This is a bit dated news (from last week). I could only get to comment on it only now because I wanted to post this with this graphic. Who would have thunk that a third world dictator could bring Bank of England and the Derivatives King, and the anti-gold cartel leader JP Morgan to their […]
Remember the phrase by Mr. Buffet, “Financial weapons of mass destruction?” Not only that, several times he mocked investment bankers for little or no value they create in the economy. That was before he himself got stuck in a deep derivatives mess in 2008. He sold European style puts on S&P and it was rumored […]
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 reason, the world of finance and economics always fascinated me. Back in 1995, when my job was a bit shaky, I contacted Mr. Rao Chalasani about switching my career. Rao […]
