Is It Better to Buy or Rent? – NYTimes.com
NYTimes.com has a nice interactive chart to evaluate if renting or buying a home is better option. Although the chart is for $ investments it wont matter what currency you use.
How IFRS will impact financial statements
A good article in Livemint about how the switch over to IFRS will impact Indian firms. IFRS is going to have significant impact on the financial statements of Indian companies following Indian GAAP standards. IFRS mandates different accounting norms compared … Continue reading
A new book, Red Capitalism, takes a critical look at the China’s financial system. In late 70′s China virtually had no banks. For the next 3 decades, the senior leadership in China meticulously built a formal financial system. But concerns … Continue reading
This book tracks the history of credit derivatives market from their roots in J.P.Morgan to their eventual role in Wall Street collapse in 2008. ABS and MBS have been around for sometime that allowed banks to offload credit risk to … Continue reading
Too big to fail (by Andrew Ross Sorkin)
This book is a definitive account of the events leading up to the crash of 2008. The narration of the events starts from March of that fateful year when Bear Stearns agreed to be sold to JPM at dirt cheap … Continue reading
Stubborn China and the impending currency war
An excellent column from Martin Wolf about fighting the currency wars with stubborn China. China has become the nation with largest current account surplus in the world. It amassed more than $2.5tn reserves which are growing at $300bn per year. The impact on other high … Continue reading
The New American Normal – NYTimes
Op-Ed Columnist – The New American Normal – A great column in NY Times about the uncertainty facing the US economy today. Clearly, there is no new direction emerging from the current economic trends. No one is sure where the … Continue reading
One of the best long term debt investments available in India is the good old Public Provident Fund (PPF). PPF offers tax benefit during investment, interest accrual and maturity (Tax exempt at all stages). PPF also offers assured return backed … Continue reading
It looks imminent that SEC will clamp down on the dark part of the of dark pools. As of 2009 there are more than 30 dark pools operating in US markets. Together they add up to 7.2% of trading volume. … Continue reading
Equity allocation in US household wealth
It is interesting to track how the equity allocation trend is changing in US with the underlying changes in demographics. Although last year’s economic crisis (It feels nice to say that in retrospection!) would have pushed households to move away … Continue reading