Tag: bear sterns

2

Subprime had happened earlier : When Genius Failed!

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Ben Bernanke, Alan Greenspan, P Chidambaram – all three are men with above average intelligence, and reasonably competent in their jobs. However, one thing common to all 3 of them is all of them are trying to play with the rules of economics. They do not let market forces play to the fullest extent. Alan […]

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1

Fed’s wrong medicine? Its slow poison

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Living in a “socialist” country and having heard slogans like “garibi hatao”, nationalisation, etc. there was some chance that RBI governor does not believe in market economics. But USA? Aw, come on Ben has to believe in free markets, or so we thought. No. He does not. He comes up with aspirin for patients who […]

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