Archive for the ‘Economics’ Category


May 18, 2012

Internet Link Down

Dear Airtel Customer,

Your DSLLink is down. Please check your Telephone cable connected to the modem.


Different :domains:

May 18, 2012

Different domains have different errors. Can’t see why they don’t have the same errors.


May 9, 2012

White beauty.

Of course, this is for everyone

“Send 100s of photos in 1 email”

May 7, 2012

“Send 100s of photos in 1 email”

One packet of ciggies in India is approximately 1 dollar.

Hard hats

March 17, 2012

Construction workers (many of them women) carry yellow hard hats.  This is a new trend.

Found at

February 6, 2012

Real yields

DATE 5 YR 7 YR 10 YR 20 YR 30 YR
2/1/2012 -1.17 -0.78 -0.28 0.42 0.65
2/2/2012 -1.18 -0.79 -0.3 0.41 0.64
2/3/2012 -1.1 -0.72 -0.21 0.59 0.75
Sunday Feb 5, 2012, 11:51 AM

Recent CHF Libor

August 23, 2011

Swiss franc libor rates have turned negative. CHF libor overnight 22 Aug 2011, -0.02000 %,; 19 Aug 2011, -0.00333 %; 18 Aug 2011, 0.00000 %; 17 Aug 2011, 0.00000 %; 16 Aug 2011, 0.00250 %.


US T-bill yields

July 8, 2011

On the 5th July 2011, the bid yield for a US T-bill with 23 days to maturity was 0.015% p.a and the ask yield was -0.015 % p.a..  Using the discount formula for calculating the price and assuming a face value of $10,000, we get bid price=$ 9990.50 and ask price =$ 10009.58.  Since the ask price is the price at which the market maker sells, and the bid price is the price at which the market maker buys, this makes sense since he sells at a higher price than he buys.

This also means that on 5th July 2011, investors were willing to pay $10,0009.58 to get back $10,000 after 23 days.

More hats

June 16, 2011

I had white hats for the owners of the means of production and red hats for the workers.  But I discovered that the red hats actually own some part of the means of production via pension funds.  So now I need red hats with white dots and white hats with red dots (because some of the idle rich labour).  Now I’m losing my grip altogether, and giving each man a unique hat.


June 13, 2011

We are in a perfectly linear world.  The single commodity produced, in the words of the immortal Powelson, we call “Brothausen”.  So the scene is set thus:  Capitalists (White hat) own firms (empty shells at night, throbbing hives of activity by day) which produce GOODS to be consumed by those they employ, the workers (Red hat).  But here is where the going gets tricky.  Some part of the saving of the workers is onlent to the producer sector.  I speak of the pension funds.  I don’t know much about this.  I know some part of my income, with a matching contribution from my employer, is put away, wisely invested in safe government securities, so that I can draw down this balance some day.  This is where the fuzziness comes in.  Every-bloody-one -seems to own a bit of the pie.  Well, not everyone, but well over, what, at least a million people?  A billion people, or do I go too far?

Let’s stop here and backtrack.  White hats for the owners of equity.  Red hats for those they employ. But the Red hats own some companies by virtue of their pension fund being invested in them.