who am I- part 2

Being an ordinary human all of us desire a lot and dream a lot to attain all the material requisites of well being to use Alfred Marshall words.Excepting the corrupt politicians,  avaracious bankers, corporate frauds, unscrupulous bureaucrats, unethical teachers and business men and many other tribes of this kind who want to be rich by hook or crook, the majority of the people are basically good and honest and want to lead a decent life amidst all chaos and complexity of life.invariably many belonging to this set have problems to confront day in and day out.

The tragedy of life is that there's a hidden or many times open fight or subtle confrontation between these two classes, the most corrupt and least good on the one hand and the rest of population living in truth and honesty, but struggling in their minimum materialistic pursuit, or academic goals or climbing their administrative ladders..in this broad context only the question who am I has a reevance .The life of a nation as also the life of an individual revolves around the opposing forces  operating between the good and the bad..

Having been a student of Economics for more than five  decades  I feel that many a time government and the criminalized segment of population in different walks of life  become problems as the  former develops sectional bias and the latter get soaked  in sensual and materialistic Ife with a royal culture of thousands cars, driven by unbridled greed, vaulting ambition  to capture power, enjoy higher position, not by ethical means .This is the classic case of Gresham's Law, a la the Bad drives Good from circulation.

Politics becomes a business,  a trading activity, a lucrative family concern and  money making madness  becomes a norm there.Business becomes a close ally of power seeking and corrupt politicians and this Nexus, the collusive oligopoly between them is on the rise and that explains the corporate frauds  not paying bank loans , evading taxes  and the government writing off huge amount of loans the wilful defaulters...This crony capitalism has done more havoc ...The ego centric journey of the microscopic minority always uttering I and My as vedic words and also  living in a world of illusions and delusion sans ethics and accountability, is the Bane of the society..

The economic governance of the country thus falls on the shoulder of the ordinary individuals and middle class and they swallow all the regressive and oppressive taxes..

The question who am I, is deliberated in a different sense and one has to ask oneself where he belongs to.If the affluent do not and will not contribute more in the form of taxes and the ordinary poor have  to shell out via the indirect tax of GST and the rise in the collection is seen as a positive sign of economy growing and the federal government plays politics in managing the devolution of that amount between the states and also distribution of the share in the most vindictive way,  it is time we paid more attention to the ethical and moral side of the so called regulators  not selectively with all dirty and filthy politics built into it.

The criminalized segment of the community will never rest content with a mountain of wealth that they have at a point of time  but  always on the  wheels to augment it , protect it by all possible means including the switch over to a political asylum where the law will hardly touch them.

This does not auger well for democracy.Those insane persons shedding crocodile years on the excesses of emergency as the dark spots must do introspection in themselves and grasp into the molecules of their brain to what extent the constitution and democracy have been molested and raped beyond repair and recognition.Let everyone ask who am I?

who am I ? ..part 1

Who am I? I am not sure whether it has been posted earlier.Today I stumbled upon these skeleton notes written when I was in De!hi long ago.Who am I is the significant spiritual question raise Ramana Maharshi and most of us are unable to delink our true intrinsic nature from our body and for many I and My dominate and ego centric journey' and an all encompassing pursuit of criminaised politicians have been causing havoc and his bcom problem rather than being a solution.

Who am I is also the  title of Jackie John movie.I saw the movie long ago and I can't recall anything.with ageing process I can't remember many things and his loss of memory is good and brain is decluttered...but some Economics will remain and given the compulsive environment I will  savour it at the very fundamentals.

I do have a sensitive and honest side and also a sensual and romantic side and also simultaneously yearning towards the meaning and purpose of this insipid life our barren existence.Gazing at the innumerable stars dancing in he sky, and also bountiful nature parading its beauty on earth, including the majestic mountains and pervading forests and the restless oceans and seas I have developed a child's curiosity and  unbridled enthusiasm to watch and hear from them.

R A Mundell a noble Lauret told at his young age : A date other a girl, a swim in the sea , a conversation with a genius and  a look at the sunset are all goods.They all provide satisfaction. Peace and blissful experience.Do we have time to internalize what Mundell ruminated? Do  we have time to enjoy all the simplest pleasures of life independent of digital technology, data mining and machine learning?Will artificial intelligence be a boon or Bane  for a healthy lifestyle and peaceful mind-set?

To be concluded

Towards understanding stock Market

Understanding the movement of prices in financial markets especially stock market and foreign exchange market is really a complex phenomenon.The asset prices are generally dependent on not only the present conditions but also  future developments.This means expected price in future influences today price..

From Burton Malkiel I have learnt that  fundamentally there are two approaches towards valuation in stock market.First one is understanding the true intrinsic value of the stock.ie there is something called anchor which holds the value around a particular level.This comes under the firm foundation theory.

If only one could guess and estimate te true intrinsic value ,any large deviations from it, upward or downward will cause selling and buying and  continued flow of information will push the value  towards its true value.This simply means all the available information today about its stock valuation and the future prospects will together define the value of a stock at a given time.

This is not to suggest that fundamentals dictate the stock market price. John Maynard Keynes the greatest economist of 20 the century , a financial wizard observed that invariably professional traders and investors largely go by intuition. Perception and crowd behaviour..iethey don't bother much about firm foundation theory and stock market resembles like gamblers den.

It is called as castle in the air theory.

We shalll talk more at a future date