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561 ArticlesCommentary

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China cuts rates again

China slashes rates again (Bloomberg): China cut interest rates for the fifth time in three months to support the world’s fourth-biggest economy after trade ...

Felix Salmon on Madoff – it's the government's loss, too

Felix Salmon – Madoff: The Tax Implications Let’s say you’re a successful businessman who has managed to earn $10 million this year, but who ...

Ecuador chooses to default. Conspiracy Theory Ahead.

Sometimes I just don’t understand. Ecuador has chosen to default on a 30.6 million dollar payment on its bonds. Which is surprising, because it has 5.65 ...

Moral hazard for breakfast

HBOS says “bailout ke naam pe de de baba” (English equivalent) and then… HBOS Plc, the U.K. bank that told shareholders yesterday it’s ...

Bad, bad, bad News, but the markets don’t care anymore

News from around the world: Bernie Madoff cons folks like Nomura and BNP Paribas (allegedly) and many more, of $50 billion. That’s a lot for a Ponzi ...

Gilt Funds: An update

After I first wrote a post about buying Gilt funds, I went through a harrowing experience with Sharekhan + Franklin Templeton, which resulted in my money being ...

Indian Inflation Down to 8%; China Losing Steam

Indian Inflation data was out today – a figure of 8% will be deeply satisfying. With the petrol price last week, we should see even lower figures coming ...

0% on 4 week T-bills, Negative yield on the 3-month

From Bloomberg: he Treasury sold $30 billion of four-week bills at zero percent for the first time since it began selling the securities in 2001 amid ...

Dubai's Dreams in Tatters

Newsweek: Dubai’s last hurrah “It’s a tragedy in the making,” said a senior executive with one of the city’s biggest ...

Jon Stewart on the Mumbai Terrorists

Bankrupt policies pursuing bankrupt ideologies: The Daily Show With Jon StewartM – Th 11p / 10c Mumbai Tragedy Barack Obama InterviewJohn McCain ...