As the equity markets have fallen 50% in this calendar year, 2009 markets have to be up! How appealing – and could it be wrong? You bet it can be. I am a little cramped for data – I have the March ending indices and just ran through it. It is not true at all […]
Many people have asked me what is the starting point of the “sub-prime” problem. This is really very difficult to answer. Relaxing of credit standards in US, over-leveraging by the Investment banks, spending far, far beyond one’s ability to repay..all of them can be taken to be the starting point. However, 2-3 events are remarkable […]