You couldn't have missed the public fury over the Facebook IPO, over the last week, even if you not economically inclined ! Facebook was a darling before the IPO - great company, stratospheric valuations, etc etc, which this blogger has been heartily against. But now after the IPO , Facebook is a pariah, it botched up the IPO, lawsuits threatened, etc etc. This time this blogger is completely...
Tuesday, 29 May 2012
Monday, 21 May 2012
Never mind Greece, there's a bigger basket case
Its the world's ninth largest economy. Its six times the size of Greece. Its actually bigger than India. And its hopelessly bust . Yet; we aren't hearing much about it. Only because , its not a country. Its a state. The State of California. The world's biggest basket case ! This has been a favourite topic of mine having blogged before here and here.
California has a state budget of some...
Sunday, 13 May 2012
A matter of grave import to the nation
The Hon'ble Supreme Court of India is a very esteemed body and is concerned with matters of grave constitutional importance, on which hinges the future of this nation of 1.2 billion people. Therefore when this august body makes a ruling, we should take it very seriously and comply. It also goes...
Friday, 11 May 2012
Oh no; Not again
This blogger is rather vain about his English. And yet he was completely flummoxed when he spotted the headline "JP Morgan loses $2bn in egregious error" . He has to sheepishly admit that he did not know the meaning of the word "egregious" and had to look it up in a dictionary :( Trust a banker to...
Thursday, 10 May 2012
Pranabda ko gussa kyon aata hai
Statutory Warning - This post has language which may be offensive to some. Reader discretion is advised !
Why is the Finance Minister an angry old man - approximate translation of the title of this post for non Indians. He is one of the most mature and level headed politicians in India. And yet, these days, he is behaving like an "old f&*% with that perpetual scowl on his...
Tuesday, 8 May 2012
A cross post
Should we worry about India's economy ? Yes says Sriram, a friend and a most prolific and versatile blogger. He makes two or three posts a day and has wide and original views on a number of issues. On India's economy, he says
"Less than a fortnight into the hundred days in India, the more I
observed, the more I wondered whether India's economic "success" story
was more hype than...
Sunday, 6 May 2012
Excuse me, which way is it to Omaha ?
Where on earth is Omaha ?? I must confess I had to look it up on a map. God - its in the middle of nowhere. Who on earth wants to go to Nebraska anyway. Well, this weekend, all roads lead to Omaha, if you are a certain type who likes to make money. For its the annual jamboree of Berkshire Hathway,...
Tuesday, 1 May 2012
Cry for me, Argentina
Its time to change Andrew Lloyd Webber's famous song in Evita. There's no option, but to cry for Argentina. How else can you react to the awful move by Cristina Fernandez, Argentina's President, to nationalise YPF, two weeks ago ?
YPF, Argentina's largest oil and gas company is 57% owned by Repsol, the Spanish oil giant. Ms Fernandez's grouse against Repsol is that it is not investing in increasing...
Posts
