Financial “Engineers,” Rethink Your Relevance to the Society
So, you are a financial “professional” on Wall Street. You think the world owes you bazillion dollars because you are: a) very smart, and b)…
Economy
Brooksley Born Grills Fraud St Chief Criminal Lloyd Blankfein
She is baaaaaack! You may recall one of my earlier posts in which I featured a Frontline documentary on Brooksley Born. Well, this visionary and…
GLD a conduit for physical demand into paper
Folks Here is an excellent summary on GLD. Please be careful and read the fund’s prospectus, if you are invetsed in it. The emperor is…
What is a Dollar?
Hello Friends This is my first posting. If you are really want to know what a “Dollar” is please see this presentation. Collapse of the…
This is SOME Economic Recovery!
Enough Said. (Hat tip to the Big Picture Blog)
iPhone 4
Apple announced the iPhone 4 today. Many of you might have seen the pictures that were leaked to the gadget site gizmodo.com. The leaked pictures…
Textbook Case of Deflation, but..
A few days ago I mentioned that fiat money’s march towards M0 is classic outcome of a deflationary economic cycle. The following news confirms my…
Financial Reform: In A Lot Less than 1000 Words
“I Would Recommend You Panic” [updated]
Hugh Hendry is a hedge fund manager from UK. He is one of those “evil short-sellers” that the establishment (read politicians and the banks) love…
Rao Chalasani on Financial Crisis (2 of 2)
I mentioned about Mr. Rao on this blog some time ago when I talked about quants. I caught-up with Rao to make sense out of the Euro crisis. Even though Rao is retired and claims that he is not in touch with what is going on in the markets lately, he is as sharp as ever. This 40 min long interview sheds light on a number of fundamental reasons for current state of world’s financial mess. Those who followed me on my Teluguone Radio show or read my articles on various blogs might find that my views are eerily similar to his views.
Podcast: Play in new window | Download (9.2MB) | Embed
Subscribe: RSS
Making Sense of Financial Crisis with Rao Chalasani 1 of 2
Mr. Rao Chalasani was a veteran Wall Street economist who retired in 2000. His long career included stints as the chief economist at Everen Securities which later became First Union Securities. Currently FUS is a unit of Wells Fargo. In the 90s he was frequently quoted in the Wall Street Journal. He was one of the straight shooters on Wall Street and one of the few whom I respected and I paid a lot of attention.
Podcast: Play in new window | Download (7.7MB) | Embed
Subscribe: RSS
Markets Sell off Today, Still Wall Street Wins
The Senate just passed a stupid bill and called it financial reform. [via CBS Marketwatch] The mammoth legislative package — which passed 59 to 39,…
Economics: “A Disgraced Profession”
Says who? James Galbraith, son of legendary James Galbraith. Well, this is a late realization for my fellow academic. For at least 14 years I…
Brian Williams on Letterman About the Recent Crash
Here is the video that Mohan garu mentioned on MMGL
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…