shapar, Metoda and Aji.
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