Interesting Readings 26 March 2018

International

Bernanke, Geithner & Paulson on the 2008 financial crisis

The problem of the crisis is the story of blind men and the elephant.

A Not So Pretty Picture

Micheal Batnik links to GMO 7 year forecast and it does not make a pretty picture.

Top export from every country

Look at this -from visual capitalist courtsey Barry Ritholtz.

World Water shortage map

Another thanks to Barry Ritholtz.

Another interesting quote about differential treatment of Martin Shkreli and Elizabeth Holmes

Thanks to Gulzar Natranjan. The quote goes thus:

John C. Coffee Jr., a professor at Columbia Law School who teaches classes on white-collar crime, said, “Typically you get more sympathy from the criminal justice system if you’re an attractive young woman than a brash, arrogant young male”... In comparison to Mr. Shkreli’s fraud, the Holmes allegations “are really a different order of magnitude,” Ms. Apps said.

Some reads from V Ananthanageswaran on China

Specially the Kevin Rudd speech

India Bank Fraud

Three articles from Anjan Basu on the fraud. Thanks to Gulzar Natrajan again.

Are India’s Public Sector Banks at Their Nadir?

Three Reforms That Also Set India's Public Banks on a Bad Loans Path

As the Industry Changed, India’s Public Banks Lost the Most and Won the Least

Any deterioration in a sector is result of many small mis-steps. These three articles give the details of how small interventions possibly led to present predicament.

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