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
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’
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
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
Economics is quite simple really. Ask your mother who manages a home in the resources available to her. She has no problem in managing her home or saving a kitty for a rainy day. Irrespective of one’s position in the pecking order of financial freedom, the lady of the house always manages within her means. Ben Bernanke (BB) thinks otherwise. He wants the eastern world to spend beyond their means… Read More »Bernankonomics
I was travelling to Nuneaton recently on a bus that goes through Bedworth. A large number of people go to Bedworth or go from Bedworth maybe because that is the only place in vicinity that has a Tesco, Aldi and a few other stores. The bus stopped at a traffic light to let the pedestrians cross and then I saw an old lady (if my guess is right she must… Read More »The degenerate society and the economic crisis