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Real Estate: Builders Not Delivering, High Unsold Inventory and Then, Defaults

In real estate, for you on a Monday, is not good news. They aren’t finishing their projects, says Mansi Taneja at Business Standard. Till July this year, of ...

My name is Ben, and I’m a Central Banker.

Five years ago, the economy was in trouble. We decided that the best way for the economy was for us to buy all this mortgage stuff that other people didn’t ...

Weekly Digest: Increasing Volatility, “Real” Nifty Weakness, Rajan’s Day Out

Near Record Number of 4% Weekly Moves in the Nifty; 2013 Brings Volatility Back Oh, Volatility is here. I had written in April that we were seeing unusually ...

The Fed Does Not Taper

The US Fed decided to keep buying bonds worth $85 billion a month. There is therefore none of the expected “taper” in the bond purchase program that had ...

From the NSEL Desk: Anjani Sinha’s Affidavit

The incredulity in the NSEL scam never ceases to amaze. Latest is that the ex-CEO Anjani Sinha tells a judge that he is the fall guy. Here’s his full ...

Anjani Sinha Does a Madoff To Save The FT Board

The ex-CEO of the National Spot Exchange Limited (NSEL) has now decided to take the entire blame of the 5,500 cr. scam. So first there was a Ponzi scheme ...

More NSEL: Just 85 Lakh in Settlement Guarantee Fund

In FinTech’s annual report, note that NSEL’s settlement guarantee fund was close to non-existent in comparison with the 800 cr. , 60 cr. and even 5 cr. ...

The Next Fed Chair Will Not Be Larry Summers

It’s the end of the Fed-chair-road for Larry Summers, who withdrew his nomination for the post yesterday after Democrats opposed him on the grounds that ...

Is Jignesh Shah Trying To Sell His Stake in FT? FMC Says Fit & Proper Status at Risk

A letter by the NSEL Investors Forum chief Arun Dalmia seems to state that Jignesh Shah is in “advanced discussions” to sell his stake in Financial ...

#Linkfest: Potash De-Cartels, IIP Shadiness, Redbus-ted Exits

Pavan Srinath tells us about the breakup of the Russian-Belarusian Potash Cartel: Two big cartels control the global potash trade: the first being BPC, a joint ...
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