Which is the highest rated debt paper in the world? Well it is AAA. However a country does not get its debt paper rated. When I ask my class ‘why does a country not get its debt rated?’ I normally get a wrong answer….well not normally it is always! Let us see why sovereign […]
Never been a fan of big government…or of any kind of government. Surely one thing on which I agree with Ayn Rand… Not been a big fan of UIDAI either…and when I saw that they were nicely sitting in Tech organisations and collecting data for claiming ‘it is growing in popularity’ , the more I […]
Good and a valid question. Actually in the Indian context we do not know how much the regulators will talk to each other! For example if RBI, SEBI, MCA, IRDA, …et al spoke to each other you may not have to file the same document with each of the authorities. If MCA, for e.g. regularly […]
How do you know when is the market in a bull phase and when in a bear phase? Well it is surely difficult to know during the phase itself – only at the end of the run do you realize whether it was a bull run or a bear run. However there are some signals […]
Governments have two major advantages. One they have an unlimited scope for income – agricultural tax, excise duty, service tax, income tax, estate duty, etc. The more worrisome advantage is their ability to print currency notes. Ask Ben Bernanke – he converts coniferous trees into billions of dollars! The worry is for people who lend […]