Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
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Create bubbles of property/stocks/ commodities rip up free natural resources and sell at astronomical values to gullible stupid educated grads who take loans from education/house/health/festival.
These indebted youth let them die or struggle to repay while Political + Business enjoy the richness.
Mahesh Bhatt
Consumerism is living beyond one's own means and living on debt. The type of growth we are having today built on such consumerism is highly risky. It is time that the powers that be start thinking on austerity.
The FM thinks of this when his Fiscal Deficit is close on its heels. He asks his bureaucrats not to travel abroad or travel with permission or travel on economy class in airlines etc.,etc. Austerity has to start at several levels and several instrumentalities. This is imperative for sustainable growth.
"What is negative interest rate for the consumer?
For starters, let me explain this concept with an example. Fish-vender Arundhati from a small town in Kerala has been selling fish by carrying headloads of fish from house to house for the last 25 years. Today, she buys fish costing about Rs3,500 from the wholesale market, transports it in an auto-rikshaw to her town and makes about Rs5,000 by evening by sale by carrying from door to door. Whole her life, she has been dependent on ‘Blade Bhasi’ a local money lender. Every Monday morning she borrows Rs5,000 and repays Rs5,500(including Rs500 towards interest) on Saturday evening. In this process, if the original Rs5000 belonged to Arundhati, the additional Rs500 paid is the negative interest she is paying to Blade Bhasi for safe custody of Rs 5,000 from Saturday to Monday. If the corpus of rs5,000 belonged to Blade Bhasi, the interest paid by Arundhati on the borrowed money @Rs500 per week on rs5,000 is at around 500 per cent per annum."
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