Outlook For Indian State Run Banks Beginning To Sour

Interest rates increases by the Reserve Bank of India, slowing credit growth and shrinking net interest margins are not the biggest of problems for the Indian State Run Banking Sector. The speed with which loans are going bad in an economy that continues to grow nominally at 13-14% per year are alarming. More...

Optimists Will Inhert The Earth

Pessimism is the order of the day. It appears that the proliferation of media and news sources (online as well as offline) has fueled the fire of pessimism. The old adage that no news is good news has a corollary that all news is bad news.

I agree that things are quite bad in most places in the world – economically, socially and politically. I also agree that from the depth of this hollow the outlook is bleak and one cannot fathom how things will ever get better again. However, one thing of which I, and my fellow optimists, are certain is that things will get better. Change is the only constant in the universe and everything is impermanent. More...