I am no fan of BJP. I was and am anti Indira Gandhi’s Congress (original spelling of Feroze was Gandhy) – and in 1977 as a school kid rooted for Janata Party. I hate the way they do not want the Lok Ayukta in Karnataka, but claim that they want the Lokpal at the Centre. […]
Will the US default? Well it makes no sense for the US to default…it has enough money to pay. The President knows they should not default, so let us hope that they do not. However if you are tracking the US economy there is a huge…3 digits billion dollar default happening or about to happen […]
Not sure whether I am alone in crying hoarse about the pending US default…but I always get some support from the American media! One of the biggest players in the American bonds market (perhaps the largest) is as skeptical about the bonds issued by Uncle Sam… let us take the worst case scenario of the […]
Not sure how many of you have read ‘Straight and Crooked Thinking’ – it is a book about writing and speaking in a complicated / simple way. Now let us look at the mutual fund industry: Facts: Entry loads have been abolished. There have been a lot of redemptions in the equity schemes. There has […]
Frankly I do not have an answer…but let us see what can happen. Lots of people who have made money on the up ride from 9k to 20k whom I know are happy to sit on cash earning 10 to 10.5% p.a. interest. See the IDBI bank ad – it is screaming a rack rate […]
As far as my view on the economy is concerned, frankly it does not matter. Here I am with Peter Lynch – if I spend 10 minutes on finding out how the economy is doing, I think I have wasted 7 minutes at least. However there is too much media, student, colleagues, friends pressure to […]
Pessimism about the markets? Well no. Not really, but can see some dark clouds: – the government’s inability to control inflation – MMS acting like a rubber stamp for the Lady in White – Commodity prices – including crude of course -Interest rates HAVE TO GO UP to compensate for inflation. Sadly Indian population not […]