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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This scene is from the Movie, Bhama Kalapam; Adbhutam! (No need to say more)
The prime target of the 9/11/01 terrorist attacks, the Twin Towers of the World Trade Center may be gone, but the memories are with us for more reasons than one. The above picture of mine (another rare shot in which I am smiling) with twin towers in the background was only supposed to be a […]
Remembering 9/11 through the eyes of two comedians: David Letterman and Jon Stewart. Both have become legendary videos in their own right. David Letterman Part 1: David Letterman, Part 2: Watch Jon Stewart crying (Sept 20, 2001): “Out show has changed. I don’t know what it has become.” “There were no openings for a man […]
For decades, US consumers’ rampant borrow and spend habits have propelled the economic engine in US. I wrote earlier in July that a major slowdown in consumer spending has been the real reason for economic weakness in the so called “Great Recession.” Zero Hedge just put out a simple chart that explains current weakness succinctly. […]
If you think that there is excessive corruption only in South Asian countries like India or other third world countries, think again. The corruption in United States is at times 1000s of times worse. Here it is more institutionalized. I present to you one such institution – The Federal Reserve Board of New York. The purported […]
This is a good read. Via CNN. For the American economy – and for many other developed economies – the elephant in the room is the amount of money paid to bankers over the last five years. In the United States, the sum stands at an astounding $2.2 trillion. Extrapolating over the coming decade, the […]
As US markets are closed for Labor Day, it got ugly in Europe today. The news got more gloomy over the weekend and today. Greece’s second bailout is in trouble Italy troubles deepened DAX was down more than 5% today. According to Belgian Nieuwsblad, the CEO of Belgium’s biggest bank has just resigned. Zero Hedge […]
Not just Amazon, DISH is going to start competing with Netflix. DISH also bidding for HULU. Netflix, the stock, is a toast. (Via Bloomberg) Dish Network Corp. (DISH), the second largest U.S. satellite-TV provider, will introduce a Blockbuster streaming-movie service to compete with Netflix Inc. (NFLX) next month, according to a person with direct knowledge […]
The other day I asked one caller on how he is accessing podcasts posted on TeluGlobe. It appears that he is listening to them directly using the web browser via TeluGlobe site. This is a good way. The trouble with this is older episodes cannot be seen immediately unless you seek older posts or […]
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Mohan’s Note: This podcast is sponsored by Audible.com®, a leading provider of spoken audio information and entertainment. Listen to audiobooks whenever and wherever you want. Please visit the sponsor site for a free audiobook and a free 14-day trial. ———- Apple అధినేత Steve Jobs అనారోగ్య కారణాల వల్ల పదవీ విరమణ చేస్తున్న సందర్భంలో జాబ్స్ ను అభినందిస్తూ నేను […]
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