[Assam] World Economy & Guwahati Stock Exchange

[umesh sharma]

Uttam-da,
 
all social sciences are inexact. However, some aspects work and some don't.

Umesh 
 
--- On Sun, 21/9/08, uttam borthakur <uttamborthakur at yahoo.co.in> wrote:

From: uttam borthakur <uttamborthakur at yahoo.co.in>
Subject: Re: [Assam] World Economy & Guwahati Stock Exchange
To: umesh.sh05 at post.harvard.edu
Date: Sunday, 21 September, 2008, 10:49 PM







There was a businessman in Mangaldai, Assam, who rose from the status of a water-carrier to a millionnaire (in INR). He advised his sons that they should not invest in Elephants and in share markets. The reason was simple: in his own way he believed that a game of chance is a game of ruin. 
 
The Economists have tried to fashion a mathematical model to predict the movement of the market. But see the result. They have not been able to. I hear that even rocket engineers and mathematicians of the higher level are used to compute future and derivative markets. The failure seems to indicate one thing: the moment you predict a movement and take interventional measures, the affecting factors change (human mind included) and the outcome too is not what was originally desired.
 
As for the fate of the market, well, different people have different views, no chorus in unision: noises range from permanent crisis of capitalism to the end of history.
 
So Umesh, it appears to be an inexact science.
 
Uttam Kumar Borthakur




----- Original Message ----
From: umesh sharma <jaipurschool at yahoo.com>
To: assam at assamnet.org
Sent: Monday, 22 September, 2008 12:53:04 AM
Subject: [Assam] World Economy & Guwahati Stock Exchange


In light of the current turmoil in financial markets any opinions by our esteemed economists - UPenn ( Ivy league) economics professor Santanu Roy or AIM's Shantikam-da Hazarika or other august members.
 
Over the past one week I have phoned many old friends - one is a business correspondent with MINT -affiliated to Wall Street Journal - he says that 3 out of top 5 US investment banks are down. He agreed that housing market etc might be the short term problem. He was my roommate till last year. 
 
Then I called a child hood friend now a senior guy in treasury in Indian central bank. He said that the problem is worse and all stock markets are interlinked - Gauwahati with NYC - etc - and thus US govt is nationalizing these finance companies  - like India has done for ages- against western advice. He has put off his plans to study economics in the US for some time. I find this is the right time to learn - just I learned when Indian economy was in turmoil in 1990.
 
My new roommate BITS Pilani graduate who worked with IBM and Microsoft earlier (in US) says that it is total deregulation by the US govt (unlike India) share prices can go up or down as much as anyone pleases - in India there are circuit breakers - prices cannot go up or down beyond 3%
 
any comments
Umesh Sharma

Washington D.C. 

1-202-215-4328 [Cell]

Ed.M. - International Education Policy
Harvard Graduate School of Education,
Harvard University,
Class of 2005

http://www.uknow.gse.harvard.edu/index.html (Edu info)

http://hbswk.hbs.edu/ (Management Info)




www.gse.harvard.edu/iep (where the above 2 are used )
http://harvardscience.harvard.edu/



http://jaipurschool.bihu.in/


      
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