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October 22, 2008

Some Humorous New Age Financial Acronyms

Thanks VGP for these witty New Age Financial Acronyms…many have forgotten what they actually stand for anyway !

BSE = BOMBAY SE EXIT
 
NSE  = NATION SE EXIT
 
F/O = FUTURE OVER
 
NIFTY  = NO INCOME FOR THIS YEAR
 
FII  = FRAUDULENT INTERNATIONAL INVESTOR
 
PE  = PLUNGE ENDLESS
 
EBITDA  = EXIT BEFORE IT TUMBLES DOWN AGAIN

HNI  = HAS NO IDEA
 
PMS  = PRE-MEDITATED SCAM
 
SIP  = SUICIDE by INVESTING PATIENTLY
 
CORRECTION  = THE NEXT DAY AFTER YOU BOUGHT SHARES
 
MOMENTUM BUYING  = THE FINE ART OF BUYING HIGH AND SELLING LOW
 
VALUE BUYING  = THE FINE ART OF BUYING LOW AND SELLING EVEN LOWER

Pakistan on the verge of defaulting on Servicing it’s Foreign Debt

Pakistan needs an urgent inflow of US $ 4.5 billion to stave off defaulting on it’s foreign debt committments… It’s current reserves of US 6 billion are enough to just service imports for the next month and a half

It’s really quite amusing to note the Full Name of one of Pakistan’s Stock Exchanges… Islamabad Stock Exchange (Guarantee) Ltd… What Guarantee ?

The stock markets have collapsed in Pakistan and on more than one instance the Police and Paramilitary Forces have had to form a ring around the Karachi Stock Exchange to protect the Property as Investors lost heavily and resorted to stoning the Exchange and raising anti government slogans… Check out my July 19, 2008 Blog on this… For quick access to this July 19 blog you can use the Calender on the right or type Karachi Stock Exchange in the Search Feature of this Blog   

China,Saudi Arabia and USA , It’s financial supporters in the past,have all refused to lend to Pakistan

Pakistan’s only remaining hope is the International Monetary Fund (IMF)… frantic parlays are going on

If you recall in 1991, India too was down to just US $ 1.7 billion Fx Reserves that could pay for just a precarious seventeen days of imports at the time. Our PM, Dr Manmohan Singh, was our FM at the time and initiated reforms that began opening out India…. Even Inward Remittances Schemes were launched, with no questions asked to both Donors and Donees to attract black monies into the official system…..  our reserves today are a healthy US $ 275 billion… Then again our PM in the early nineties, late Mr Chandrasekhar, had pledged our Gold to borrow so we do not default on International Sovereign debt committments 

Tough Times call for Tough Measures… Perhaps it’s a great idea to extend our hand of friendship yet again to Pakistan and lend them our PM, Dr Manmohan Singh to advise them on how to move forward on this ! 

What a thought !

Congratulations India and ISRO for launching Chandrayaan-1….India’s first unmanned space ship to the Moon

“Our Baby is on it’s Way to the Moon “ declares an excited and jubiliant ISRO scientist

Congratulations to all of India and especially the Scientist Teams of ISRO for the successful launch of Chandrayaan-1, India’s first unmanned space ship to the Moon

Despite a very late night, having first attended a BSE Dinner in honour of the 41 International Participants from 20 Countries in Mumbai for a weeklong training programme  and then catching up with relatives at a pre-diwali get-together and finally rushing off for Siddhi Vinayak Darshan, it being a Tuesday, was excited enough to get up early at 5.30 am this morning….. send sms to friends and family to watch live at 6.20 am the launch of India’s Rocket PSLV bearing our first unmanned space ship to the Moon, Chandrayaan-1

What a sight !.. on cue at 6.20 am was the lift off from the Satish Dhawan Space Centre in Sriharikota and most news channels were showing it live with minute technical details too being provided

It has cost US $ 86 Million, less than 10% of ISRO’s Annual Budget

In Five and a half days, Chadrayaan-1 will enter the Lunar Orbit,387500 kms above Earth and then ten days later will fire an impact probe to the lunar surface… An Indian Tricolour will be hoisted on the Moon…. India will be only the fourth nation to do so.

It’s a two year mission for the Chandrayaan-1… It’s camera will take photos and 3-D map the moon from just a  Five meter distance… Among other experiments, there will be a search for any evidence of Water and Helium 3. The Spaceship is carrying eleven payloads from India, Europe, USA and Bulgaria 

ISRO’s Chairman, Mr Madhavan Nair, now plans a manned mission to the moon by 2015… ten years ahead of an earlier target of 2025

We are all proud of your team and you, Mr Nair…. Way to Go !… You’re the best ! 

 

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