Gold and the Punchbowl

I have just been listening to Ben Davies’ podcast (see also FT Alphaville here) from Hinde Capital about the funding issues of the Japanese government and the points he makes are important. I have used the metaphor of Japan as a bumblebee before and while I believe that the story on Japanese savings . . . → Read More: Gold and the Punchbowl

Transactions Between Banks in Bad Assets: An Interesting Legal Drama

The much awaited decision of the Supreme Court in the matter of ICICI v. Official Liquidator of A.P.S. Star Industries is now available. The case had come as an appeal against a decision of the Gujarat High Court which invalidated transfer of Non-Performing Assets between banks. The decisions of the High Court and the . . . → Read More: Transactions Between Banks in Bad Assets: An Interesting Legal Drama

Economic Events on October 8, 2010

At 8:30 AM EDT the Employment Situation report for September will be announced, and the consensus for non-farm payrolls is an decrease of 8,000 jobs compared to a loss of 54,000 in August, the consensus for private payrolls is an increase of 85,000 jobs  compared to a gain of 67,000 in August, the consensus . . . → Read More: Economic Events on October 8, 2010