Blog Posts

Monday, February 23, 2009

Sugar free Red Bull

Be conscious about how much of this stuff you drink.

Red Bull: it promises energy, but doesn't mention sticky blood...

To me sticky blood means clogged arteries, high cholesterol and heart disease.

Sunday, February 22, 2009

Nouriel Roubini

Nouriel Roubini is a professor of economics at the Stern School of Business, New York University.

http://en.wikipedia.org/wiki/Roubini

Roubini put his neck out and made dire predictions about the US and world economy when no else saw it coming. Many people with high credentials like Jacob Frenkel of AIG dismissed his predictions.

Tuesday, February 17, 2009

National Solidarity Fund?

Zbigniew Brzezinski was the National Security Advisor during the Jimmy Carter administration.

http://en.wikipedia.org/wiki/Zbigniew_Brzezinski

According to him, some $300 billion was transferred to Wall Street finance professionals during the Clinton and Bush administrations. Most of this was in the form of $1 million plus bonuses. Remember, the basis for these bonuses was the inflated stock market that was caused first by the dotcom bubble and then by the housing bubble. Some like Paulson and Rubin made 100s of millions during this time frame. Given the crisis that the US economy is in, Brzezinski thinks that these folks could form a National Solidarity Fund and give back.

I don't hear much from such folks these days. Are they waiting for someone else to solve the crisis before they start investing their money?

Thursday, February 5, 2009

India's economy

Professor Angus Maddison of the University of Groningen (Netherlands) has done a great deal of research on world economy over the past 2 millennia. According to him, India's economy contributed to 24% of world GDP in 1700 AD. This was a drop from the 32% contribution in 1000 AD, which was prior to the Mughal era. The contribution decreased to less than 4% in 1950. This roughly corresponds to the period of British occupation of India. Some have suggested that the demolishing of existing textile and other industries complemented by no proper replacements explain this dramatic fall. Meanwhile, the Indian diaspora was too busy fighting for freedom.

http://www.ggdc.net/maddison
http://www.ggdc.net/maddison/articles/moghul_3.pdf