September 14, 2018

“We may not have an economy on Monday.”

Those were the words of Ben S. Bernanke, the Chairman of the Federal Reserve on September 18, 2008, three days after the US government presided over the bankruptcy of Lehman Brothers – a 158 year old financial institution that had grown to become the symbol of American Capitalism. This singular event, along with other associated factors contributed to the 2008 financial crisis that affec...

September 14, 2018

This year, Netflix’s India special series brought three landmark webseries for the world to binge – Sacred Games, Lust Stories and Ghoul. Patrick Graham’s Ghoul has become a sort of an obsession for me purely because it hits home with a political landscape, shades of which we witness in some aspects of Indian politics today. (SPOILER ALERT!) The story revolves around a fascist takeover of the Indian state, which is propelled b...

September 14, 2018


2008 witnessed the US financial system imploding and the world economy plunging into a deep recession.  The blame for this over-heating of the economic system was placed on investor over-confidence egged on by the failure of American government to regulate and supervise trading platforms. However, seven years later, in 2015, China observed that stringent regulation of the financial industry could also lead to equally large m...

September 14, 2018

The 2008 sub-prime mortgage crisis exhibited significant shortcomings in our financial system and showed us the range of uncertainties that the world is exposed to courtesy, globalization. Nearly a decade after the crisis, the world is still struggling with meagre amount of growth, trade wars, constrained government budgets and an emerging market slowdown. Not only has this made our whole financial system fragile, it has also...

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