02-24-2009, 12:37 AM
Dear awaisaftab
I just wanna clarify couple of things here. The accountant I mentioned in my first post is located in USA and not a Pakistani accountant. I believe Pakistani accountants are doing a good job in given circumstances in Pakistan.
Yes, generally speaking, accountants do not see a big picture. However, in my view, it is a matter of understanding of economic events. It is not related to who has masters in economics or who has not. You better know that many graduates of economics do not have in-depth understanding of the subject matter and pass it just with rote memorization. Similarly, not all accountants are equal in their abilities. Moreover, blaming each other would limit healthy discussion.
From analysis point of view, recession and inflation are two different phenomena, though their back strings are linked. To enhance discussion on various different topics related to economics, we may start a new thread dedicated to inflation that would help readers in future too from reference/discussion point of view.
Just my two cents...
Regards
I just wanna clarify couple of things here. The accountant I mentioned in my first post is located in USA and not a Pakistani accountant. I believe Pakistani accountants are doing a good job in given circumstances in Pakistan.
Yes, generally speaking, accountants do not see a big picture. However, in my view, it is a matter of understanding of economic events. It is not related to who has masters in economics or who has not. You better know that many graduates of economics do not have in-depth understanding of the subject matter and pass it just with rote memorization. Similarly, not all accountants are equal in their abilities. Moreover, blaming each other would limit healthy discussion.
From analysis point of view, recession and inflation are two different phenomena, though their back strings are linked. To enhance discussion on various different topics related to economics, we may start a new thread dedicated to inflation that would help readers in future too from reference/discussion point of view.
Just my two cents...
Regards