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| 30-11-2009 | Stock Market |
If the creditors of Dubai World do not agree to the debt standstill and a sovereign default does occur, the dollar carry trade could begin to reverse as investors return to safe-haven currenciesFinally a central banker has admitted he is as clueless as everyone else. “It is inherently extraordinarily difficult to know whether an asset’s... More »The inner mind of markets |
| 03-02-2009 | Personal Investing |
The financial crisis hasn’t spared Asia. According to the Asian Development Bank, aggregate gross domestic product (GDP) growth for Asia, excluding Japan, is forecast to fall to 5.8% in 2009, down from 6.9% in 2008 and 9% in 2007. To solve its slowdown, Asia’s economies need to start on a new track of domestic consumption and investment... More »Asia should change lanes |
| 16-01-2009 | Personal Investing |
India is still a poor country. But it has recently made a fortune on trust: it has become the country where Fortune 500 companies entrust sensitive data, banks their back-office operations, and patients their health. The Satyam Computer Services Ltd scandal raises disturbing questions about the risks of doing this kind of business with India. So ... More »Allow the market to punish malpractices |
| 25-12-2008 | Personal Investing |
Banker after banker comes at regular intervals with his CEO’s cheerful face on Indian television explaining how little the exposure of his/her bank has been to the now-defunct Lehman Brothers. Time and again (and at times almost daily) the finance minister-until-recently used to beam out of television channels trying to reassure the panic-st... More »Nothing to rejoice about |
