tag:blogger.com,1999:blog-9084304976638843129Sun, 08 Sep 2024 03:36:23 +0000http://fari-faris.blogspot.com/noreply@blogger.com (fari)Blogger35125tag:blogger.com,1999:blog-9084304976638843129.post-4958210245604915675Mon, 06 Sep 2010 12:14:00 +00002010-09-06T05:14:35.633-07:00Don’t be sad: for sickness is a transient state of being; the sin can be forgiven, the debt will be repaid; the captive will be released, the beloved one who is abroad will return, the sinner will repent and the poor will be increased in their wealth. Do not be sad, for do you not see how the black clouds disperse and the violent winds subside? Your hardships will be followed by comfort and http://fari-faris.blogspot.com/2010/09/do-not-be-sad.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-8603832705171149153Wed, 24 Mar 2010 04:41:00 +00002010-03-23T21:41:41.093-07:00It is only when the tide goes out that you find out whose artificial islands are built on sand. Dubai, the glitzy debt-fuelled emirate famous for its its extravagant sky-scrapers and man-made lagoons Once a desert and now a concrete jungle, from the acme of the world economic roar to the precipice of bankruptcy, what has gone erroneous in the so-called glittering state in the desert? They say http://fari-faris.blogspot.com/2010/03/story-of-dubai.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-6721982773128389628Tue, 16 Feb 2010 04:05:00 +00002010-02-15T20:05:07.031-08:00Your moods as well as the clarity of your thinking are dependent on the food you consume. This is why ancient sages ate only light foods. They knew that anything more would disturb the perfectly peaceful minds they had worked so hard to cultivate and disrupt their meditations on the true meaning of life. It’s like, if you had a formula 1 race car, you wouldn’t think of fuelling it with anything http://fari-faris.blogspot.com/2010/02/please-drink-fresh-fruit-juice.htmlnoreply@blogger.com (fari)1tag:blogger.com,1999:blog-9084304976638843129.post-6395191108552033384Mon, 15 Feb 2010 02:41:00 +00002010-02-14T18:41:31.632-08:00Stop complaining about having no time for yourself and get up an hour earlier. You have the option, why not exercise it? Stop complaining about not being able to exercise given all that is on your plate these days. If you sleep 7 hours a night and work 8 hours every day, you still have more than 63 hours of free time every week to do all the things you want to do. This amounts to 252 hours every http://fari-faris.blogspot.com/2010/02/stop-complaining-start-living.htmlnoreply@blogger.com (fari)1tag:blogger.com,1999:blog-9084304976638843129.post-2012714223000580375Mon, 15 Feb 2010 02:31:00 +00002010-02-14T18:40:08.700-08:00Its been a long time since my last blog. I have been trying to identify what to post and for a change i have decided to post something different than matters of economy. I have these small thoughts that run in my head which i would like to share with you all. When movie star Kevin Costner was asked about the ups and downs of his career, he responded with these words “I’m living a life”. I found http://fari-faris.blogspot.com/2010/02/live-life.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-4960588282670502447Fri, 30 Oct 2009 20:19:00 +00002009-10-30T13:19:39.558-07:00Some say the worst is over, some say the worst is yet, to, come, some say we are nowhere and there are some who say the world is going to end 2012. Ok I am not promoting the movie 2012; I am talking of the current scenario of the economy. Ok I come back to the same question where are we heading? There is a lot of air filled with optimism saying everything is fine. But how can one say everything http://fari-faris.blogspot.com/2009/10/where-are-we-heading.htmlnoreply@blogger.com (fari)1tag:blogger.com,1999:blog-9084304976638843129.post-6293392841522979956Sun, 13 Sep 2009 18:44:00 +00002009-09-13T11:44:01.398-07:00 The problem is easy to grasp. The solution is anything but Just six months ago it seemed quite possible that we were going to find that out the hard way. We still might. But by common agreement, the risk of a global slump on a par with the 1930s has fallen substantially since the start of the year. The extraordinary policy steps taken by governments and central banks since the Great Panic http://fari-faris.blogspot.com/2009/09/year-after-shock-challenges-remain.htmlnoreply@blogger.com (fari)2tag:blogger.com,1999:blog-9084304976638843129.post-4480155560444542956Mon, 06 Jul 2009 16:03:00 +00002009-07-06T10:43:55.667-07:00It has been a long day of reviewing the budget by several individuals around India and the World. The Union Budget of India 2009-10 is in many ways playing through the traditional in-roads that have been established and taught in our Economics classes. I have been seeing lot of review of the budget and all seem to have given thumbs down for the budget except a few. Moreover, the media anchors whohttp://fari-faris.blogspot.com/2009/07/quick-glance-at-budget-proposed-tax.