Posted on October 8, 2008

panch-tattva talk…rate cuts

Friends, There is a concerted effort at cutting rates across globe.China’s central bank has cut rate by 277 bpa and also has reduced the reserves requirement by 50 bps.US Fed cut rates by 50 bps to just 1.5 pc. BoE and ECB have also cut rates by 50 bps.FED has also cut discount rate by … Continue reading

panch-tattva talk…the umblical cord

Friends, The world markets have demonstrated as if they have an umblical cord attaching them with USA. As if the nutrition used to come through this and now the infection is coming through it. The markets round the world since morning have tumbled because DOW was lighter by 500 pts yesterday. Nikkei, Taiwan, Hengseng , … Continue reading