CHAN AKYA

September 2, 2010

"Do not be very upright in your dealings for you would see by going to the forest that straight trees are cut down while crooked ones are left standing." - Chanakya (350-275 BC)

For more on the original Chanakya, the inventor of skullduggery, click here.

The G-20 piles folly on folly

Broken window panes apart, the only tangible result of the Group of 20 meeting in London - the tripling of International Monetary Fund resources to US$750 billion - is astounding. The people whose incompetence has made the fund a byword for poverty and who had no clue about the present crisis until it burst on us are now supposed to show the foresight to end it.

(Apr 06, '09)

Goldplay

Another merry week for the markets underscores the utter moral bankruptcy of the Group of Seven countries that will soon translate to financial bankruptcy. Inflation will become more common, but contrary to the apparent thinking of the People's Bank of China, there is no room for a "global" currency. All you need is gold.

(Mar 30, '09)

Bonus-free knuckleheads

The way out of the financial logjam is to provide the private sector with incentives to get its act together rather than by driving through retrospective moves designed to placate popular anger. Governments don't have any experts to deal with this problem, and it is time they acknowledged that fact.

(Mar 21, '09)

Buyer beware

Endemic fear of deflation has pushed Western governments to issue mountains of cash to their citizens. Asia is feeling the pinch, and not just in terms of currency values. Savers are seeing a decline in both current income and future purchasing power.

(Mar 16, '09)

No work and no play ...

Terrorist attacks on sportsmen have pushed the conflicting agendas of social development, national ego and attention-seeking into a new reality that is compounded by the ongoing economic crisis. Being fabulously wealthy and all too often cheating their way to achievements, sportsmen risk becoming the new focus of social anger. That is, once anger over the financiers has cooled down a tad.

(Mar 09, '09)

Beggar, I thy neighbor

The economic crisis, unsurprisingly if painfully, is forcing political realignments around the globe. The pace at which pseudo-autonomous states, from within Europe to the Gulf to the western United States, are being pushed into the embrace of richer neighbors presents rare opportunities for a new generation of Bismarckian politicians.

(Mar 02, '09)

Israeli election muddies Obama's waters

A successful and critically acclaimed film may well do more to get Indians out of their self-inflicted rut than any other media in this movie-crazy country. The more everyone around the world praises the film Slumdog Millionaire, the greater the embarrassment for the Indian middle classes who look but do not see the abject poverty and low living standards around them.

(Feb 17, '09)

False hope of protectionism

It didn't take too long for protectionist impulses to rear up across the Group of Seven leading industrialized countries as the initial bouts of Keynesian spending failed to provide any relief. Yet demographic factors dictate that any salvation for developed countries waits on increased consumption in the Asian region.

(Feb 09, '09)

Keynesian bomb is ticking

A likely consequence of the global credit crunch mixed with Keynesian spending is an inflationary spiral driven by supply shocks and a possible weather-led collapse in agricultural production. The outlook for commodities and in particular gold has improved dramatically.

(Feb 02, '09)

Family value

Family-run businesses are under siege across much of Asia amid the credit crunch and macroeconomic changes, even as they make a comeback in Japan. The need for overhauling the structures in keeping with the requirements of new capital providers must be balanced by strong leadership; suggesting that reports of family businesses simply dying away in Asia are vastly exaggerated.

(Jan 26, '09)

Capitalism at the crossroads

The battle between capitalism and its alternatives is set to intensify as the malcontents of 2008 come back seeking systemic adjustments that could prove unnecessary in the realignment of the global economy. Every step the socialists take will bring a great depression closer for a bulk of the world population.

(Jan 16, '09)

Ask not for whom the bells toll

Analysts taking perverse pleasure at the decline of emerging markets miss the main point - that the serious erosion of confidence will become an all-pervasive global affair. As the decline of the United Kingdom can be attributed to the conniptions faced by Russia, other developed countries could be tripped by the current decline of emerging markets.

(Dec 24, '08)

Honey, I switched the medication

Every government in the world is engaged in exactly the wrong course of action in response to the current crisis. As the largest borrowers attempt to bump up their borrowings, the largest savers are attempting currency devaluation to increase production. Both groups are doomed to fail, and improvement to the global economy is most unlikely over the near future.

(Dec 15, '08)

Going, going, GOME

China continues to avoid a radical overhaul of its corporate governance structures, leading to the scandals that plague its top companies, the arrest of GOME's founder and chairman being the most recent. That further erodes what remains of investors' trust, undermines capital-raising and leaves too much for the government to do.

(Dec 06, '08)

Debt cold turkey

Perhaps the worst thing you can tell a bankrupt person on a festive day such as Thanksgiving is that worse is yet to come. That precisely is what is in store for people across the global economy as deleveraging will continue to devour every scrap thrown at it by well-meaning but useless government officials around the world.

(Nov 27, '08)

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THREAD: Re: does Australia hate Muslims?
Chan Akya
(Aug 18, '10)
Thanks guys. CA
Read full post/respond
THREAD: Re: does Australia hate Muslims?
Ian Purdie
(Aug 18, '10)
At the last one (2007) I seem to recall a scandal when the spouse of a Liberal (conservative) MP holding a seat in a region of western Sydney (a region traditionally domi...
Read full post/respond
THREAD: Re: does Australia hate Muslims?
MonsoonWind
(Aug 17, '10)
Chan Akya wrote: Can someone enlighten as to their views of whether an undercurrent of resentment against Muslims has been evident or even mentioned in the debates aro...
Read full post/respond
THREAD: Re: does Australia hate Muslims?
Chan Akya
(Aug 17, '10)
Can someone enlighten as to their views of whether an undercurrent of resentment against Muslims has been evident or even mentioned in the debates around the Australian el...
Read full post/respond
THREAD: Re:Obama's battles in Asia
Chan Akya
(Aug 17, '10)
I have much respect for the work of Yves Smith. Her blog, naked capitalism has been a wonderful source of information and analysis for the past few years. CA
Read full post/respond
THREAD: Re:Why Americans hate Muslims
MonsoonWind
(Aug 17, '10)
Ian Purdie wrote: What did you personally do toward helping you team? What team Ian? I am a non-partisan freelance!
Read full post/respond
THREAD: Re:Why Americans hate Muslims
Ian Purdie
(Aug 17, '10)
So am I BC; and when it happens I won't be popping any champagne corks! I will, because I've worked my guts out for it and for those who don't like a Gillard win? Wh...
Read full post/respond
THREAD: Re:Why Americans hate Muslims
MonsoonWind
(Aug 17, '10)
Basic Channel wrote: PS. Tipping Julia to win. So am I BC; and when it happens I won't be popping any champagne corks!
Read full post/respond
THREAD: Re:Why Americans hate Muslims
Basic Channel
(Aug 17, '10)
Haha, I actually used to be very liberal in my views (used to always vote Greens at the few elections I could have) and used to dislike John Howard, which I still do. I...
Read full post/respond
THREAD: Re:Why Americans hate Muslims
Ian Purdie
(Aug 17, '10)
As for visa overstayers, I urge you to make a sharp distinction between these and the illegals. I have personally known several of them over the years - all good people. ...
Read full post/respond

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Login

The G-20 piles folly on folly

Goldplay

Bonus-free knuckleheads

Buyer beware

No work and no play ...

Beggar, I thy neighbor

Israeli election muddies Obama's waters

False hope of protectionism

Keynesian bomb is ticking

Family value

Capitalism at the crossroads

Ask not for whom the bells toll

Honey, I switched the medication

Going, going, GOME

Debt cold turkey

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