For decades he was the inscrutable face of US Federal Reserve, whose dense and verbose pronouncements on the economy were strenuously divined by Wall Street. You couldn’t accuse him of being a lively speaker, let alone a riveting storyteller. His autobiography could have been similarly boring. It isn’t. The prose is smooth and, if you are a student of global economics and markets, this book is...

MoneyLIFE presents timely, action-oriented and unbiased cover stories. The bold attack on the I-T Department, with which almost everyone has to deal, establishes this. E-filing of income-tax returns has been made compulsory for all companies and persons who come under tax-audit; the tax has to be deposited online. The rules are strict but the difficulties that assessees face in complying with...

It is too early to call a bottom

In the previous issue, I had written that stock price patterns suggested an imminent downward move in the Sensex which would probably take the market to 12,400-12,200. I had also suggested that there was chance that the Sensex would rally further from here to 14,500 but that there was hardly any trigger to take it beyond that level. Well, we did have a fresh...