Links – Private Banks, MMYT Lists, China’s Empty Apartments

A new discussion paper by RBI on the entry of New Banks in the private sector.

MakeMyTrip goes up 90% in their US listing. Pile onto the India Bandwagon, people! MMT hasn’t made any money and won’t in the near future, but who gives a rat’s ass. This is great for people like @Cleartrip who supposedly are profitable on a cash-flow basis (twitter conversation). I think all of them should go public.

Dhirendra Kumar on Fundamentals Weighted Indexes and how market-cap weighting (Sensex, Nifty) on Indices has skewed stock returns.

Through Business Insider: China has enough empty apartments to house 200 million people. That’s about 65 million empty apartments.

An article on Independent Financial Advisors versus Banks in the MF game, with some excellent data and graphs.

Steve Keen on “The Roving Cavaliers of Credit” on Banking, the absence of a money multiplier, a credit economy and how private banks are the ones that actually create money. Incredible read. HT @tejus_sawjiani.

Related posts:

1. China: 70 lakh sq. feet malls lying empty Anita Campbell writes: South China Mall is the world’s largest...
2. Banks and Corporates fight it out over derivatives. Banks will lose either way. From Bloomberg: Jasmin Mehta says that when he told salesmen...
3. Indian Private Consumption Falling As % of GDP While I like to believe India is a great consumption...
4. AIG funnelled taxpayer money to the big banks From Zero Hedge: AIG, knowing it would need to ask...
5. RBI Mandates Single Base Rate for Banks RBI has decided to curb the current practice of banks...

This entry was posted on Friday, August 13th, 2010 at 12:42 PM and is filed under Readings. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.