Economy

Investors are Dancing – But no music can be heard

Is a Financial Tsunami Building up? Just as the stock price of Tesla kisses $2000 (and by the time i finish writing this piece, it might be $2200) and Apple is way past the 2Tr$ Marcap, I receive a text message from an enthusiastic friend of mine who first started investing a few months ago (March 2020) after being forced to work from home and shared his stellar success at… Read More »Investors are Dancing – But no music can be heard

10 Commandments for promoters of Listed Companies

If You are a promoter of a listed company and your basic idea is to loot the gullible public by privatising profits and socialising losses as recently done by Uber and tried hard by we-work this piece is a waste of time for you. If not read on….. Google.v top wealth destroyers in last 2 years and You will deduce that the behavioral pattern of all companies and their promoters… Read More »10 Commandments for promoters of Listed Companies

The day India’s fate changed for better

I was in the UK attending a tourism meet when I was raising a toast for Trump, not because I agree with his indiscretions etc but because I was right. I was right in believing in June just after Brexit that Trump would really prove all pollsters wrong. And he did. But what greatly enhanced the feel and the high of the bubbly on my tongue that evening was the… Read More »The day India’s fate changed for better

Goodbye Dr. Raghuram Rajan

Once upon a time there was a great manager in a great organisation who did wonderfully well. He was there on the basis of his competence and past track record. He had many great predictions to his credit and was a person respected for his knowledge and competence in his subject. His boss though was a typical type A personality, rags to riches, rose to the top of the corporation,… Read More »Goodbye Dr. Raghuram Rajan

The Run Rate Conundrum – ‘Or the beginning of The Great Depression’

Being a citizen of a country obsessed with cricket, the only run rate that I ever knew was the runs that a batsman makes per over and that i thought defined the run rate – till recently when I realised that even businesses (read new e commerce world) are getting discounted and valued on their run rates. It must be very interesting for those old brick and mortar industrial houses… Read More »The Run Rate Conundrum – ‘Or the beginning of The Great Depression’

Case for appointing Google as the Central Banker

5 years after the worst economic meltdown (US housing et al) as i watch the indices erode shareholders wealth and the Indian currency plummet, i cannot help but muse over the underlying cause of economic crises in different parts of the world. I have read of more than a handful of well known economists (Nouriel Roubini, Peter Schiff, Ron Paul, Raghuram Rajan etc etc) who claim to have predicted the… Read More »Case for appointing Google as the Central Banker

The case for a perpetual Christmas

Recession has been the most pronounced word of 2009. Some call it the credit crunch, some just blame it on their respective governments, some blame their luck, the economists write articles analysing the happenings through a seemingly intellectual eye. My understanding is rather simplistic. Recession is lack of confidence. Recession is lack of balance. Imagine a boat ‘the universe’ which is sailing in balance and suddenly everyone moves to one… Read More »The case for a perpetual Christmas

Dollar’s hay days are almost over

Saddam Hussein was a tyrant and he cannot get any sympathy for any of his actions. But he was not executed for what he did to the Kurds or the alleged possession of weapons of mass destruction. He was executed because he started selling his oil in Euros. For a significant period of time the US of A has been an effective global policeman. And rightly so – because if… Read More »Dollar’s hay days are almost over

The rules of the global game have changed

US, Japan, Germany and UK (top 4) contribute roughly 40% of the global GDP and have held this position for a relatively long period of time. Settlement in a western country used to be a thing of pride at one point of time and in some pockets of the world – it still is. In the hinterland of Punjab in India many people would erect large concrete airplanes on their… Read More »The rules of the global game have changed