[This post is for mature readers only.] Some 12 years ago when tech stock bubble was in full swing, Luc, a regular poster on the Silicon Investor boards used to end his comments/posts with a tag line, “All Clowns Must be destroyed.” I used to get appalled at the meteoric rise of stocks some of […]
I am excited. The Big Man and a living legend is going to be on heard on TORi this Sunday – on the 3rd Anniversary show of Durga’s Patala Pallaki program. The show is on TORi Classic channels – at channels’ local time 12 noon. Please tune in. Durga’s message: Hi Everyone, Finally I have […]
When President Obama recently proposed Jon always manages to surprise me with his ability to tame the beast with well thought out arguments and great comebacks like the one in this interview with Mitch Daniels, Indiana Governor: “obsession, bashing and confiscating. I understand the language of unity, but I am not sure.. (if this choice […]
The central bank chairman with God complex, who arrogantly proclaimed that he could have saved the Great Depression may have been leading us in the same path. His latest ‘twist’ is here – Operation Twist, to be exact. The Twist may be a bit too much to handle for the banking system he and his […]
Attached is the satirical (in Telugu language) news roundup for the weeks ending 11-09-09, 11-09-16. Items covered: Gaali Janardhana Reddy’s arrest, Republican Debates, Michele Bachman, Ron Suskind’s Book on Obama’s Predeincy, UBS Rogue Trader Audio language: Telugu Date of broadcast on TORi: Sept 09, 16 – 2011. http://media.blubrry.com/mmgl/teluglobe.com/wp-content/uploads/2011/09/MMGL-News-Roundup-11-09-09-11-09-16.mp3Podcast: Play in new window | Download (Duration: […]
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In the news roundup segment of my Sept 16th show I made a mention of Ron Suskind’s book on Obama’s Presidency. This may be the first book of real substance about the inner workings of Obama Presidency. It sort of confirms my own instincts, which I commented here or on my show from time to […]
Netflix now trading at 139 (premarket) dropped another 20 points from when I exited my tiny bearish bet last Thu. Yesterday the CEO issued a mea culpa letter to the customers and announced that they will spin off their DVD business as “Quickster!” I messed up. I owe everyone an explanation. It is clear from […]
If you think that pic of Netflix pitchman Jason Alexander is funny, you have to know the jokes that were in circulation about AOL disks arriving mail. One example: 101 uses for all the unsolicited AOL trial disks you received. As I mentioned a couple of months ago on my TORi show, Netflix will implode […]
I haven’t had much chance to post something about the market action last week. To say the least, even in the face of extremely bearish news, at the outset it looks bizarre to see markets gain for each of the five trading days last week. Two things that explain this: a) triple witching options expiry; […]
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In the mid 90s a few regular and very knowledgeable participants on Silicon Investor bulletin board (some call it discussion board) got me interested in studying the history of manias, panics and depressions. I dug deeper into the world of dismal science purely mainly out of interest and secondarily out of self interest. One thing […]
Do you listen to Bozo Cramer on CNBS’ Mad Money show? Long before he became a TV “star,” he and I used to exchange messages and jabs on the Silicon Investor website. Back in early 1999 I said to him, (paraphrased) “For a long time after the tech bubble deflates, cheerleaders you who pump worthless […]
The picture above shows today’s Credit Default Swap spreads of the sovereign debt of PIIGS (Portugal, Italy, Ireland, Greece and Spain) countries. It means that the interest rate spread OVER the comparable Treasuries is 1737 basis points. Or, full 17% higher than the Treasuries. It means that it is virtually certain one of the countries […]
Stock markets around the world have new fuel for rally: rumors. There is a rumor every minute. Yesterday: “China to buy Italian bonds.” Not true. But, market rallied for over 100 DOW points in 5 min. Today: “French President and Greek PM are to “talk.” But markets bolted higher. Late today: Brazil to the rescue […]
1:45 PM Update: News Break: Some ugliness in credit markets. 3 mo LIBOR (London Interbank Offer Rate) is creeping up to levels close to March 2009. Now US 3 mo bills are sold at 3 mo LIBOR levels – which is at a rate higher than 3 year Treasuries. Translation: liquidity crisis. Looks like it […]
సెప్టెంబర్ 9 , 2011 MMGL show లో చైతన్య గారితో నేను చేసిన సంభాషణలో, చైనా దేశం లో ఎడా పెడా కొత్త కొత్త నగరాలు కట్టేస్తున్నారు అని చెప్పాను. ఇవి భూతనగరాలు (ghost towns). ఒబామా ఉద్యోగాల పధకం విఫలం అవుతుంది అని చెప్పాను. ఈ సంభాషణ విన్నవాళ్లు ఈ వీడియో చూస్తే నేను చైనా గురించి చెప్పిన విషయం అర్ధం అవుతుంది. అలాగే solar power గురించి మేము మాట్లాడిన ఉపయోగకర విషయాలను […]
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