China’s Big Finger to All the ‘Capitalists’
The essence of Capitalism is that you take risk and ‘invest’ via ownership or debt in a venture. If the venture goes bust, then: If…
Markets
QUANTum Screw
I am neither a mathematician, nor a programmer. However, my engineering education and experience has given me a fairly decent exposure to both. For whatever…
The Shorts Did It!!
Vikram Pandit and Indra Nooyi are the two most prominent executives of Indian origin at Fortune 500 companies. From what I have read, Indra is…
The Giant Vampire Squid in 10 Minutes
Ah! Goldman Sachs games and shenanigans explained in 10 min. [media id=59 width=500 height=370]
Market Manipulation: Exhibit 1 Stock Action on Feb 25, 2010
Stop being naive in believing that the stock market is ‘efficient’ and all those nonsensical theories developed by some crackpot economists. In a LESS manipulated…
Unexpectedly a Lot of “Unexpected” News
If you are following a lot of news on the economy lately, you would have read headlines saying something or other got “unexpectedly” worse. Some…
Go-Go-90s: Introduction (1 of 3)
The purpose of this post is two-fold. To give some background on my earlier blogging (or its predecessor: bulletin board life) on the subject of…
Goldman Disects Hedge Fund Holdings
There is a valid place for the financial sector in the economy. But it should be the cart pulled by a horse called manufacturing economy….
Citibank didn’t have Enough
Citibank neither had enough, nor do they think that they gave us, the citizens enough of their crap. In the Mexican peso crisis of 1994-1995…
Another Major Shock to the World Economies?
I am not a ‘chicken-little’ or an alarmist of any kind. But, when I see disturbing developments that are going to affect our livelihood and…
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Doing the God’s Work
Remember the infamous slip of tongue by Goldman’s CEO Lloyd Blankfine that Goldman is doing “God’s work?” This PBS report sheds some light on that…
The Lone Warrior Against Sleazy Banks
It seems to me that Elizabeth Warren, Chairwoman of Congressional Oversight Panel is the only person fighting for the consumer against the sleazy business practices…
Greece Bailout
Today the Eurozone leaders have announced some sort of a rescue plan for debt burdened Greece. The pledge failed to calm fears. Experts I follow…
Free Markets, My Foot!
Here is a nonsensical rant from a right-wing nut and a CNBS host Larry Kudlow. According to this ‘recovered’ drug addict and yet to recover…
Carry Trade Implosion: Again
Recent slide in markets is mainly attributed to the implosion of economies in PIGS (Portugal, Ireland, Greece and Spain). While this is going on,rumor is…