[Assam] World Economy & Guwahati Stock Exchang

[Chan Mahanta]

Bottom Line:

As Nouriel Roubini on the News Hour ( PBS)  said a few nights back:

"In Wall Street Profits are Privatized, Losses are Socialized".












At 10:09 PM -0500 9/21/08, Ram Sarangapani wrote:
>Uttam,
>My 2 cents,
>
>>The Economists have tried to fashion a mathematical model to >predict the
>movement of the market. But see the result.
>
>I think there are some very good models , but what economists and
>forecasters don't take into account is one big factor - human weakness.
>
>If one looks at this mortgage crises in the US, fingers point to common
>thieves in business suits. These scam artists have ripped off thousands of
>poor people trying to buy into the American dream. It is the same story from
>Enron, to Freddie Mac to probably AIG and Lehman.
>
>It is not models or formulas(sic) that ought to be blamed - but the
>"caretakers" of these companies.
>
>--Ram da
>On Sun, Sep 21, 2008 at 9:51 PM, uttam borthakur <uttamborthakur at yahoo.co.in
>>  wrote:
>
>>  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.
>>
>>
>>  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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