Squid: “We share some burden”
The head of the Squid says, “We share some burden.”
Articles by Admin
Now Spreading: Oil Spill in the Gulf and European Contagion
In 1997 the Asian debt crisis was termed by the western media as “Asian Contagion.” The implication being – it is some sort of a terrible communicable disease from Asia. In the interest of ‘fairness’ I am calling the current European debt crisis, “European Contagion.” Zero Hedge reports: Now that Greece is thoroughly irrelevant, the […]
Do You See the Lighter Side of this Ad?
Do you, as a person of Indian origin, get offended by this ad? (I will let the ad speak for itself.)
Matt Taibbi Gets His Revenge on Goldman Shills
Back in May 2009, I talked a lot about Matt Taibbi’s article in Rolling Stone magazine, in which he called Goldman Sachs a “Vampire Squid.” In January of this year, I had written an article on TeluGlobe about Matt’s lone crusade against the Wall Street’s mighty banks. Alas, I lost that article to a database […]
Interview With Yandamuri Veerendranath
As I grew up, I am not reading as much Telugu literature – especially Telugu fiction. But, as a teenager I read just about everything Yandamuri wrote. I read his first novel “Rushi” when it came out as a supplicant to Swathi monthly. I immediately wrote a letter to him as soon as I read […]
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Senators Gone Too Far on Goldman!
The readers of this blog know how much I love Goldman!! I watched some part of the ‘Goldman hearings’ yesterday. A lot of these senators’ populist rhetoric is utterly stupid. So stupid that even I felt some sympathy for Goldman. Here is the simplified business model of Goldman As a market maker Goldman buys and […]
Stock Market Outlook
If it appears from my writings that I am heavily into stock market, that would be true in the past. But, currently I am in a time out mode. For this reason, so far on this blog I refrained from making a market call. The closest comment I made on market direction was in early […]
A Buffet of Derivatives in the New Financial Regulation Bill?
Remember the phrase by Mr. Buffet, “Financial weapons of mass destruction?” Not only that, several times he mocked investment bankers for little or no value they create in the economy. That was before he himself got stuck in a deep derivatives mess in 2008. He sold European style puts on S&P and it was rumored […]
My Hat Tip to Chakravarthy
For some time I have been planning to write this note of appreciation for Chakravarthy garu. I wanted to spend enough time to make sure I will hit all the points. If I waited for finding enough time, this note will lose its value. Readers of this blog and listeners of my show know where […]
Early Days of Fake News
I am a big fan of The Daily Show with Jon Stewart. Of course, that’s why one of TeluGlobe’s categories is “Fake News.” I think Fake News is the best way to have a satirical take on some the most ridiculous current events. Fake News shows have effectively shed light on the hypocrisy of many […]
Sex Scandal in the Middle of the Goldman Fraud Case?
His name is Fabrice Toure. He is in the central figure in the Government’s fraud case against Goldman Sachs. He was only 27 when Goldman gave him the FABulous opportunity to fleece clients and there by fleece some European retirement accounts. Blogs are referring to this sociopath of a banker (who is now 31) as […]
His Cure is Worse than the Disease
I think Senator Dodd’s bill on Financial Reform is no-good, very-bad, ugly bill! I have been investing/trading stocks and options (derivatives) for nearly 20 years. I read a lot of stuff on economy, markets etc etc. These are my 2 cents on Financial Regulation based on whatever I come to know from my exposure and […]
Is Hitler a Leftist?
Here is a myth: During our debate last week, in a reference to the following depiction of political ideology (by Jesse) Chakravarthy said, “Hitler is a leftist. Socialist is in his party’s name.” My immediate reaction to Chakravarthy’s comment was to laugh out loud. I won’t let these kinds of myths and assertions to pass […]
Boycott Arizona
Let us pause for a moment on the virtues of free markets, progressivism etc. There is more fundamental problem in this country: the rise of fundamentalist cult and racism. There are a lot of crazies trolling around on the streets of America. Some of them are racists disguised as ‘tea bagging patriots.’ For them losing […]
Black and Bold
Ladies and gentlemen, this is what speaking truth to the power looks like. Watch William Black’s congressional testimony. While he was ripping Lehman, Fuld was sitting right next to him. This testimony is for the history books.