by Sriram Vadlamani 
It is getting a bit monotonous these days to blog. Not that I am tired of it, but because the global contagion is so wide spread and hitting from all corners that it is really hard to ignore it. It is with great pain I am writing this. I am not sure what is really happening. How am I supposed to know, when the world’s central banks have no clue. I rely on what the media spits out. I hope you do the same thing.
I thought every other bank is going bankrupt. That would be wishful thinking. Now, countries are going bankrupt. I heard about countries going bankrupt but this is the first time I am witnessing it. Iceland is on the brink of bankruptcy. Rumours are that Pakistan is following suit.
Economist reports that American banks have lent 96 cents per 1-dollar deposited. European banks have lent 1.40 Euros of 1 euro deposited. Isn’t that the wrong thing to do as a bank? What exactly are the regulators doing? This illogical lending has led to nationalization of banks in major countries. I think the whole world came a full circle to where India was.
October 11, 2008 Continue Reading → by Arun Prabhudesai 
Are we going nuts over India’s inflation touching 11.5%?
Think about a country where the inflation is 2.2 million percent. Yes, that’s right Zimbabwe’s inflation has risen from 165,000% in February to whooping 2.2 million. Can you imagine that.
The prices of goods double or even triple in a day !
Now here is another surprise.. Central bank has introduced a note that reads $100,000,000,000 ($ 100 billion) to cope up with cash shortages in the country.
I do not have picture of 100 billion dollar note, but here is how $ 500 million note looks like.
You know the actual value of that note ?
One 500 million dollar Zimbabwe note is worth mere 2 US dollars :)
[source]
July 20, 2008 Continue Reading →
September Roundup: Traffic, contests, announcements and more…
by Arun PrabhudesaiTrakin’ blog completed 5 months of existence at the end of September 07. It has been another great month from traffic and subscribers point of view. I am happy that Trakin’ is received quite well. I have been receiving quite a few positive emails and comments . Heartfelt thanks to all of you, who have written to me and appreciated the efforts. A big thanks also to people who have been Trakin’s regular readers. The visits and encouraging notes from you is what keeps me motivated all the time.