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-1579456360937446851Mon, 06 Jul 2009 15:47:00 +00002009-07-06T10:49:18.563-07:00India's finance minister on Monday proposed increasing the minimum alternate tax on firms, but scrapped a tax on commodity transactions.Following are some of the proposed tax changes:DIRECT TAXES* No changes in corporate taxes* Raises Minimum Alternate Tax (MAT) to 15 percent from 10 percent. The MAT was earlier introduced to make sure companies do not totally avoid taxation by claiming various http://fari-faris.blogspot.com/2009/07/quick-glance-at-budget-proposed-tax_06.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-645785049118347686Mon, 06 Jul 2009 05:41:00 +00002009-07-05T23:02:55.499-07:00This post was published to faris at 11:55:21 PM 7/5/2009On and on they held serve as the fifth set of the Wimbledon men’s final endured beyond all precedent. On and on, with shadows encroaching on the grass, Andy Roddick kept pace with Roger Federer on Centre Court as Federer attempted to close in on a record 15th Grand Slam singles title.But as cruel as the concept began to seem as both players http://fari-faris.blogspot.com/2009/07/federer-breaks-hearts-of-2-americans_05.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-3693448799020362076Fri, 08 May 2009 18:25:00 +00002009-05-08T11:25:07.023-07:00This is going to be one of those rare blog posts where I agree with everyone. There has been a lot of great economics related content on the web the past few days. In the New York Times Allan Meltzer  worries that we will soon have a great deal of inflation: Milton Friedman often said that “inflation was always and everywhere a monetary phenomenon.” The members of the Federal http://fari-faris.blogspot.com/2009/05/all-saying-different-things-all-of-them.htmlnoreply@blogger.com (fari)1tag:blogger.com,1999:blog-9084304976638843129.post-8668347236641463997Thu, 02 Apr 2009 14:26:00 +00002009-04-02T07:26:26.049-07:00My views on the economy, the stock market, the problems with the banks, the Geithner plan and whether there's light at the end of the tunnel. The rate of economic contraction will slow from the -6% of the first quarter to a figure closer to -2%. And next year the economic recovery will be so weak--growth below 1% and the unemployment rate peaking at 10%--that it will still feel like a recession http://fari-faris.blogspot.com/2009/04/dim-and-distant-but-glimmer-nonetheless.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-3781720634943874609Mon, 30 Mar 2009 17:04:00 +00002009-03-30T10:04:22.511-07:00In Q4 2008, economy expanded 5.3%, slowest pace since Q4 2003, (Q3 2008: 7.6%, Q2 2008: 7.9%) due to contracting manufacturing (-0.2%), agriculture (-2.2%) and exports Growth forecasts revised down: 2008: 7.8% (IMF), 7.4% (ADB), RBI: 7.5%; Govt: 7.1%, i-banks: 5.6-8%, RGE Monitor: 6%. Forecast for 2009: 7.1% (govt); 5.1% (IMF); 7% (ADB); I-banks: 4.3-6.3%, RGE Monitor: 5% Since December 2008 http://fari-faris.blogspot.com/2009/03/slowdown-in-economic-growth-in-gdp.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-7427291421647948025Sat, 28 Mar 2009 18:29:00 +00002009-03-28T11:29:10.578-07:00  On March 26 2009 Sensex rose to a 2 month high crossing the 10,000 mark on easing inflation and U.S. market rally. In spite of some stabilization from 2008 trends, Sensex had fallen 12.65% in 2009 as of mid-March as risk aversion and FII outflows continue. Top10 firms lost over $4 bn from their market capitalization in Feb 2009. Stock market fell over 56% in 2008 from the Jan-08 peak http://fari-faris.blogspot.com/2009/03/india-stock-market-in-bear-market-rally.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-5626373604861250044Sat, 28 Mar 2009 18:21:00 +00002009-03-28T11:21:33.579-07:00The world is running in circles with this financial crisis that has got all tangled into it without leaving anyone. I know for many this is still a recession stage, but many of the facts point to us that all are in early stage of depression or last stage of recession. But as far as any economy is concerned, all are pointing towards downward growth and India is no exception. Indian economy is in ahttp://fari-faris.blogspot.com/2009/03/indian-economy-in-deflationary-mode.htmlnoreply@blogger.com (fari)1tag:blogger.com,1999:blog-9084304976638843129.post-7502883645076076199Thu, 26 Mar 2009 19:17:00 +00002009-03-26T12:17:57.229-07:00 If the Jon Stewart vs. Jim Cramer fiasco wasn’t enough to convince you that some content changes are due at CNBC, I’m not sure what will. As I’ve said a few times here at SF and around the blogosphere, the CNBC we have today isn’t the CNBC that I knew 10 years ago as people say it to me.  There is a larger focus on sensationalism and talking heads debating themselves rather than http://fari-faris.blogspot.com/2009/03/cnbc-you-have-to-report-truth-fix-cnbc.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-1679421845739967801Thu, 26 Mar 2009 19:09:00 +00002009-03-26T12:09:07.457-07:00If the NYT description of the Treasury Department's bank rescue plan is accurate, then this should have been the headline to the article. The article reports that the Treasury Department is confident that it will not lose money by buying mortgage backed securities at far above their market price because: "the government can hold those mortgages as long as it wants, officials are betting the http://fari-faris.blogspot.com/2009/03/treasury-officials-who-missed-8.