There is good news and bad news. For the first quarter of 2014-15, Indian Current Account Deficit (CAD) narrowed sharply to $7.8 billion from $21.8 billion in the year ago period. The lower CAD was primarily on account of contraction in trade deficit by both rise in exports and a decline in imports. On a…
read moreEver since the 2008 sub-prime crisis, the job market in the world has been in a state of heart-breaking weakness. However, the recent data suggests that there has been a significant improvement in the job creation for the last few years. Janet Yellen, Chair of the Federal Reserve Board recently noted that the number of…
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Getting into the Ivy League is one expensive proposition. With the sky-rocketing fees, scholarships are the only ways to open up the dreams of getting that prestigious brand to be associated with your name. If you are a bright lad (or lass) and if your pops earns enough not only for the Ivy fee, but…
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A little over 10 years and we have arrived. In the span of a decade, Great Lakes Institute of Management, Chennai has made it mark in the B school arena and is in the process of converting into a blue blood institution. Starting off with a leased acre plot in Saidapet in Chennai, Great Lakes…
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When a vision is set, it takes not only man-hours, but also immense dedication and passion to help the vision turn into reality. An example worth its weight in gold is the case of the Great Lakes Institute of Management. From its humble beginnings in 2004 inside a rented plot at Saidapet to, becoming one…
read moreThe US economy has solidly rebounded in Q2 FY 2014 with an economic growth rate of 4.2%. This was a big improvement after the Q1 negative growth. Even though, the low base effect is present, it is a welcome change. The major part of the economic growth could be attributed to the availability of enormous…
read moreWhenever the growth of a country shows a sign of impending slow down, the Federal Reserve of the country invariably pumps in adequate amounts of money to prevent it. The Federal Reserve is always concerned about the inadequacies of liquidity in the economy and, indeed, if inadequate, whether this would lead to a deflation. As…
read moreThe shooting down of Malaysia airlines MH17 is a catastrophe of different category. It was a heinous act of crime perpetrated by the so called Russian rebels, of course, fully supported by President Putin of Russia. The horrific crime has a possibility of changing an important regional conflict into a first-order global shock. The foreign…
read moreDuring the dot-com bubble crisis of the early 2000, the then Federal Reserve Chairman, Alan Greenspan, lowered the Federal funds rate significantly to save the stock market from crashing. Sometimes, instead of taking action, a central banker could use what is known as “bully pulpit” to achieve the same objective. What does it mean? They…
read moreThe US Federal Reserve announced a few days back that the second quarter GDP growth hit 4.2%. This must be a fabulous news, especially for the last 5 years, since the sub-prime crisis, the growth had remained stagnant at approximately 2%. Michael Harnett, a chief investment strategist at the Bank of America Merrill Lynch said…
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