The Bright Side of Downside
 
Today’s dollar is worth less; tomorrow’s dollar could be worthless’, sums up Ron Coby in his assessment of the US economy’s future. In his book (Discover the Upside of Down, pages 258; $29.95), Coby reveals how the US Federal Reserve Board is fighting a losing battle. According to him, the Fed is up in arms against two equally scary enemies—deflation and inflation. With the Fed currently going...
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  • A Complex Morass
     
    A country that is deeply caste ridden, whose politicians are venal, whose middle class is caught in its own narcissism, where a state is not averse to targeting minority groups, whose privileged are comfortable with exploitative labour, where the State does not deliver even basic social services, whose economists are so besotted with growth that they don’t see how non-inclusive it is, whose...
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  • Loose Script

    David Faber is an award-winning journalist for CNBC who had done a long documentary titled House of Cards on the financial crisis of 2008. A TV reporter has an extremely limited opportunity to explain complicated financial and business issues in great detail. The medium does not allow him to do so. He could have brought out the inside story of the financial crisis through detailed...

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