Comments on: The Stock Market

By: devangm

devangm — Sat, 26 Jan 2008 14:25:15 +0000

The Long Johns are funny, but not as funny as Jon Stewart on The Daily Show: while the US had everyone distracted with the Iraq war, it was up to no good in the financial sector as well. We can have a war with tax cuts, and expect to borrow $150 billion more for an “economic stimulus package” when there is a recession too.

There is likely going to be some inflation, I think its just a matter of how bad and how fast. The chain reaction is going to start with energy prices, which aren’t helping (again our fault).

By: gp

gp — Sat, 26 Jan 2008 13:48:33 +0000

good one… I have been listening about this securitisation thing and something about financial engineering a lot since the subprime crisis… Please write about that a bit so lemons (layman ) like us in financial markets can understand…

By: meen

meen — Sat, 26 Jan 2008 04:38:38 +0000

Hey I Just started my blog and put down my thoughts on the Chinese economic model.

Feel free to post your comments

http://meanertimes.blogspot.com/

By: Atanu Dey

Atanu Dey — Sat, 26 Jan 2008 04:10:47 +0000

Ghostwriter:

I don’t have the foggiest idea how one person can lose a bank 3.7 billion euros. Don’t know these sorts of things. I am willing to go along with Soros that it has something to do with systemic failures. Causes are usually embedded in the system and the symptoms are what we normally see. A deep understanding of the system is required before one can figure out the solutions.

Gaddeswarup:

Oh come on! You cannot seriously believe that I am “widely read.” My view is very unpopular in the sense that it is not shared by the masses. Indeed, I would seriously re-examine my position if I ever felt that my position coincided with the view of the majority.

I am definitely interested in issues that affect the majority, however. But the stock market is not one of them. The stock market is of direct interest to only the top of the heap and very indirectly affects the rest of the heap. The gyrations of the stock market makes for good TV just like cricket. The trend matters to me, not the sudden panics and manias.

By: gaddeswarup

gaddeswarup — Fri, 25 Jan 2008 22:40:15 +0000

Atanu,
You are possibly one of the widely read economic commentors in India. IMHO you cannot ignore these issues that affect a wide number of Indians.

By: ghostwriter

ghostwriter — Fri, 25 Jan 2008 19:27:50 +0000

It’s tempting to call that a game of Chinese Whispers; but that would be profiling. In addition, it would be incorrect, for the Chinese believe in State Capitalism – and they do not have cartoons because they seem to lack a sense of humor

Markets aside, I am interested in knowing your opinion on how one person can cost a bank 3.7 billion euros . Also – do you agree with Soros when he says that the current crisis is not a ‘normal crisis’ (whatever that means), but a ’systemic failure’