A lot of debate currently going on reducing the deficit and it is being shown as a problem that is orthogonal to economic growth, which is not true. Why can’t those thinking this way get the point that economic and employment growth can reduce the deficits and not the other way which is reducing deficits […]
5:00 PM Update: “Must read” articles on Fed getting Concerned about European bank liquidity problems. WSJ: Fed eyes European banks FT Alphaville: Should the New York Fed be worried about European banks? For us, though, the most interesting part of the WSJ article is its end, which includes some raw data on European banks’ US […]
Happy (Indian) Independence Day! If I were a stock, you could have sold me short last week and made a lot of money. 🙂 Seriously. The markets worldwide appear to have stabilized after last week’s wild gyrations. The impetus has been a) short selling ban; and b) purchase of bonds worth nearly 24bil Euros. Most […]
The other day a listener asked me where do we find reliable information. The answer is to listen to those who will tell you what you don’t want to hear. Here is something I consider as reliable. Sri Kumar of TCW Inc. “QE2 is just I consider it alchemy.. trying to base metal into gold.” […]
Aw.. What a day.. Again! This morning Europe was down big. DOW down 520, S&P 500 down 52 and NASDAQ 100 down 102. SocGen denied that it is facing any liquidity problem. That didn’t stop European indices going down by 3.0 to 5.5 percentage points Add to European bank and sovereign debt troubles, Bank of […]
సోమవారం, ఆగష్టు 8 , 2011 నాడు DOW 635 పాయింట్లు పడ్డతర్వాత, ఆ రోజు రాత్రి అనీష్ చేసిన ఇడ్లి బర్గర్ కార్యక్రమంలో ఆర్ధిక సంక్షోభం మీద శ్రోతల ప్రశ్నలకు నేనిచ్చిన జవాబులు. Audio language: Telugu Date of broadcast Aug 8, 2011 http://media.blubrry.com/mmgl/teluglobe.com/wp-content/uploads/2011/08/QA-with-Mohana-Murali-on-Financial-Crisis-Aug-8-2011.mp3Podcast: Play in new window | Download (Duration: 16:44 — 19.2MB) | EmbedSubscribe: RSS
Podcast: Play in new window | Download (Duration: 16:44 — 19.2MB) | Embed
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This can’t be good (another RED ALERT): The much awaited bounce from extremely oversold conditions has happened yesterday. I was going to say that it might be some sideways action for a couple of weeks and then a slide. May be that’s all the Ben Bounce we are going to get for a while. Brace […]
Faber says: “I think right now the technical picture is so horrible that I would use a rebound as a lightning up opportunity. I think [equities] will move lower… maybe after three months people will wake up and scratch their heads and say now, we know why it started to go down, because maybe there […]
I have been busy all day and didn’t get to follow most of the day’s developments. Wow, what a day on world stock markets. At the end of the day DOW dropped 635 points. More on the market plunge later. At 10 AM Eastern, I sneaked out to join TV9 bulletin live via telephone – […]
Following Friday’s (Aug 5) downgrade of US credit rating, S&P is rumored to set France as its next downgrade target. France’s SocGen and UK’s Unicredit are rumored to be on the ‘brink of disaster’ Europe pledged to use the EFSF to buy Italian and Spain bonds. This puts Germany, the only healthy economy in the […]
First, futures update: Dow futures are down 289 and S&P futures are down about 32. I would say, it is not as bad as many feared. We just have to wait till Monday and see how things will shape up. [I would venture to guess, the markets will be down big at the open and […]
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.
