There is a stupid lesson that the government is trying to teach the whole world – ‘spend your way out of trouble’. Luckily Indians may not listen to anything that the government says, so they will not listen to this also. Even the average American is refusing to listen to Obama – he is likely […]
USA is a rich, big, innovative country which does not get into any financial mess. This is what we were taught in school. Obviously things have changed. What is the implication of Greece problem for the US? 1. Well first of all the Euro is getting weaker. This looks like good news, but it means […]
Let us call this basic economics lessons or Economics 101. This is something that all of us who are pretending to be understanding (ok, making an attempt to understand)…should know. Have not read a more humorous column about economics ever http://www.fool.com/investing/general/2010/05/28/economics-explained-in-90-seconds.aspx?source=ifesitlnk0000001&lidx=1
Every time a person looks at his / her portfolio there is likely to be some regret: In Dec 2008 you wished you were more into cash and in 2009 you wished you were more into stocks. However one thing is certain – the most disliked asset gives very good returns..depending on how you look […]
Germany decided to bail out Greece – or rather joined the bandwagon of ‘Greece bailout helpers’. In its heart perhaps the Germans know (knew) that this is not a great deal after all. Of course the market had to tell the German government what it thought. So the market started selling Government bonds. The Government […]
What is an IDR? IDR is Indian Depository Receipts issued by a domestic depository in India and denominated in Rupees. It represents an ownership interest in a fixed number of underlying equity shares of the Issuing company. These shares are called Deposited Shares. Why should a company issue an IDR? A foreign company which cannot […]
I was reading somewhere (sadly do not remember where) that saving money is very difficult in primitive economies. In one such economy in Africa, the banker CHARGES (yes you read right) charges interest for taking money from you and keeping it safe. And people are used to PAYING interest to have their money safeguarded. There […]