Category Archives: banking

Why I think Sridhar Vembu Diagnosis is spot on about “economic enema” Trump is administering on America

I think Vembu’s diagnosis is spot on ! IMHO, It’s basically 4 major structural weaknesses that got built by the USA into the post-war Bretton Woods global monetary architecture whose pillars were : (a) the Petro-dollar arrangements and (b) the SWIFT payment system for all trade transactions and capital flows (3) the abandonment of GoldContinue reading “Why I think Sridhar Vembu Diagnosis is spot on about “economic enema” Trump is administering on America”

The lecture I’d like to give to Prof.Christopher Robichaud, Harvard Ethics Professor on “MAGA”

If you scroll right down below ⬇️ you’ll be able to read the dirge written by a Harvard Professor of Ethics that struck me as nothing but the ravings of a bad loser going around breast-beating and wailing the defeat of the Democrats in the just concluded U.S. Presidential election 2024. https://www.hks.harvard.edu/faculty/christopher-robichaud If I wereContinue reading “The lecture I’d like to give to Prof.Christopher Robichaud, Harvard Ethics Professor on “MAGA””

THE HINDU grants generous editorial space to “Princeton Professor. Mody” to make Tom Thumb seem like Godzilla!

I am not convinced this Editorial published in today’s The Hindu is any great macro-economic insight. It is however very timely of course.  It is a stern reminder to the banking sector of course on prudent lending norms and practices.  More importantly, it is a a timely and cautionary warning to households and families (lowerContinue reading “THE HINDU grants generous editorial space to “Princeton Professor. Mody” to make Tom Thumb seem like Godzilla!”

Electoral Bond Scheme verdict: Conspiracy of the Powerful to pull wool over our eyes?

Matching buyers of electoral bonds with recipients could be tricky, say activists – https://www.thehindu.com/news/national/matching-buyers-of-electoral-bonds-with-recipients-could-be-tricky-say-activists/article67850160.ece The news today say that it’s going to be technically tricky to reveal exactly “who gave how much to which party” under the Electoral Bond Scheme which yesterday the Supreme Court of India declared as illegal and unconstitutional. In other words,Continue reading “Electoral Bond Scheme verdict: Conspiracy of the Powerful to pull wool over our eyes?”

In defence of Nobel Prize for Ben Bernanke: Party-pooping in hindsight is unfair!

Both in the stratospherically cerebral worlds of economists and central-bankers as well as in the worldwide social-media (Twitter , WhatsApp and Private email-groups), there’s a lot of trolling, snide Monday-morning quarter-backing and bitchy-sniping going on about Ben Bernanke being awarded the Nobel Prize for Economics, 2022. Below are 2 examples – one in social mediaContinue reading “In defence of Nobel Prize for Ben Bernanke: Party-pooping in hindsight is unfair!”

“Irrational exuberance and rational humility”: I am neither the Sage of Omaha nor a victim of Bernie Madoff

A friend of mine forwarded me the article/blog that you can scroll down and read. It’s sage advice indeed on investing for ordinary investors like you and me. It’s worth reading and thinking about. Being a corporate animal and careerist all my life, I’ve been an investor too myself for well over 30 years now.Continue reading ““Irrational exuberance and rational humility”: I am neither the Sage of Omaha nor a victim of Bernie Madoff”

Move aside “BigMac” ! It’s now “Chennai-Iddly’s” time !

What the above table in the chart forgot to mention is that if anyone went into a Hindu temple like Sri Kanchipuram Sri Varadaraja Swami temple and others in Tamil Nadu, you can get Kovil-iddly for free as pure Bhagavath prasaadam. 🙏 Once upon a time … I remember … the Economist UK magazine usedContinue reading “Move aside “BigMac” ! It’s now “Chennai-Iddly’s” time !”

America’s single Trillion $ Platinum Coin is its Silver Bullet: Debt deals the kiss of death to Money

Analytical report Axios .com October 3rd 2021 An increasingly vocal chorus of commentators is saying that the U.S. Treasury should #MintTheCoin — issue a small platinum token, give it a face value of $1 trillion, and deposit it at the Federal Reserve. Why it matters: The gambit, if successful, would prevent the potentially catastrophic debt defaultContinue reading “America’s single Trillion $ Platinum Coin is its Silver Bullet: Debt deals the kiss of death to Money”