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 doing a fantastic job as the CEO of Pepsi. On the other hand, Pandit caught the ‘I am a banker, and therefore I am special!’ bug. Today he was out […]
Ah! Goldman Sachs games and shenanigans explained in 10 min. [media id=59 width=500 height=370]
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 market, you may have a chance at making money in ‘investing’ or ‘trading’ securities. You might ask, “what about making money in the current market environment?” To that I say, […]
If you are watching the economic developments around the world through the tainted glasses provided by CNBS, you would think that everything in the world is just fine. Economic utopia is around the corner, yada yada yada. What else do you expect from a TV network that panders to the financial shills, a la, mutual […]
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 headlines this week: Jobless claims unexpectedly rose last week (today) New home sales unexpectedly plunged in January (earlier this week) Consumer confidence unexpectedly plunges to a 43-year low (yesterday) Durable […]
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 economy and financial markets; and To lead you into a phenomenal video produced by PBS Frontline on this subject as a sequel to this post. I have been educating myself […]
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. Not the other way round as it has been in the last 7 to 10 years. In other words, the economic activity has to be based on production and sale […]
[Via – ConsumerReports] Today the bulk of the consumer protections of the Credit Card Act of 2009 go into effect. They usher in some strong protections, but also leave some things undone. Some benefits: an end to overlimit fees, more advanced notice of changes to your account with the right to opt out, no fees […]
The legend has it, “Those who fail to learn from history are doomed to repeat it.” [Something like that.] Bill On financial matters, Bill Black is one of the guys always worth listening to. He was a successful bank regulators who handled the Savings and Loan debacle in late 80s and early 90s. In this […]
CitiBank’s stock price revisited the level at which a massive secondary was issued in late 2009 ($3:15). The secondary was issued so that they can get out of TARP and issue bonuses. Now it recovered some. Is Citibank in trouble again? The following is via Seeking Alpha: Seen on a recent Citibank (C) statement: “Effective […]
This is not a major news event – but significant, nonetheless. If you take anything to an extreme, what we will be left with is a revolution. A revolution to change the status quo. A classic example is the French Revolution of the 18th century when the monarchy that ruled France for centuries completely collapsed […]
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 CitiBank should have gone kaput. Thanks to Clinton’s Treasury Secretary Rubin and Alan Greenspan, Mexico was bailed out. The bailout gave a respite to the Orange County, CA pension fund […]
Tachedda kothi vanamella cherise (or Ta chedina koti vanamella jerise / cherise depending on how you pronounce it in telugu). Goldman apparently helped Greece to hide the debt from their healthcare system.The plan resulted in banks providing cash to Greece in return for deferred interest payments from the government. where as these are loans for […]
Teenage unemployment is at 25.5%, an all time high since government started tracking these numbers in 1948. An estimated 1.64 million kids between ages 16 – 19 are unable to find jobs. Does government benevolence contribute to high rate of teenage unemployment? Before going into the role of government as a contributing factor for teenage […]
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 lives, I feel like disseminating that ‘feeling.’ In the attached audio (podcast) bit I sounded an alarm and urged the listeners to take defensive mechanisms with your money and investments. […]
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