Vines Shines

It is not easy to write a book on market panics and say something new. But this book manages to do that. While it covers interesting topics like types of panics, panic cycle and recent factors that have caused panics, even on something as basic as “is the market always right”, Vines offers fresh perspective. This is all the more surprising because Vines was a journalist. But instead of...

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  • 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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