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VIX vs. Gold

Thought for the day "Beware of the man who does not return your blow: he neither forgives you nor allows you to forgive yourself." —George Bernard Shaw (Irish, 1856-1950) Word for the day Stardust (n) A naively romantic quality, e.g., There was stardust in her eyes. Malice towards none The order of nature is that nights are for resting and days are for working. Should government consider criminalizing all night shift work and order shutting down 24x7 call centers? First random thought this morning As per media reports, a Kolkata based steel company facing bankruptcy proceedings has received huge interest from potential suitors. The best bet received so far reportedly implies a 55% haircut for the lenders. The stock price of the company has gained 67% since September 2017. The primary principle of limited liability company form of business is that in case of insolvency the equity shareholders get paid in th...

Inflation may return to haunt markets

Thought for the day "I am a Christian. That obliges me to be a Communist." —George Bernard Shaw (Irish, 1856-1950) Word for the day Horsefeathers (n) Something not worth considering or bothering Malice towards none As Buddhist people say "Right now, it's like this!"   First random thought this morning I travelled to Uttrakhand hills through Western UP plains for 10days. Talking to people on the way, I noticed three things: 1.     It's just 14months, and the pain of demonetization has mostly faded from people's memory, regardless of how hard opposition parties and a section of media is trying to keep the issue alive till next election. 2.     There no palpable rise in strife between Hindu and Muslim communities. Their relation is as tense, or as easy if you like, as they were prior to BJP forming governments in both the states. 3.     The standing Rabi crop...

Outlook and Strategy for 2018

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Thought for the day "Choose silence of all virtues, for by it you hear other men's imperfections, and conceal your own." —George Bernard Shaw (Irish, 1856-1950) Word for the day Pinguid (adj) Fat, Oily Malice towards none One SI and one constable of UP Police, managed to misguide the entire cavalcade of the PM. #Surgical Strike 2.0 #National Security First random thought this morning The Constitution of India has been amended 101times till now. The changes made so far include some fundamental amendments like adding the words Secular and Socialist to the preamble of the Constitution. But whenever someone expresses the need for review of the Constitution, political parties, especially Congress, start making all sort of noises. UK does not have a specific constitution. US Constitution, having only 7 articles, came into effect in 1789 and has seen only 27th amendments so far. The fact that we have ...