There They Go Again…Again – Howard Marks Memo

Some of the memos I’m happiest about having written came at times when bullish trends went too far, risk aversion disappeared and bubbles inflated. The first and best example is probably “bubble.com,” which raised questions about Internet and e-commerce stocks on the first business day of 2000. As I tell it, after ten years without…

The collapse of the Dubai bubble

Was it expected?  Well, it depends on the people you are asking.  If you ask the rulers of the kingdom, then everything is and was hunky dory.  If you ask the economists and people tracking the business of Dubai, it was always sitting on a debt bubble, ever willing to burst. The tallest building, the…

Inflation at -1.61%. Should you be happy?

Eventhough the government has been harping that inflation has dipped into negative levels, does it mean that the prices of all essential goods have gone down?  Vegetables still cost high, fuel prices are still high, housing and rentals are still beyond the reach of the common man.  What is the data based on which the…

Marc Faber’s prediction comes true

In February, Marc Faber in an interview with CNBC-TV18 predicted that the Indian market (BSE) was on a bubble and that it would fall to 14000 – 12000 (the market was around 18000 then).  What a fall it has been since.  We have already touched 8000, though the markets have slowly inched upto 9500, we…

Marc Faber’s comment on the US economy

The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico,…

The crap hits the roof – Citigroup

Merrill Lynch, UBS and now Citigroup. Years of lending money without the necessary precaution has lead to this day. The American economy is already in recession though no one wants to spell it out. Will it drag the world economy down or will the Asian dragon (China), Elephant (India) and the tigers (Korea, SE Asia)…

Vikram Pandit is Citigroup CEO

Picture source: Rediff Indira Nooyi at Pepsico and now Vikram Pandit at Citigroup. Slowly but surely, Indians are climbing up the management ladder in some of the most fiercest job environment in the world. Earlier there were rumors of probable job cuts in Citigroup. Some estimates are at 10% of the workforce. Bad times for…

Malaysian Indians look at LTTE

With the Malaysian minister asking TN Chief Minister Karunanidhi to lay off from his country’s mess, its nothing but double standards by the Malaysian government. If that’s the reason, why does Malaysia make so much noise about the situation in Myanmar and why does it espouse the Palestine cause and the muslim case around the…