How stubborn can Central Bankers be? It is surprising – and I am not saying it is easy to be a central banker..just commenting. Inflation in the US and UK are about 5% – if you ask the people living there (increasing ‘consumer confidence’ is inflation assisted). However the Central Banks are refusing to believe […]
First of all, I hate predicting – especially if it is about the future! Having said that it is necessary to look at some of the over optimism that is there in the market and at some of the problems too. So today let us look at the issues: A stagnating Europe and USA will […]
I have no views, and I have no position in gold. I do not understand bullion or most of the commodities. This is a caveat. However, I know one thing – price is determined by demand and supply. This is universally true. And has always been true. Now one story I keep hearing is that […]
Wealth creation is a time consuming, easy to understand and very difficult to implement process. There are no cut fast rules on how to create wealth. Deepak Parekh, Uday Kotak, Rashesh Shah, Nirmal Jain, Raheja, Hiranandani, are all people who have created wealth by the greatest method. Run a good business, leverage with people […]
Disclaimer no. 1: I do not understand commodities. I do not understand technicals. Thus I am perhaps the worst person to be talking about Gold. Having said that, in the last few weeks I have been receiving a lot of emails, sms, etc. suggesting, arguing, cajoling me to buy gold. Not sure whether this is […]
Frankly I do not have an answer…but let us see what can happen. Lots of people who have made money on the up ride from 9k to 20k whom I know are happy to sit on cash earning 10 to 10.5% p.a. interest. See the IDBI bank ad – it is screaming a rack rate […]
If in the year you are bombarded showing you slides that gold, real estate (would you believe it?), some commodities, and EVEN SAVINGS BANK account or a money market mutual fund have done better than equity over the past 10 (yes repeat ten) years, what would you do? Obviously you will stay away from equities, […]