The Queen's Question

It seems Her Majesty too is hit by the global meltdown.Apparently the Queen of Britain has lost  estimated £25 million of her personal fortunes in the credit crunch.

The Queen had visited London School of Economics last week and had a briefing from professors on the economic meltdown.

Professor Luis Garicano, director of research at the London School of Economics’ management department, was quoted as saying by the British media that “The queen asked me, ‘If these things were so large, how come everyone missed them,"

That is a simple question and that's why its hard to answer.If you think about it,its actually surprising. What started as a normal real estate slump in the US has now become so huge that  Dyeing factories in Tirupur  are operating only 3 days a week. Why did they let it develop so huge? after all the sub prime crisis is been known for almost two years. What was seen as a credit crunch in US  has now become global crisis which has triggered layoffs in almost every growing sector in every major economy.

It seems in this  Global world,one man's poison is not another man's food but everyone's pain.