Sudip Bandyopadhyay’s Blog

Charles Mackay’s Extraordinary Popular Delusions and the Madness of Crowds, published in 1841, with its vivid description of celebrated financial bubbles is a very powerful book written about market psychology.  The infamous Dutch tulip mania, the South Sea Company bubble and the Mississippi Company bubble mirror the economic hysteria and fluctuations in the global financial [...]

Dominique Strauss-Kahn, managing director of the International Monetary Fund, observed that in spite of recent spats the leading economies had, by and large the G20 summit, met the Fund’s call for a fiscal boost of 2 per cent of global output. Alongside it, the world has seen an unprecedented monetary stimulus, with interest rates as [...]

Mark Twain is supposed to have said, history may not always repeat itself, but it sure rhymes.Many compare this financial crisis to the stock market crash of 1929, but it is closer to the credit freeze and bank panic of 1907. We might have avoided the worst of the current troubles if we had not [...]