“Speculators are betting against the euro, banks are taking incalculable risks and the markets are in turmoil. Three years after the Lehman Brothers bankruptcy, the financial industry has become a threat to the global economy again. Governments missed the chance to regulate the industry, and another crash is just a matter of time.” It is […]
Lately I have been writing a lot about rising income gap in America, revolutions, pitchforks and torches etc. The Tea Party folks are delusional in thinking that they are “the revolution.” They think they are championing for the general masses with their protect the rich – err, ‘job creators’ from the evil government rhetoric. If […]
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 […]
From Times of India: Chiranjeevi, who leads the Praja Rajyam Party in Andhra Pradesh, filled up a form seeking primary membership of the Congress and the AICC headquarters in the presence of Gandhi and senior leaders. “I will remain in the Congress for the rest of my life. I will be a loyal worker…I thank […]
Look friends, I am no defender of welfare. By all means those able bodied who depend 100% on government welfare throughout their lives are parasites. But I can understand people falling on hard times getting a lift from the government as they try to get on their feet. There is nothing wrong if the […]
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 […]
I am sick and tired of a vocal minority calling the US as or becoming a socialist country. These loud mouths are controlling the debate and somehow the masses are falling for it. A country where most wealth is concentrated among the top 5% of the wealthy people is not and will never be a […]
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 […]
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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 – […]
