What happens when gold prices go down? Do we know where all the gold is? Surely when the gold bubble bursts (not sure when, but it will) what will happen? Well for people who like to learn from history please remember that it went up 25 times in the 1970s! It started from an artificially [...]
I was talking to a regulator about some changes in the financial reporting that is happening world wide and will happen in India shortly. The Reserve Bank of India has accepted it, the MCA has accepted it, SEBI has mandated…. One obvious question (esp if you are a regulator) is to ask (no clue why) [...]
In a country like USA where there is a decent press, democracy and a vigilant SEC, the financial fraud culprits are brought to book quite slowly, if at all. What will happen to Indian customers who have been had? How does one react to the CEO of a foreign bank saying “we will make up [...]
Sorry Minister it is a Systemic Failure! If you have seen 3 scams (big ones) and bribing (rampant) bribing in PSU banks all your life, this so called scam should not come as a shock (or surprise) at all. Once in a while such transactions erupt and the news channels have something to scream about. [...]
If you have been in the equity markets for 30 years you have some advantages. First you have seen many players come and go. You keep wondering how many are genuine, how many are fake. Over this period you classify people into platinum, gold, silver, …and of course mud. Fund managers also come in various [...]
IIM Bangalore has a forum…one of them had posted this Just reproducing what I found: NORFOLK, VIRGINIA – Eleven indicted Somali pirates dropped a bombshell in a U.S.court today, revealing that their entire piracy operation is a subsidiary of banking giant Goldman Sachs. There was an audible gasp in court when the leader of the [...]