1.Emerging market equity funds took in $2.3 billion in net inflows last week, according to EPFR Global, amounting to the largest inflow since mid-December. Year-to-date high for emerging market inflows 2. The US, encouraged by the likes of President Barack Obama’s advisor Larry Summers, has for decades mismanaged its finances by exploiting the hegemonic character …
Continue reading ‘Knowledge is Power:The New “New Deal”? Edition’ »
Global energy companies now dominate the list of top ten companies list based on their market capitalization as of March 27,2009. The Top Companies Listed in New York Stock Exchange (NYSE): [TABLE=146] Chart : Note: Berkshire Hathaway Inc at $138.8B may have been listed at number 10. But it has been left out since Berkshire …
Continue reading ‘Energy Companies Dominate The Top Rankings At NYSE’ »
1.The economics profession must bear a lot of the blame for the current crisis. If it is to become useful again it must undergo an intellectual revolution—becoming both broader and more modest. Goodbye, homo economicus 2.By one definition, a 21% rise in the Dow index makes this a three-week old bull market. The rapid change …
Continue reading ‘Knowledge is Power: Economics is Useless? Edition’ »
Similar to Wal-Mart (WMT) being the largest retailer in the USA, Tesco Plc (TSCDY) is the largest grocery and general merchandising retail chain in the UK based on both sales and profit measures. Tesco together with Asda, Morrisons and Sainsbury’s (“Big 4”) have a 75% share of the grocery market in the UK as of …
Continue reading ‘A Look at Tesco: The Top British Retailer’ »
1.George Soros: Britain may have to seek IMF Rescue…George Soros, the man who broke the Bank, sees a global meltdown. 2. The Inter-American Development Bank could easily double its annual lending, given the global financial crisis, Luis Alberto Moreno, the bank’s president, said ahead of an expected call on Sunday on the bank’s shareholders to …
Continue reading ‘Knowledge is Power: George Soros and Meltdown Edition’ »