fuller version of this article of mine appeard in retuers under this heading: The Meltdown’ What to do? As a colleague in the office told me, if you want to fail and you are expecting a storm, fail first! So some of the “early birds” got protection, and then the protection vanished! The […]
Aig, lehman, Bear sterns, Paulson, Ben Bernanke, Fed, ….if these words have been ringing in your head, and you do not understand what really happened, join me! There are many like us …so as usual I searched and a friend obliged. So here is the link – please read it: http://freakonomics.blogs.nytimes.com/2008/09/18/diamond-and-kashyap-on-the-recent-financial-upheavals/?em I hope you like […]
Is the United States of America a capiatlist state, a communist state or a socialist country? The answer is obvious is it not? It is a capitalist country…well er so you thought. When Lehman, AIG, Merrill, etc. were distributing high salaries all of them looked like they believed in capitalism. Surely they would have said […]
We love Americans, do we not? We use American branded shoes, cola, potato wafers, we even eat Italian Pizza in an American joint. Then we eat vada pav in another American joint. Then we drink American cola. Then we go to an American hospital, take American medicines to cure ourselves. Recently we have stopped using […]
The heavens are falling!! Heavens are falling!! Such a headlines will surely catch your attention, will it not? Media TRP / clicks are a function of excitement in the market – not a bull run or a bear run. Similarly brokers revenues are a function of frenzied activity by the client. Not just a buy […]
So at last the world is telling America a simple thing. You cannot live beyond your means for too long. When they had a huge deficit, they went to war at Afghanistan. Then at Iraq. It does not matter how much money you have – if you burn it fast enough, it will be over! […]
This is the headline that Jonathan Weil used in his article in Bloomberg. You must read the full article. Here is a summary: Freddie had accumulated $ 34.3 billion (yes Billion) of paper losses, but excluded them from calculation of regulatory capital. All Freddie had to do was say the losses were “temporary” and they […]