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Showing posts from October, 2008

Why we cannot become world leaders to help humanity with intellect as our capital is an enigma!

I always wondered at the vast spread and depth of innate intelligence and wisdom prevalent in the country but clouded by very myopic visions of so called political leaders who collect a few aggressive self-serving followers and then aggressively exploit the society for their own benefit. The good natured remain mute and allow the nonsensical behaviour, there by abetting the crime. How come persons who denigrate the Constitution of the country, are protected by those sworn to protect the Constitution? There cannot be any political cause greater than the Constitution, I believe! Public good cannot mean out right justification of parochial attitudes. We today witness a strange case where there are no more Indian leaders-- but have regional chieftains. Who is responsible for this? It took years of effort and hard struggle for Tilak, Ranade, Mahatma Gandhi, Nehru, Jayaprakash Narayan, Phule, Ambedkar, Satyam,Rajaji, Netaji .. to name just a few , but many more ordinary people from all walk…

Maket behaviour- electronically enforced processess for reducing human discretion of regulators

Most of our scientific knowledge fail to explain the why part-but only try to describe and fail rigorous test of cause and effect relation ships. Surprisingly logic has the fallacy described as post hoc ergo propter hoc which roughly means after this, therefore because of this...But all our knowledge if you introspect deeply, falls under this category. Trends can be foreseen but not spikes and timing. But what can be monitored is the ethical governance which is within human control, and which when we over look on a massive scale, can result in the current stock market melt down. Instead of describing the symptoms accurately with mathematical models, if we look for underlying driving forces and how the initial innocent belief that market forces will work in unbiased manner FAIRLY, is not proven sound and we do need HONEST regulation, not human based but may be digitally enforced ruthlessly, all will be better off. Interestingly if you mandate a group of us to lay down a process, we al…

Melt Down of world markets

Well hope the world will recover-- drops of 50% value in stocks in all countries, and GM in USA talking of bankruptcy as a natter option, though saying it is not an option-- some how --does not bode well. Who stole the money? or the accounting policy of mark to market for assets acted in reverse, suddenly making the debt uncovered by assets, causing a collapse for the company.There seems to be a collapse in trust quotient in the market- the instruments they used to believe each other seem to have failed badly. Now an open field is left and even when liquidity is there, no one is willing to stick out neck to offer credit! What a sudden credit crunch spreading like wild fire across the globe. Like when debit entry is there there must be an equal balancing credit entry- who got all the money seen to be lost in the market to the tune of $ 3 trillion in the world! Or it was only a paper trick and no real wealth was created, but only a perception that we are getting wealthier by globally sp…