Is the bear market over? Are we in a bear market? These are questions that I have to face in every classroom that I enter….so here is my reply. Frankly, I do not know. But surely the index is a far cry from 21000 index that we had seen earlier this year. Is this the first [...]
Many of the life insurance policies sold in the past 3 years may not see the “logical end” of the policy as perhaps intended. In the United States of America the endowment plans are called “permanent” policies. A high percentage of existing “permanent” insurance policies will not make it to the finish line. They will [...]
fuller version of this article of mine appeard in retuers under this heading: The Meltdown’ What to do? As a colleague in the office told me, if you want to fail and you are expecting a storm, fail first! So some of the “early birds” got protection, and then the protection vanished! The [...]
Aig, lehman, Bear sterns, Paulson, Ben Bernanke, Fed, ….if these words have been ringing in your head, and you do not understand what really happened, join me! There are many like us …so as usual I searched and a friend obliged. So here is the link – please read it: http://freakonomics.blogs.nytimes.com/2008/09/18/diamond-and-kashyap-on-the-recent-financial-upheavals/?em I hope you like [...]
Is the United States of America a capiatlist state, a communist state or a socialist country? The answer is obvious is it not? It is a capitalist country…well er so you thought. When Lehman, AIG, Merrill, etc. were distributing high salaries all of them looked like they believed in capitalism. Surely they would have said [...]
Mohan Chand Sharma a senior police officer has been shot dead by terrorist. Of course a few tears will be shed for him, the delhi police, the delhi state government and the central government will issue statements. Some money will be paid to his widow and slowly all be forgotten. Does his wife feel at [...]