If you have a financial planner with a ‘product sale’ mentality – especially who has sold loan products also in the past, there is a good chance that he would suggest leverage. Leverage means borrowing. So read on…
Financial planner: Borrowing sensibly is a good way to build wealth. Do a disciplined borrowing and you will [...]
I must consider my self very, very lucky. During the Harshad Mehta Boom, I bought an office space for personal usage. When the index reached 21000 I had no reason to sell. However just luckily I decided to get out of some very high price earning stocks like Tata Power, L&T, Hdfc, and invest in [...]
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 [...]
To provide liquidity to the markets, the FED, the European authorities, along with their Asian counterparts have decided to swamp the banks with money. However, this is likely to come with strings (ropes?) attached.
No money comes free – immaterial of whether it is called Debt or Equity. The authorities have put a lot of conditions [...]
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 Fed is run like any other [...]
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 it. It is [...]
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 “there [...]
The heavens are falling!! Heavens are falling!! Such a headlines will surely catch your attention, will it not?
Media TRP / clicks are a function of excitement in the market – not a bull run or a bear run. Similarly brokers revenues are a function of frenzied activity by the client. Not just a buy and [...]
So at last the world is telling America a simple thing. You cannot live beyond your means for too long. When they had a huge deficit, they went to war at Afghanistan. Then at Iraq. It does not matter how much money you have – if you burn it fast enough, it will be over! [...]
Regulators around the world like to use words like “bailout” in order to help failing institutions. Which kind of institutions get a helping hand? The honest ones? The fair ones? You got to be joking. It is friends and relatives who get bailed out!
Freddie Mac and Fannie Mae kept telling the whole world that they [...]