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Wednesday, October 15, 2008

Crisis watch, 15 October

Call rate on 14th 9.95%
S&P 500 returns -0.53%
VIX 55.13
Nikkei 225 (9:33 AM IST) -0.70%
US Financials index +4.55%
ICICI Bank ADR -0.94%
Currency futures (9:33 AM IST) 48.67


  1. David Brooks is a bit of a usual conservative who cant somehow seem to put his conservatism ahead of his party affiliation, unfortunately.

    There are bound to be repercussions on retail this year..too many peoples 401k are wiped out and there will be psychological damage, the movement in the polls to Obama is a clear indication.

    Finally the housing market aint found its bottom yet, and we dont know what sort of strategy will be used in the bailout to understand asset portfolios of the troubled banks.

    Seems we are a ways away fro this being over!

  2. Ajay,

    It was great to be there yesterday for the meeting on the financial crisis.

    Two quick queries -

    I would like to hear your comments on a) the UK response to the crisis, specifically Gordon Browns response/reaction to the issue and

    b) in the current Indian situation the probable fiscal policy responses (given the current political situation and the looming elections)



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