Bangalore was fantastically refreshing, with mentionably better weather. Much  has happened in the last few days, so I’ll use this post to link-comment. Europe was downgraded (WSJ) by S&P – France is no longer AAA, and Italy is BBB-, just above junk. Portugal is junk. Step back and think about this a bit: The US [...]

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Nine Lakh Cr. stuck in risky sectors, says Firstpost. Even a 10% loss on that will hugely hurt bank capital, but the figure is exaggerated. “There is an enormous difference between a market opinion and a market position”, says Peter Brandt. A great post by an experienced trader. Lose your opinion before you lose your [...]

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The coming shortage of equity investors by the Economist, quoting a report by McKinsey. 80% of the world’s financial assets of $157 trillion are held in developed economies, where people are ageing. Pension funds are maturing and they withdraw from equities. Emerging market investors hold most of their assets in debt, very little in equity. [...]

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The Big Fight between Ma-Mu and John K about the demise of Taggle, the kamikaze (or not) act of Air Deccan, and how we should not do things. I think it’s good that we do proper post-mortems of companies without looking at the ego lifting parts of the pieces involved (“I said Air Deccan wouldn’t [...]

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The mechanization of India’s farms Everonn tanks 48% after it’s MD is arrested in a bribery case RBI proposes ending pre-payment penalties on floating rate loans. Also read: The Unnecessary Prepayment Penalty where I argue that banks have methods of overcoming short term asset-liability mismatches through their short term borrowing schemes. Car demand falls, and [...]

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A few interesting things to read over the 2-day trading holiday: Italian town printing its own currency to escape austerity (Reuters) Nidhi Nath Srinivas on the edible oil industry (ET). Read @moneybloke about KS Oils, which has fallen a magnificent 80% in the last year, from highs of Rs. 80 down to Rs. 10 today. [...]

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Krugman blames global warming for "popular rage" from lack of food. Sadly, this is really shallow. We’ve had food crises for ages, and we only had a relatively nice period in the last 10 or so years. That we’re warming is a fact, but it’s not…

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Readings after a hiatus: Dhirendra Kumar takes a jab at the labour ministry for asking for a “guarantee” of equity returns. The labour min seemingly asks for a guarantee and a minimum return – yeah, what’s different between that and buying gov…

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A Secretive Banking Elite Rules Trading in Derivatives by NYT. How the big bankers won’t let in the small guys into the market they control and keep opaque. At Forbes, In India, Size Does Matter. On how the MFI industry has screwed itself by going …

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Japan, after the bubble. An old piece but amazingly informative about how real estate screwed that country. In the same context, WSJ on the London Real Estate Bubble. Moneylife finds that expert advise is often wrong, with a recent example. Forecastin…

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