Search interesting materials

Wednesday, November 05, 2008

Crisis watch, 5 November

TED spread 2.23
S&P 500 returns +4.08%
VIX 47.73
Nikkei 225 (11:10 AM IST) +3.56%
US Financials index +5.17%
ICICI Bank ADR +7.28%
Call rate on 4th 7.43
Currency futures (11:10 AM IST)47.05
  • I wrote an article Will the money market go into Crisis #3? in Financial Express today.
  • Ila Patnaik in Indian Express on monetary policy.
  • Gautam Chikermane on mindless bailouts.
  • See this editorial in Financial Express and this one in Indian Express.
  • Christopher Cox on reforming the US SEC. When they merge the US SEC and the US CFTC, I hope the merged entity looks more like today's CFTC and less like today's SEC.
  • Stephen Schwarzman of Blackstone Group, in Wall Street Journal on key principles that financial sector reform must emphasise.
  • The economic slowdown in China, by Ariana Eunjung Cha in Washington Post. The Shanghai Composite index has yielded nominal returns of 0% over the last 8.7 years. Things worked out slightly better in India. 8.7 years ago, Nifty was at 1722, which yields average annual returns of 7.15% over that period.

No comments:

Post a comment

Please note: Comments are moderated. Only civilised conversation is permitted on this blog. Criticism is perfectly okay; uncivilised language is not. We delete any comment which is spam, has personal attacks against anyone, or uses foul language. We delete any comment which does not contribute to the intellectual discussion about the blog article in question.

LaTeX mathematics works. This means that if you want to say $10 you have to say \$10.