This time Nassim N. Taleb came out with “The Spurious Tail” with reference and based on his book Fooled by Randomness.
A spurious tail is the performance of a certain number of operators that is entirely caused by luck, what is called the “lucky fool” in Taleb (2001). Because of winner-take-all-effects (from globalization),spurious performance increases with time View full article »
Before the Grexit and Brokers terminologies I did an article from the train that focused on European Debt Crisis : Resolution or Dissolution. While returning back from Indore to Mumbai by India‘s non stop trains Duronto express. I met a lady and has an argument on the financial market profession and the expression of love. She has her own point of view that the people from Finance industry do not understand emotions and run for money.
But I believe emotional difficulties are common to all the profession View full article »
Leading financial media broke the story on thursday night about the $2bn trading loss on credit derivatives trading, which chief executive Jamie Dimon blamed on errors,sloppiness and bad judgement” and warned “could get worse”.
Well the Centre of loss in non other than bank’s chief investment office (CIO).It is responsible for managing and offsetting the vast amounts of “credit exposure” the bank incurs through its daily View full article »
CLNs are customized credit derivatives in the unregulated over the counter (OTC) market, issued by a bank or financial institution backed special purpose vehicle or trust. They are structured to allow the issuer to transfer a part of the credit risk to investors, who are willing to bear such a risk in return for higher yield. These deals are done outside the country, as OTC derivative contracts have no legal standing in India.This is how a CLN broadly works. A company borrows a certain amount from a bank or makes a convertible offering to that bank. View full article »
It was hot topic 4°C rise in temperature by 2020 in Rajasthan . Food production may fall by 50% by 2050 another study said.
I was just trying to figure out if the production will fall than “Who will feed India ?” India is loosing its ground where we enjoyed monopoly now Vietnam is claiming supremacy over India in commodities trading as Ho Chi Minh City continues to look like Southeast Asia’s emerging commodities hub. Already Vietnam is among the leaders in exports of a range of agricultural commodities View full article »
As I have been continuously posting on the Credit derivatives these days thought of sharing a post that I did early in 2008 when the face of Investment banking completely changed after sub-prime crisis.
There was an era when Investment banking (IB) was on the role … hefty packages, luxurious life, dream job for a financial student were some of the features of IB. Over the years evolved as a very big concept coined by the US, In India we use to call that as a merchant banking .
Goldman Sachs, Bear stern, Morgan Stanly, Lehman Brothers and Merrill Lynch were the 5 icons which use to shine at the wall street over the period of time. View full article »
The weekend was very important for the Europe mainly for the france as the Presidential Election is underway and Francois Hollande: 28.4% – with victory virtually assured in the runoff round on May 6, it is now Hollande’s election to lose, and Nicholas Sarkozy: 25.5% – make the runoff round.
It’s a big day tomorrow for the Indian markets as it’s the day of Akshaya Tritiya in India has been traditionally considered very auspicious for purchasing gold, silver, ornaments, precious stones, real estate and other long-term assets. It’s the occasion for traders,Broking houses,Banks and exchanges too who have increased their working hours for the day. View full article »
I have been writing over commodities from the last 2 years and the potential of it and the hurdles it faces, In one of my recent post I raised the concerns for cotton & gold and indeed for the cotton too.
Off late the retail investors allowed entering in the Indian commodities market, which has been dominated by the big corporate, trading houses and industries by large. Commodities as a separate asset class has immense potential for the market savvy investors, arbitrageurs and speculators. Out of the three the market is more of speculation and arbitrage, View full article »