Since it is the perfect time for getting audited of their accounts for the year ended 31st March 2010 most of the companies has revealed their balance sheet. When I was going through the paper The Economic times, I was found some interesting news that, most of the companies are getting into the profits when compared to the last year profit margin. Yes since it is the recovery of the Great Depression, all the stock markets, companies like product based and project based are getting better. But still some of the companies are sending out the employees out of their companies.
Even now the sad part is: Spain, Greece and other two countries are in debt crisis. During the September 2008 to April 2009, Greece country was spending money lavishly during the times of the Great Depression. And now they are suffering. The same case happened during 1991 in India too. One thing that we can avoid during the times of economic downturn is not to spend that much. And more banks are helping out Greece and Spain now.