JP Morgan reported US$2billion trading loss when its trader Bruno Iksil’s (nicknamed London Whale for his big ticket trades) shorting of credit derivatives (synthetic credit default swaps) reversed as the Euro zone problems resurfaced last month. Looking at it from the other side, JP Morgan’s loss made some other aggressive risk taking traders (read ‘Whales’)
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Some time back there was this interesting quote in the newspapers: “Onion Rs 65/kg, Petrol Rs 65/litre, Beer Rs 65!”, where in for the first time need, comfort and luxury demanded the same market price. That is assuming onions are still a basic need! Inflation has been steadily increasing A recent Investment Confidence Index survey report, released by JP Morgan and ValueNotes, brings out an interesting finding. According to the survey, Indian investors are wary of the climate change and perceive it as a negative indicator for the Indian economy. The findings reveal that nearly 15% retail investors[1] consider climate change as When we talk of all things sustainable, should Corporate Growth figure in it as well? The question is a good one and I believe the new developments in the US are leading to healthy debate on this issue. |
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