BREXIT, REXIT and few other noises. What are we planning?

The week started with a bang. In stark contrast to the last week , the markets as if were rebelling against their own mindset. And satisfied with the tremendous noise created by BREXIT, the markets were falling. There was significant selling around the globe. And then adding salt to the injury ,the chief of R.B.I(Reserve Bank of India), Dr. Raghuram Rajan decided to call it a day from September onward. Thankfully the day of his announcement was a Saturday and the markets couldn't bite more into the tender flesh. Yet the market regulator SEBI(  The Securities and Exchange Board of India) asked the exchanges across India including the two major indices NSE and BSE to beef up securities related to the securities platform so as to prevent any unwarranted short-selling. The media,as hyperactive as it can be, referred to  Dr. Rajan's exit very fondly as RE-XIT! As if BREXIT was not enough to up the TRP rating of the channels!

And then yesterday experts and analysts forecasted a black Monday! The cheesy ones of course said that the market will fall and then recover after the BREXIT  is over, there is good monsoon and the GDP continues to grow at a rate that is better than all other developing economies in the world. I thought, maybe I should do nothing. Let me only predict that in next ten years ,there will be some good monsoon and some not so good ones! Okay let me also predict this , that in next couple of years plenty of people will be wealthy and many people shall remain not so wealthy!   One final one! In these few years to come, I shall be writing hundreds of blogs! Some will be good and some pretty ordinary! That is it ! No one predicted even on last Friday , that the European markets were going to rebound by around 3% on the upper side. So if we cannot predict what is going to happen the next day , is it not true that something essentially so complex as BREXIT cannot have a single outcome or fall out. People of Britain who is going for the referendum this week, is still not sure about the outcome. It has essentially become a debate of remaining in a joint family or leaving for a nuclear family.

The Indians are very habituated living and growing in a joint family. They live with their uncle, aunt, grand father and grandmother, parents , brothers and sisters, Ramu Kaka and Laxmi chachi (neighbours who have become more than blood relations!) Now people living in these undivided families know that there are great advantages in living with people!

Advantages of living in a joint family:

1. Everyone makes some financial contribution to a common fund which is used for the expenses and contingency.

2. There is a sense of commune working as  same food is served to all the members and also from the same kitchen ,irrespective of their proportion of contribution.

3. The weaker members are protected financially and emotionally from the harsher realities of life.

4. All are equal shareholders in the property.

5. Every member is convinced of 'One for all! All for one!"

6.Happiness and distress are shared by all!

Disadvantages of living in a joint family:

1.Disparity among high and low earning members of the family.

2. Lack of self-esteem among financially weak members.

3. Forced to curve and practice restrain on individual dreams.

4.Creates lazy and  dependent  members.

5. General prevails over individual talent.

The nuclear family by contrast is a much smaller unit! Usually the father and the mother along with their children constitute such a unit in the society.In the twenty first century by chance or by circumstances the people are forced to live away from their main family. Of course like the joint one this too has some characteristic features.

Advantages of living in a nuclear family:

1. The ability to take individual decisions and with greater degree of freedom.

2. Women are better adapted to childcare and fulfillment of desires.

3. Less the crowd, less the interaction and hence lesser chances of family disputes!

4. Individual wealth creation and greater degree of autonomy!

Disadvantages of living in a nuclear family:

1. Isolation and loneliness. 

2.Insecurity and skepticism.

3. Financial disadvantages.

4.Lack of self-confidence.

5. Development of selfish motives.

6. Forced to take decisions ,both economic as well as emotional.

And why is the joint-nuclear family debate so important in case of BREXIT? It is because the Britishers have to weigh every pros and cons in this regard. And their decision shall be vital. It may be a possibility that Britain, even if they exit comes back to the European Union after a couple of years. It may also be possible that they choose not to exit. Both ways , the implications will span over a significantly long period of time than people do expect. Some companies will do due diligence with respect to couple of quarters following the BREXIT saga.But that may be another story for then. 

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