“Many novice pedestrian traders focus on the next position. Consistently success traders focus on the process and care little about the outcome of the next trade. The distinction is enormous.”
–blogged Peter Brandt
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Category: Quotes
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What was that again?
Over the last two years, India has been inflating at roughly 10% per annum. The dollar has been inflating at roughly 2% per annum. So, it is only natural that the exchange rate will depreciate; the nominal exchange rate which is correcting from the fact that the rupee has been losing value faster than the dollar. By my own calculation compared to two years ago to now, say two years ago Rs 44-45 now I would have expected it to be between Rs 51-54, roughly in that range-Kaushik Basu, Chief Economic Advisor to GoI said in an interview
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What was that again?
“Everybody was telling me that if you don’t increase the fares you are going to turn the railway coaches into coffins,” Dinesh Trivedi, former railways minister, told India Ink in March 2012
A prescient statement considering yesterday’s railway accident which killed 29 people
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What was that again?
“I expect commodity prices to cool further and that investors had lost confidence in the global economy.We should pause, take a deep breath and wait and see where the pieces fall around the world”– said BHP Chairman Jacques Nasser
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What was that again?
“Unfortunately, the world has seemed so reliant on China as a growth engine, I think this will accentuate the disappointment even more when it hard lands.
Once the bubble bursts, Canada might be a lightly done muffin, but Australia will be absolutely toast.”-economist Albert Edwards of Societe Generale said in an interview