Look at the financial mess the Government of India is in! Thanks to some traditionally told lies, Governments all over the world have far, far more debt than what they can honestly repay. Big large countries like the US have already cheated the world by making their currencies worthless. Look at what Mamta didi wants! […]
Stupid question? Well let us attempt an answer first…then decide whether the question is stupid…. The full repayment of principal and interest is guaranteed by the government, so there is no way how you will get less than what you paid for. So in a way it is safe. However if you have a 8% […]
Will the US default? Well it makes no sense for the US to default…it has enough money to pay. The President knows they should not default, so let us hope that they do not. However if you are tracking the US economy there is a huge…3 digits billion dollar default happening or about to happen […]
I was wondering whether the title should have a ‘?’ after the word status, then decided against it ! Any other country in the world with the same statistics as USA would have been down graded..a few notches. However all the credit rating companies (you have to smirk when you talk about them) are based […]
Not getting into too much of detail about what Ayn Rand said in Atlas Shrugged..but the dialogue is worth reading. Google and find it please. She says in many of her articles that people who are goons have no respect for money and they will take it away from you. Now one easy way of […]
When we do a class on debt markets one important class is that of Debt Rating. There we say the highest and the best borrower is rated AAA. However we do not even ask – the Sovereign debt is not rated. It is supposed to be above default. When the Japenese companies were running huge […]
In the 1980s the Japanese manufacturing might was hurting the Americans. Clearly US ‘experts’ were talking about how all the manufacturing will now be Japanese. Everybody ‘knew’ that the 1990s will be the decade of the Japan. American cars were useless, American watches were too expensive, – anything that America could, Japan could do better. […]