On Friday, Aug 5 2011 at 8:01 PM when all financial markets (ex ForEx) in all western countries have closed for trading, Standard and Poor’s downgraded US Debt. Via Bloomberg: S&P lowered the U.S. one level to AA+ while keeping the outlook at “negative” as it becomes less confident Congress will end Bush-era tax cuts […]
Sorry to spoil your morning. CNBC’s Larry Kudlow tweeted this last night. Bank runs in Italy. This cannot be good.
Fascinating lecture on algos and how they operate in the trading universe.
As I mentioned several times, India with only 128% of debt burden (sovereign + consumer debt) and huge population, is the right place to be for economic growth, closely followed by China.
Financial markets have given an unforgettable 50th birthday gift to the President. Today is nothing less than a massacre for stock markets across the world. There are any number of reasons for today’s massacre. Happy Birthday, Mr. President. The fundamental reason is imploding confidence in sovereign debts, US included. Back in 2008, many market savvy […]
Short-Term Yields Going Negative In simple English, it means that you have to PAY THE BANK TO KEEP YOUR money. This kind of imbalance happens in extreme panic situations.Via Zero Hedge: The stunner in this morning’s newsflow (the long, long overdue market collapse which is a much needed catalyst for QE3 should not surprise anyone), […]
As of May 2011, 45 million Americans, or 15% of the population are on food stamps. In 2007 the number is a mere 26 million. The great recession added nearly 20 million people (or as the well healed right-wing talk show bigots call them, “parasites”) into this social safety net. ZedroHedge noted a peculiarity in […]
It has been almost 5 months since I interviewed Manchu Lakshmi on my show. Apparently the popularity of her E-TV show, “Prematho Mee Lakshmi” is growing by leaps and bounds. The podcast of my interview with her is still getting a lot of hits on TeluGlobe. I also get e-mails that commend me or criticize […]
Debt ceiling debate is over. Once again, Republicans won the fight (not the debate). Congress passed a bill that would have no “revenue increases” (Democratic euphemism for taxes) on the “job creators” (Republican euphemism for corporations on welfare, tax dodgers, and those who are in the top 1% of earners). Grandma on Social Security, tough […]
Fair warning. For mature audience only! I don’t recall laughing this much watching a comedy clip. “caucus blockus” Williams: “Grow-up Fallon.” Fallon: “Growing is easy. I have a Boehner now.”
As in the case of Tri-Valley University, about 90% of the students who are affected by this action by the Feds are Indians, and a vast majority of them are from Andhra Pradesh. In this particular case, I beg to differ from the standard line of excuse: ignorance or innocence. We all know the maxim: ignorantia legis neminem excusat (ignorance of the law excuses no one.) I contend that it is willful participation by many students.
This the interview I talked a lot about on my July 29th show. If you don’t like RK’s style of interviewing, ignore him and focus on what she is saying. I will not be surprised if she wins it all the way and be next Miss Universe. Watch this video on YouTube
If you missed the Netflix ads or Netflix story of late, you must not be living in the United States. Regular listeners of my show know that Netflix is one of my beat-up horses. I was on record saying that it is a company with a bloated stock price and potentially an accounting scam artist. […]
Carl Bernstein – the Washington Post investigative journalist who (along with Bob Woodward) exposed Nixon’s 3rd rate burglary and break-in of Watergate weighs in on Murdoch’s News of the World hacking scandal. He doesn’t mince any words. Visit msnbc.com for breaking news, world news, and news about the economy
This is a fake job announcement for which two or three candidates will be interviewed on air on Friday’s (July 22) Mohana Muralaee GaanaLahari on TORi. My guest Dr. Michael Krimmer and myself have expertise in GIS. So, it is not surprising that I chose to place this fake announcement for a GIS Analyst. This […]
