recession - Initial Private Opinion

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Some interesting readings du jour

Lots of interesting reads in today's FT: The three steps to financial reform - By George Soros (it is a bit extreme - particularly his advocating outlawing of CDSes and banning non standardised derivatives - see my post of a few days back on OTC derivatives...

Financial crisis

Today, I along with Prof. Arpita Ghosh, my colleague at the institute, spoke on the financial crisis at the ‘ IIM-A Doctoral Colloquium 2009 ’. A member from the institute in the audience had some views, many of which I don’t agree with. a) Markets are...

Shakespeare would have disapproved rate cut

While people are busy comparing the current global recession to the great depression of 1929-34, here is a factoid I saw in the current Economist which takes us back to the Shakespearean century. Whoa. "Spluttering to a halt The Bank of England made...

Long pain ahead in the world

The similarities of the present crisis with the 1929 era are looking eerie (more on that later). While any comparision with the past may be misleading, this surely is not a self correcting 1987 style crash . It's here to stay. Even if one were to...