Yesterday (Oct 8) on my TORi show I mentioned about the foreclosure-gate. Janet Tavakoli call it ‘the biggest fraud.’ She is one of the most trusted voices about financial markets and she dabbled in derivatives and she knows what she is talking about. Here are excerpts from an interview she gave to WaPo yesterday, which […]
Glenn Beck is quite a character. He is paranoid and schizophrenic. Don’t be fooled by the fact that his rhetoric on Wall Street sounds similar to mine. (e.g. Wall Street interest own the US Government). He sees Nazis in everybody he disagrees with. Simply stated, he is a hate farmer and a damn good one […]
What Laxman did for the match at Mohali, or for that matter making excellent contributions in 4th innings at very difficult times, is just marvellous and extraordinary. I still wonder why he has not been named as ‘Player of the Match’ for Mohali, if not for him, India would definitely lose the match. When everything […]
His name is Jerome Kerviel. He was a trader at Societe Generale, a French bank which did speculative trading as its main business along with some conventional banking. The bank says Kerviel made bets of up to euro50 billion – more than the bank’s total market value – on futures contracts on three European equity […]
POMO stands for permanent open market operations by the US federal Reserve Board. With a POMO, the Fed buys the US Treasury debt and pumps liquidity into the system. The idea is that the money freed-up from holding US Government bonds will be put into use in boosting the spending and thereby the economy. In […]
Not a day goes by without some self-proclaimed ‘conservative’ telling us how great President Regan was. Reagan was supposed to be for lower taxes and smaller government. Even before the advent of Fix news, this myth got its legs. What is the actual story about Reagan’s spending under Reagan’s presidency? This CNN article sheds some […]
Boston Globe features a photo essay (The Big Picture) on a number of huge and unfinished housing projects in Florida. My jaw dropped when I recognized the actual size of these projects and how much of this wasted investment is sitting on the balance sheets of many banks which passed ‘stress test.’ Seeing is believing.Take […]
It is “Gandhi Jayanthi” today! We will learn a lot about the great man by observing his body language during this interview. A good interview, nevertheless. What is he calling, “A bad question?” Watch till the end.
This comes to you via UK’s Telegraph: Savers told to stop moaning and start spending Savers should stop complaining about poor returns and start spending to help the economy, a senior Bank of England official warned today. Older households could afford to suffer because they had benefited from previous property price rises, Charles Bean, the […]
This comes to you via Zero Hedge: First Griffiths dissects POMO: “One of the reasons [for the surge] is POMO: what happens is the Fed buys Treasurys off the banks, the banks put the money into the market…That amount of money turns the algorithms up, then all the algo trading hits the market. Real life […]
Good to see the progress in tablet market. Specifications and build looks appealing but common RIM do you really have to come up with an other OS? Why not get WebOS on this? To me the interface looks like mix of iPhone OS and WebOS.
This piece is a part of my series on many faces of hate. I found this hate piece by accident. This guy wants to combine India and Pakistan and call it Pakistan. It is a hate piece alright – but there is a lot to laugh about what he is saying and a lot to […]
I received an e-mail today about housing market: Please talk about your predictions about housing market (both for buyers and sellers)…. I said on the show that I will post an article that analyzed this better than I can ever do… Here it is. This very reliable information comes to you via Caseay Research: Should […]
వినాయక చవితి శుభాకాంక్షలు!
Yes. Manufacturing in US is officially dead. Turn the lights of, literally! Washington Post: Light bulb factory closes; End of era for U.S. means more jobs overseas: By Peter Whoriskey Wednesday, September 8, 2010; 9:48 PM WINCHESTER, VA. – The last major GE factory making ordinary incandescent light bulbs in the United States is closing […]
