Archive for November 4th, 2014

Why business people are poor economic advisers?

November 4, 2014

Prof Krugman has this nice article on the topic. He had written an earlier piece on the issue as well. But that was for different economic times. The logic is still valid though.

(more…)

Advertisements

The White man burden of Indian equity markets…

November 4, 2014
Praveen Chakravarty, a former i-banker has this interesting article. It is actually interesting to see a former  i-banker calling FII inflows a white burden of sorts. Aren’t we always told that these flows are a divine’s blessing?
White man burden is a poem written by Rudyard Kilping and then a popular econ book by William Easterly. There is confusion as to the actual meaning of the poem but the book is pretty clear. It is based on how west has ruined the third world by giving aid.
So Chakravarty in the similar spirit shows how Indian equity markets have mainly risen because of FII inflows. So much so, he says our markets should open on national holidays and close on American ones!

(more…)

Central Bankers and the celebrity bubble they create…

November 4, 2014

Ken Rogoff writes an article which is a must read for all central bankers and the media which hypes them.

He wonders what is all this hype about central bankers? Why do we care so much about each word they say, their color of tie and god knows what all. Most central bankers love the publicity and hype and don’t shy from photo-ops and enjoy their sudden new popularity. In the process they don’t realise they are becoming victims of financial markets and governments:

(more…)


%d bloggers like this: