Wall Street

And so it Began: The Revolt on Financiers

In the next election I think a majority of the incumbent politicians will be thrown out by the electorate. Until then, people have to settle scores with the elite that caused economic ruin in this country – the Wall Street 9of course, only a symbol). the revolt started, albeit at a miniscule level. Last weekend, a group of peaceful protestors staged “Occupy Wall Street” rally in lower Manhattan. They got more than what they bargained for – a police force which brutalized the peaceful protestors. I’ll let this quote and the videos to explain the rest of the story.







QUANTum Screw

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 […]


Unexpectedly a Lot of “Unexpected” News

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 […]



Wall Street 2 is Coming. I Love it Already!

Wall Street, the movie (released in 1987) Oliver Stone’s powerful narrative on the sleazy shenanigans of the Wall Street money machine. Who will forget the famous three words from this movie’s lead character Gordon Gekko (played by Michael Douglas) “Greed is good?” This phrase has echoed in the money halls of Wall Street and around […]


Can’t Pay, Take the Keys

This event by itself may not unsettle the credit markets like the news of Lehman Brothers bankruptcy filing did. But it epitomizes the symptoms of this country’s corrupt financial system where excessive credit and leverage has pretty much sucked every last penny out of the system – especially from the hardworking middle class.


Give What We Want or Else…

It is irrelevant which party is in power, the modus operandi is the same. Give us what we want, or else markets will tank! What we know from this process is that it is not the elected officials who are in charge. This is no democracy. This is an oligarchy. A bunch of fat cat bankers and large corporations are in charge. Not the Congress. Not the President.


New Found Spine or Mass Wake Up Call?

Banks, bonuses and bailouts – busted? Is this a new found spine for the President? Or, is it a reaction to the wake-up call he got from Massachusetts? Whatever it is, I don’t see the bank executives shivering in their boots.


Person of the Year, huh?

Time wants us to believe that Bernanke saved us from melt-down, but I think time will tell us a completely different story: Bernanke’s cure is worse than the disease that was ignored even caused/spread by Greenspan’s Fed.