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US Debt Crisis

Following piece published in HT, perfectly summarizes the crisis -
The US debt crisis is like a rich man who owns homes, yachts and gold but is suddenly finding it diffcult to pay off the installment on a plane he bought. Politics, however, keeps him from using his other assets to handle these payments.


Nikhil said…
US has not reached that stage yet. Obama has said they have ability to borrow more. and they have.
let senate approve it.

do u read HT? :P
Siddhesh said…
What stage? I hvnt said they hv defaulted!
Nikhil said…
the difference between rich man and USA is that USA can print money. rich man cant
Siddhesh said…
Printing money isnt exactly a "solution". Otherwise why would US have debt in the first place?
Nikhil said…
i was talking abt repayment.
Siddhesh said…
Even for repayment printing money is not a good option. It will only create new problem (read inflation/hyperinflation)
Also, if by just printing money u could repay ur loans, u would not hv credit rating agencies hving diff ratings for diff countries.

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Raja Shivchhatrapati Lyrics

इंद्र जिमि जंभ पर… बाडव सुअंभ पर… रावण सदंभ पर… रघुकुलराज है !
पौन बारिबाह पर… संभु रतिनाह पर… ज्यों सहसबाह पर… राम द्विजराज है !
उदरात माउली… रयतेस साउली… गडकोट राउळी… शिवशंकर हा
मुक्तीची मंत्रणा… युक्तीची यंत्रणा… खल दुष्टदुर्जना… प्रलयंकर हा
संतास रक्षितो… शत्रू निखंदतो… भावंडभावना… संस्थापितो
ऐसा युगेयुगे… स्मरणीय सर्वदा… माता-पिता-सखा… शिवभूप तो
दावा दृमदंड पर… चीता मृगझुंड पर… भूषन वितुंड पर… जैसे मृगराज है !
तेज तम‍ अंस पर… कान्ह जिमि कंस पर… त्यों मलिच्छ बंस पर… सेर सिवराज है !
जय भवानी, जय शिवाजी !Thanks to Nik for sending this.In case any of you want to read the whole poem you can visit this link.


Finally gave the last exam which I had targeted in the year 2010. It took me 7 months to give my first NCFM exam. But soon got into study mode for rest of the exams. I guess toughest of them all was "Investment Analysis & Portfolio Management”. The last one – “Derivatives Dealers Module” was also tough because I had lost the momentum in between as I participated in lot of Operations Simulation Games with no touch of Finance during that one and a half month period. Now, I am proud NCMP Level 3!!!


It feels really frustrating sometimes. What is the point of being the so called sincere guy in class, the “nine" pointer guy when your parents are worried about how much time you spend on TV serials and movies in hostel!