Ok the jury is still out on this. Once the Pound was the main currency of world trade, then it slipped. It took a couple of world wars, a depression, huge geo-political changes – big parts of the world shifted out of the Pound’s control…and the dollar became the King.
However it was not easy for [...]
One reader called this column “Malice towards one and all” . Sorry Kushwant Singh, you are not alone. I have also done a ‘Round and About’ and started in on a Saturday by saying…”All this is my own work…..”Sorry Busybee, sorry Late Beheram Contractor.
Let us check out some history of investor protection. It is quite [...]
Are you a little surprised at the title when the government is proudly talking of inflation at -1.56%? Well you should be! But look at the ground reality. Monsoon is not great – this is bound to put a lot of pressure on dal and vegetables. Luckily for us oil is not rearing its ugly [...]
http://www.subramoney.com/book-written-by-me/
I am sure all of you know the cap seller and the monkey story. So why am I telling you the same story again? No this is not the same story, it has a twist.
A capseller was looking for a place to rest in a forest. He found a nice big tree and decided to [...]
A couple of weeks back I had written a post about how the slow down will hurt some industries. Fairly clearly those companies (industries) which have a high cash burn ratio – and who cannot reduce fixed costs will bleed first. Financial services industry – life insurance, broking retail, general retail – are all vulnerable.
If [...]
Once when Brezhnev was taking his mother around his castle, showing off his cars and swimming pool, his mother asked him “Son, what if the Reds came back?”
Or so goes a story. If you think there have been excesses in the American economy, please re-think.
Top executives at Bear Stearns, Lehman Brothers, AIG (which put client’s [...]
I have no clue as to how many of the readers of this blog are from India. However, Bihar has had a major calamity – and I am sure most of the readers of this blog are sensitive – one reader has pledged Rs. 1.25 Lakhs to akshayapatra (www.akshayapatra.org). So here is another appeal:
Bihar has [...]
Economist is too respected a magazine to ignore. It also takes a balanced view of things. Many times they are right, sometimes of course, they could be wrong. Here I am reproducing a part of an article where they have spoken about India. Here, the quote starts, the highlighting is mine.
“This year foreign capital has [...]