The Ben Bernake Dillemma

“most economists use statistics like drunks use lampposts: for support more than for light”-ChurchillThe challenge before Bernake is to make a decision to pause/stop the fed rate hike this FOMC meeting or not. While, in the last meeting the central banker suggested that forward is likely to be a slave of data (statistics). The rising [...]

Real estate – Southwards?

Its always a treat to read Deepak Parekh's review of housing scenario. A very well written Chairman's statement from the HDFC's annual report.Excerpts:The siren of caution in the real estate market is now ringing loud and clear.Tom Barrack, arguably the world's greatest real estate investor, likens the current real estate market to a game of [...]