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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China takes rates up 25 basis points. Inflation, it seems. Lending rates are now 5.56%. Coal India’s 15,000 crore IPO is 1.7 times oversubscribed. For the record: I looked at the IPO document, realized I don’t understand a darn thing about coa…

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NYT: Canceling Dubai Property Deals Is Nearly Impossible Watch out, there’s an Emaar IPO coming up in India soon. Ritholtz: Do You Wanna Be Right, or Do You Wanna Make Money? If you are constantly fighting the tape, if you missed the run up…

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Moneylife is pissed with SEBI. I’m not in favour of their arguments; though some of them are forced through for no reason (such as KYC or KYD being made compulsory). Removal of entry load is awesome, as was the trail commission removal at the request…

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Mish is pissed at Charlie Munger’s Gall, Chutzpa and Unmitigated Effrontery when Munger thanked God Bailouts were given rather than handouts. I agree with Mish – this is rich, coming from a guy who benefited hugely from the bailouts. To tell the wo…

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A guest post at Naked Capitalism talks about how American consumers are actually spending, not deleveraging. 6 million homeowners are not paying their mortgages, and the $8 billion in cash thus freed per month is being spent. The rest of them a…

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A new discussion paper by RBI on the entry of New Banks in the private sector. MakeMyTrip goes up 90% in their US listing. Pile onto the India Bandwagon, people! MMT hasn’t made any money and won’t in the near future, but who gives a rat’s ass….

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Some interesting links: Value Research: You’re smart enough to learn about investments yourself. (HT: Samarth Modi) Trader Mark: Live rent free for three years? Just default on your mortgage. That’s what Mark says is driving up retail growt…

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It’s one of those days I have too much to read, so… Day Traders 2.0 – Wired, Angry and Loving It (NYT). Indian markets are also full of day traders, and it’s as difficult a deal here. The interesting part is in a web offering I think will m…

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