Archive for October 4th, 2011

Laborers of the world unite, you have only your six-packs to lose

October 4, 2011

Bill Gross seems to be in a good and creative mood. Earlier he had had helped us understand the global crisis from a marriage market angle.

In a new piece he helps us understand the US debt and unemployment crisis from the mid-age crisis angle (in US mid-age is seen as 67!).

First his mid-age crisis and refusing to go away bulge:

(more…)

RBI nudging to use its online database

October 4, 2011

RBI’s handbook of stats on Indian economy is easily the best comprehensive data you have on Indian economy. The data is neatly divided into different headings and you get long time seris for each data classified differently and so on.

Till 2001., you  got an option to see the data in 3 formats. For instance if you are seeing Table 1 : Macro-Economic Aggregates (At Current Prices) in 2009-10 handbook, you could see it in three ways:

(more…)

RBA opens a rep office in China

October 4, 2011

I had pointed how closely Aussie fortunes are linked to China.

I just noted, Reserve Bank Of Australia opened its representative office in China! It will be headed by an Aussie how speaks Mandarin well and has been tracking Chinese economy:

(more…)

Some interesting and some random thoughts on inflation by Kaushik Basu

October 4, 2011

I am not sure how to summarise or write on this paper from Kaushik Basu. It has some interesting thoughts and some random ones. Overall all one can say is may be Basu now understands what it is to manage inflation as a policymaker rather than just talk about it. This paper is co-written with his Cornell colleague C. Marks.

The central idea behind the paper is managing inflation is a tricky business and one of the hardest talks for a policymaker. TO think it requires common sense is a cardinal mistake.

He begins discussing the inflation trend in India. It clearly is one of the most elongated period of persistent inflationary pressures in India’s history:

(more…)


%d bloggers like this: