On April 18th, I posted this note about Goldman’s take on S&P’s outlook change on US debt. There is a saying in Telugu, “dongalu dongalu oollu panchukunntlu” (Just like thieves divided the villages among themselves to rob). True to this age old maxim, Wall Street banks and the ratings agencies robbed us of our retirement […]
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), […]
When Chandrababu Naidu gave permission to a boatload of engineering and medical colleges in the early 2000’s I thought he was lowering the education standards. Its been close to a decade after these colleges mushroomed everywhere from Vizag to Vikarabad.Now I got a chance to see how these colleges are doing. The earlier guinea pigs […]
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 […]
These days we are hearing the word ceilings everywhere. There is this big hue and cry about debt ceiling and a couple of years back about the glass ceiling that was purportedly preventing women to ascend to presidency in this country(USA) as claimed by Hillary Clinton. I was curious about the origins of ceilings […]
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.”
Please join us on TORI Live Chinna Prapancham and Enjoy lite music local talent by Uma Shankar from Hyderabad. Date and Time: July 31st 2011 at 12PM EST. Link: http://www.toucheradio.com/player/tori-live.html
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.
