Category: Finance & Investing
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Is It Better to Buy or Rent? – NYTimes.com
NYTimes.com has a nice interactive chart to evaluate if renting or buying a home is better option. Although the chart is for $ investments it wont matter what currency you use.
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How IFRS will impact financial statements
A good article in Livemint about how the switch over to IFRS will impact Indian firms. IFRS is going to have significant impact on the financial statements of Indian companies following Indian GAAP standards. IFRS mandates different accounting norms compared to Indian GAAP for recognizing Business combinations, Special Purpose Verhicles, FCCBs, ESOPs and Derivatives. Most…
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China’s financial system
A new book, Red Capitalism, takes a critical look at the China’s financial system. In late 70’s China virtually had no banks. For the next 3 decades, the senior leadership in China meticulously built a formal financial system. But concerns still remain. Beyond the facade, the book explains, lies a primitive banking system that deals…
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Fool’s Gold (by Gillian Tett)
This book tracks the history of credit derivatives market from their roots in J.P.Morgan to their eventual role in Wall Street collapse in 2008. ABS and MBS have been around for sometime that allowed banks to offload credit risk to other investors. However J.P.Morgan had a peculiar problem with their corporate lending. They needed a…
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Too big to fail (by Andrew Ross Sorkin)
This book is a definitive account of the events leading up to the crash of 2008. The narration of the events starts from March of that fateful year when Bear Stearns agreed to be sold to JPM at dirt cheap price. This was the beginning of the end of famous wall street business model. The…