Day: October 28, 2014

Quotes

What is the magazine business?

Post author By Raoji
Post date October 28, 2014
No Comments on What is the magazine business?

What is the magazine, business? It is a business where our main, activity is
chopping down millions and millions of trees, flattening the pulp and printing
hieroglyphics and images on both sides of it. Then we send the end product
out in diesel-guzzling trucks to shops where perhaps 60 per cent of them
sell to customers. We then pile the remaining, unsold magazines into more
diesel-guzzling trucks and take them to a plant where they are either
consumed as fuel, buried or shredded, or used to make cardboard boxes for
refrigerators. That’s the magazine business.-Felix Dennis

Tags FelixDennis

Tweets

The relationship between the stock market and the economy

Post author By Raoji
Post date October 28, 2014
No Comments on The relationship between the stock market and the economy

The relation between stock market and economy is like a man walking his dog. The man walks slowly, the dog runs back and forth. A. Kostolany

— jay (@niftywizard) October 28, 2014

Excerpts

BSE to enter commodity trading

Post author By Raoji
Post date October 28, 2014
No Comments on BSE to enter commodity trading

(Disclosure:I am market making in the shares of BSE)

Asia’s oldest stock exchange BSE will soon make a foray into commodity trading. A proposal to start a new platform for commodities trading was approved by the BSE board on October 20, said two sources familiar with the development.

BSE’s rival in equity trading, the National Stock Exchange (NSE), already has a presence in the commodity segment through a stake in National Commodity & Derivatives Exchange. Bourses such as BSE entering commodity trading are eyeing the passage of Forwards Contract Regulations Act (FCRA) that could boost trading volumes as it allows launch of further derivative products in the segment.

Earlier this year, the Kotak Group bought a 15% stake in the Multi Commodity Exchange (MCX). While the FCRA Bill was tabled in Parliament last year, the previous government did not pass it in the wake of a major scam at spot exchange NSEL. Despite the severe crisis post the NSEL scam, MCX still dominates commodity trading in India with close to 80 % market share-from ET