Sudip Bandyopadhyay’s Blog

The Paris-based International Energy Agency recently released a report, Another Chinese Riddle: How Reliable Are GDP Figures?  In this  the intergovernmental organization cited research that China’s first-quarter GDP growth, announced as 6.1 per cent was most likely flat to negative.  As a result of such reports, public trust is eroding, and not just in China. [...]

Both too much and too little are expected of China’s response to the economic crisis: too much, because the Asian giant can play only a modest role in rescuing the world economy; too little, because few believe the economy will be radically changed. The stimulus programme is helpful, for China and the world. But the [...]

Financial crisis have, by and large, exhibited a repetitive pattern, demonstrating the inability, or unwillingness, of financial market participants to learn.  Charles Mackay, in his book Extraordinary Popular Delusions and the Madness of the Crowds, says that while episodes of panic and disasters have their own distinctive features, they exhibit a common feature – that [...]

Last week’s  coordinated terrorist attacks on India’s financial capital have resonated far beyond Mumbai.  The assault on two landmark five-star hotels and the targeting of foreigners ,mark  out these latest atrocities from the many other attacks that India has borne with resilience in recent years.  As it is likely that there will hardly be a [...]

It seems only yesterday that scarcity was the story. Energy and commodity prices were heading into the stratosphere. The oil was running out, food shortages loomed, Russia was resurgent and China was marching into Africa amid a scramble for dwindling resources.
Now? Prices everywhere are falling as recession bites. Investment banks have disappeared; and the global [...]