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-6324073493125092964Thu, 26 Mar 2009 19:03:00 +00002009-03-26T12:03:52.786-07:00If the U.S. government were to hand checks for tens of billions of dollars to the domestic auto industry or the steel industry to help them survive, presumably it would be viewed as a form of protectionism. However, when the checks to the banking industry, for some reason the question of protectionism never arises. The NYT had a front page story warning of the rise of protectionism. Remarkably, http://fari-faris.blogspot.com/2009/03/nytimes-ignores-protectionism-for-banks.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-6116194813414411083Wed, 25 Mar 2009 14:52:00 +00002009-03-25T07:52:51.861-07:00  Given the economic situation at hand, the word "insolvent" might be nominated as Word of the Year (2008, 2007). However, given all the attention to that word -- which basically means one is unable to cover financial obligations -- I'm not sure why more people aren't a little more concerned about the idea that our government itself may be, in effect, insolvent, and becoming more http://fari-faris.blogspot.com/2009/03/is-us-government-insolvent.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-3034897887237836385Wed, 25 Mar 2009 14:46:00 +00002009-03-25T07:46:44.192-07:00 I am becoming ever more worried. I never expected much from the Europeans or the Japanese. But I did expect the US, under a popular new president, to be more decisive than it has been. Instead, the Congress is indulging in a populist frenzy; and the administration is hoping for the best. If anybody doubts the dangers, they need only read the latest analysis from the International Monetary Fundhttp://fari-faris.blogspot.com/2009/03/why-successful-bank-rescue-is-far-away.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-948322269559951708Wed, 25 Mar 2009 14:37:00 +00002009-03-25T07:37:02.682-07:00The financial sector is widely blamed for the financial crisis, with banks and their investment vehicles considered responsible for the products at its epicentre. By contrast, investors who bought these products are seen as having played a largely passive role. In fact, demand-side pressures were the main driving force behind the growth of these products. As a result, governments will be unable http://fari-faris.blogspot.com/2009/03/root-cause-of-financial-crisis-demand.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-5755135689583504390Wed, 18 Mar 2009 15:21:00 +00002009-03-18T08:25:37.296-07:00I recently thought that i had an in-depth idea of LIBOR. But then, all of a sudden i was put into the fray and I learnt that it was only 0.1% of the entire concept I knew. For this, I thank my faculty of International Finance of my college( Mr. Chandrashekhar – amazingly brilliant ) who gave me a better perspective of the topic and now after going through various documents, articles, books and http://fari-faris.blogspot.com/2009/03/what-is-libor.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-8881646994240687784Tue, 17 Mar 2009 18:46:00 +00002009-03-17T11:46:42.491-07:00This is an article written by Paul Krugman which i felt is necessary to share. So read through this and leave your comments. “I’m in Yurp for a week, spending some time on other peoples’ problems (although in a way it’s all part of the same problem.) And one has to say that Europe has gotten itself into one heck of a mess, worse even than ours — because they have intractable adjustment problems http://fari-faris.blogspot.com/2009/03/spanish-doldrums-paul-krugman.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-1434224538562870642Mon, 16 Mar 2009 14:39:00 +00002009-03-16T07:39:39.673-07:00The Bank of England may have averted a catastrophe. If ever there was a time when England needed its own monetary authorities – acting with wartime urgency – this is the moment. Those nations with fossilised or timid central banks clinging to outdated ideologies are not so lucky. Even less lucky are those such as Spain and Ireland that have surrendered policy to a body that is deaf to their http://fari-faris.blogspot.com/2009/03/why-i-say-we-are-in-depression-zone-and.htmlnoreply@blogger.com (fari)0tag:blogger.com,1999:blog-9084304976638843129.post-6232709897402481042Sun, 15 Mar 2009 18:24:00 +00002009-03-15T11:24:36.877-07:00The economy and the stock market are closely related. Many people examine the stock market to find out how the economy is doing. It's long been known that if the stock market is in a period of decline, the economy is sure to follow. However there is little evidence that the stock market causes the economy to rise or fall. The stock market does not directly affect the economy. “It is simply a http://fari-faris.blogspot.com/2009/03/do-changes-in-stock-prices-causes.htmlnoreply@blogger.com (fari)0