Saturday, July 25, 2009
Ever expanding cost of Bailout
As the days pass the reported cost of Bailout is ever expanding!! It has reached 23.7 trillion dollars now, as per Neil Barofsky, "special inspector general for the Treasury’s Troubled Asset Relief Program".
What a title!!
That is almost double the total economic output of USA, it is said.
What Pravda and Putin said one month back, now Rogers says !!
What Pravda and Putin said one month back, now Rogers says !!
What Pravda and Putin said one month back, now Rogers says !!
The World's Largest Heart Factory
“The mortality rate in Narayana Hrudyalaya is much lower than in New York State for similar kinds of heart disease,” says University of Michigan’s C.K. Prahalad. The hospital has been discussed extensively in his 2004 bestseller, The Fortune at the Bottom of the Pyramid. It has also become a case study at Harvard Business School. Adds Kokila P. Doshi, professor of Economics at University of San Diego’s business .....
More on Goldman Sachs
More on Goldman Sachs -
The bank's Lucas Van Prag hit back, calling the article an "hysterical compilation of conspiracy theories".
He went on to ask why Goldman Sachs hadn't been implicated in the shooting of JFK and faking the moon landing.
More to the point he said the bank "rejects the assertion that we are inflators of bubbles and profiteers in busts".
Real war of words there!
How much risk can you take?
How much risk can you take? Well if there is someone as big as US govt to bail you out is there any limit?
Its bankers and traders are sometimes referred to as the Bandits of Broad Street. An executive at a rival bank characterized Goldman traders as “orcs,” the warlike creatures of Middle Earth in Tolkien’s “The Lord of the Rings.”
The FM with no vision
The FM with no vision. Or could not demonstrate any during the Budget speech. And to imagine that he had almost 50 Crores worth of Ad space per TV Channel (taking into consideration that the Budget speech lasted for almost 2 full hours). And PSU'S with lot to hide in their accounts. But still the country with a BBB- rating attracts the most FDI growth rate in 2008. (60% when almost all had collapsed).
UNCTAD.ORG >> Press >> Global Foreign Direct Investment now in decline -- and estimated to have fall
Source: www.unctad.org
Home page of the Press section.
More of the banks which failed
More of the banks which failed. 52 banks that failed in 2009, most of them in April to July 2009. That is 50% out of all banks that has failed since 2000. About 25% of them since April 2009, which is almost equal to the no of Banks which had failed during the period from 2000 to 2008.
Oh, more of AAA bonds and the ghost of Goldman Sachs (bonds) rules!
Oh, more of AAA bonds and the ghost of Goldman Sachs rules!! From Baa2 (junk) to AAA. After all they say, what's in a name.
May be BBB- is better than AAA
An AAA for US and a BBB- for India. And to think that they had given AAA rating to AIG in Aug/Sep 2008 just before it had to be bailed out. Oh, these Credit Rating agencies! May be BBB- is better than AAA.
Are Chinese Banks like the apartments they make?
Are Chinese Banks like the apartments they make?
Read the link given here.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5675198/Chinas-banks-are-an-accident-waiting-to-happen-to-every-one-of-us.html
Will the Black Swan dance again or will it be the swan song?
Will the Black Swan dance again or will it be the swan song?
He hit the jackpot thrice, first as trader in the 1987 Black Monday stock market crash, then with Empirica in the Tech stock crash, 2000 and now with Universa in 2008.
Does it mean that he will be right a fourth time?
The times when Bachelors did'nt have the right to vote
The times when Bachelors did'nt have the right to vote and had to pay extra taxes.
Benjamin Franklin “a man without a wife is but half a man.” !!
Thursday, July 2, 2009
Chrome, Chromium or Iron
Chrome, Chromium, Iron - No I am talking about browsers, not metallurgy, they are all one of a feather. if you like Chrome, and is bothered about privacy and Google using your browsing data, then Iron is a good one to try.
Weak or Strong Currency - Good for Any Country
"It is painful for the exporters, but look at the other side of the coin -- the consumers. A strong currency is good for a country; it's not bad for a country. They shouldn't just be beholden to the exporters. They should listen to the consumers, who are going to gain undoubtedly because of the strong currency." Wharton finance professor Jeremy Siegel in an old article. How true & relevant even today.
Democracy or Rule of Law (Constitution)
First time we're not sure whether democracy is right or constitution is right: Whether democracy means no rules hold: Or changing goal posts while the match is ending is OK: coup in Honduras.
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