Job losses in financial services have been savage

The slowdown is on in full swing. Everyone I meet is privately worried about business and jobs. Businesses are preparing for a slowdown by chopping costs. Unfortunately, in the services sector, chopping costs invariably includes layoffs. Layoffs are more evident in financial services. The scale of layoffs is frightening. From a few hands to a...

The US is a land of stock newsletters. There are hundreds of them advising investors on what to buy and sell. They use a variety of strategies and techniques to recommend stocks. Guess which is the best performing one recently? It is one that relies on astrology! Yes, Crawford Perspectives run by Arch Crawford.It’s recommended stocks were up a breathtaking 36% between January and October,...

Someone closely connected with managing the impact of the global financial crisis tells us that the government in election mode is unwilling to take any drastic action to finance cash-strapped industries which had over-ambitiously extended themselves during the bull run. The strategy, it would seem, is to do as little as possible, make optimistic statements about India’s growth, blame the US...