Several of my friends were in town this week for a real estate conference and I got a chance to catch-up with them and get the real deal on the Indian real estate market. They said most of the conversations at the conference went like this:
Developer A - We are okay, we didn’t grow [...]
Entries Tagged as 'Business'
Real Estate Update
September 27th, 2008 · No Comments
Tags: Business · Housing · India · Investing
Fool Me Once…
September 23rd, 2008 · 1 Comment
Shame on you
Fool me twice
Shame on me.
Ben and Henry (Benry???) as I blog are pleading their case to the Senate Banking Committee. It’s almost like a repeat of the justification for the Iraq War - If we don’t do something about weapons of mass destruction (WMD) the US is toast. This time the WMD’s are derivatives as [...]
Government Bailout Plan
September 19th, 2008 · 2 Comments
Lordy, the Treasury Secretary has spoken and in a nutshell “you the taxpayers are going to bailout the big boys.” Henry Paulson said the alternative was a complete collapse of the financial system, when phrased like that his plan doesn’t seem to bad. And, with that the markets have raced up 4%. Of course the [...]
Lloyd Banks vs Lloyds Bank
September 19th, 2008 · 1 Comment
Amid all the market chaos occurring over the past 48 hours, one news item stuck with me - Lloyds Bank threw down USD 21 billion to buy a mortgage lender. I was shocked I knew Lloyd Banks was doing well from his stint with 50 Cent and the rest of the G Unit crew…but [...]
Uncle Sam the newest PE shop in town
September 18th, 2008 · 1 Comment
The US Government over the past several months has turned into a formidable distressed investing Private Equity shop. The General Partners (Uncle Sam and team) have said that the Limited Partners (taxpayers) will have limited exposure if any. Hmmm…not sure how the deals were structured but as a Limited Partner I’m hoping to get a peak at [...]
Lehman has left the building
September 18th, 2008 · 1 Comment
Actually Lehman has sold the building. Lehman’s US broker/dealer operations were sold to Barclays for USD 1.75 billion, which seems like a good amount of dough till you read the specifics. Barclays will spend USD 1.5 billion for the Lehman headquarters in Times Square and 2 data centers and the rest - USD 250 million for the [...]
Financial Implosion
September 16th, 2008 · 3 Comments
If you are a fan of watching financial markets as a sport then the past 4 days have been action packed with all sorts of hail marys. As of now 3 of the 5 investment banks are gone - Bear, Merrill and Lehman. That leaves only Morgan Stanley and Goldman Sachs as the last of [...]
Rethinking Retail
August 29th, 2008 · 1 Comment
When it takes a foreign newspaper to highlight an Indian issue, that’s a clear indication that things are not going well. This time around it was the WSJ that reported on the Indian retail revolution is not happening as expected. I’ll admit when I first came to India 3 years back, I thought [...]
Telecom Daze
August 23rd, 2008 · 1 Comment
The past week was filled with iPhone related news in the Indian press as the launch neared. The actual launch was a joke, the phone was stupidly priced at USD 824 for the 16GB iPhone 3G. 3G the biggest features was missing, why? Because India does not have 3G running on it’s network, and to [...]
Tags: Business · Investing · Technology
Feeling Down?
July 12th, 2008 · 3 Comments
Someone emailed me yesterday and asked “why does your blog have such a negative angle on India?” Part of me wanted to just tell the person to read the headlines and tell me what they see. Americans always get blamed for not knowing anything about anything outside of the United States. Many Indian’s suffer the [...]
