I have a lot of sympathy for what Chinese regulators have done with respect to the sale of derivatives by Western financial institutions to Chinese investors (companies, individuals, funds, etc.). The article makes a veiled reference to the implications that it would have for the internationalisation of the Chinese currency. But, that is best ignored.
The [...]
Recently, I came across the following observations in a research note provided by a vendor:
Some have blamed the Federal Reserve for inflating yet another asset bubble. If this is the end result, so be it. Debt deflation and the associated recession are rooted in a balance-sheet crisis. As such, the remedy must be oriented toward [...]
How to become an expert in predictions for 2010 - not just for the economy but for the society, social stability in the U.S.?
You might be able to piece together your own thoughts and forecasts from the following reading links:
Home builders get to write down losses (NYT – Gretchen Morgenson) – one more instance of State capture [...]
Ms. Lydia Polgreen based in Delhi and covering South Asia for New York Times (NYT) had written a news story on rural BPOs in India. She has covered what appears to be a start-up company (RuralShores) that is beginning to set up rural BPO centres. This has the potential to transform the rural skills and [...]
This morning I circulated a mail that another friend had sent, to few other friends. Couple of friends were not pleased with the reality that the article claimed to depict. It showed that Indian retailers suffered heavily from shop-lifting. They will be pleased with this piece. The piece reminded me of the movie, ‘Trading Places’ [...]
As I read this long piece, I wondered whether capitalism was only chipped and not broken as Martin Wolf claims in FT. Perhaps, his co-columnist John Kay was closer to the truth. Where is capitalism without morality? Wasn’t that one of the factors in the decline of Communism?
What is that makes us beasts? Or, more precisely, [...]
These two posts by Barry Ritholtz unmask Warren Buffett. He is scathing in his comments. Regardless of the tone and tenor, there is some explaining to do, for Mr. Buffett, if he cared to, that is. Many of us have wondered about his silence on Moody’s. It makes sad and disappointing reading.
In this one, he [...]
Lot of commentators have been writing about public pain and private gain in the US banking bailouts. Now, T. N. Ninan talks of public pain and private gain in the Indian Public-Private Partnership projects like Commonwealth games and Airport Construction, etc. He talks of state capture. Many commentators in the U.S. are talking of regulatory [...]
Key aspects of the October employment report:
(1) the jobless rate jump caught the headline but there were downward revisions to last two months’ payroll reports.
So, I thought the internal details of the report would be better than the headline. But, it was not to be.
(2) Hours worked came down again. This is no sign of [...]
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