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A 30,000 cr. ($6 billion) stimulus package

Update: Turns out it’s 30,000 cr., not 300,000 cr. Suitably edited – my apologies. India joins the global stimulation exercise. Total spending in ...

Two pieces of bad U.S. News: Unemployment and Mortgages In Trouble

Unemployment has reached 6.7% in the US, with November showing a drop of 533,000 jobs. Over 1.25 million jobs in the last three months have been lost, and the ...

Rate cuts: ECB does 0.75%

The European Central Bank has cut interest rates by 75 basis points, to 2.5%. This follows the UK rate cut by 1%, and most other European and Chinese cuts. And ...

Be careful of investing in ELSS schemes

I have just received a message that Mahindra Finsmart is offering higher commissions to get investment in four ELSS (Taxsaver) funds: Kotak Tax Saver (5%) ...

Gilt yields go down, gilt fund prices jump

Reuters: Indian bond yields at 3-yr lows on rate cut hopes Indian federal bond yields dived to three-year lows on Wednesday after China’s rate cuts ...

Buffett – Down but Not Out?

Buffett’s saga continues. The shares of BRK-A were down, at the bottom a couple days back, to nearly 50% of their highs of $150K. His derivatives bet ...

Bangalore Pink Slips and Resilient People

Meltdown impact: It was over in 5 minutes Sandeep Jadhav, a 27-year-old professional in India’s outsourcing industry, had only seen the good times. He worked ...

World Recession Is Here

From Stratfor’s Geopolitical Diary (Subscribe only) The world, at least by our reckoning, is now officially in recession. The downturn has three strands. ...

The Starbucks Theory

Says Daniel Gross, in Slate: …I propose the Starbucks theory of international economics. The higher the concentration of expensive, nautically themed, ...

Pakistan Bailed Out by the IMF

Bloomberg: Pakistan Agrees to $7.6 Billion IMF Bailout Program Pakistan agreed to a $7.6 billion bailout loan plan with the International Monetary Fund, to ...