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Showing posts with the label Economics

Illusion of Wealth and a Fraud.

When Lehman Brothers evaporated and the official anouncement of recession started to do the headlines, I started to search for answers. I was lost. I had little or more correctly no understanding of the stock market then. And my understanding of economics did not go beyond the demand and suppy curve. So, for the next couple of weeks I read and reread a lot of material on the internet. Became, for a change, a listener in discussions that broke out at office over coffee and lunch. The frequency and duration of coffee breaks increased and I was educated.

Why to Start a Startup in Bad Economy By Paul Graham.

The following article I found while general surfing and found it interesting and more importantly pleasant amids the gloom of economic slowdown. The article is written by Paul Graham . Paul Graham is an essayist, programmer, and programming language designer. In 1995 he developed with Robert Morris the first web-based application, Viaweb, which was acquired by Yahoo in 1998. In 2002 he described a simple statistical spam filter that inspired most current filters. He's currently working on a new programming language called Arc , a new book on startups, and is one of the partners in Y Combinator . Why to Start a Startup in Bad Economy By Paul Graham. The economic situation is apparently so grim that some experts fear we may be in for a stretch as bad as the mid seventies. When Microsoft and Apple were founded. As those examples suggest, a recession may not be such a bad time to start a startup. I'm not claiming it's a particularly good time either. The truth is more b...

Paul Krugman wins the Nobel

Paul Krugman, a Professor and columnist has won the nobel for Economics this year for his work on 'analysis of trade patterns and location of economic activity'. Aged 55, he writes a column for New York Times pretty much like the one Swaminathan S. Aiyer writes for The Time of India titled Swaminomics . Where he explains different economic issues in the language of the layman. Simplifying a subject matter, without compromising with the content, has been my interest for a long time.

Black Humour

The Times of India shares some of the SMSs doing the rounds these days. I found them funny enough to share it with you all. Here are among the best samples of Black Humour. Enjoy!!!!!!!! The stock Market is the biggest weapon of mass destruction, and bloodless. If a cheque bounces and the reason is 'insufficient funds', I'm not sure if it's my account or the bank itself. There are two sides to a balance sheet. Liabilities on the left side, assets on the right. Now, on the left side there is nothing right. On the right side, there is nothing left.