India: Records Reached, Temperatures to Touch 50C

Record temperatures in northern India have claimed hundreds of lives in what is believed to be the hottest summer in the country since records began in the late 1800s.

The death toll is expected to rise with experts forecasting temperatures approaching 50C (122F) in coming weeks. More than 100 people are reported to have died in the state of Gujarat where the mercury topped at 48.5C last week. At least 90 died in Maharashtra, 35 in Rajasthan and 34 in Bihar.

When so many things are traded in MCX-NCDEX then these exchanges should start trading in Temeratures too.

*New Instrument to trade or for Satta !!

*No Delivery -No Demat account needed !!

*First start with Metro’s temperatures and then increase cities.So Traders can trade in Summer ,Monsoon and Winter !!

Jago India Jago ……Jai ho

Updated at 1:08/31st May/Baroda

Marc Faber's Must Watch 2010 Presentation

As someone once said, the only man who can tell a room full of people they are doomed and get a standing ovation, Marc Faber, gives a terrific hour long presentation to the Mises Circle in Manhattan on May 22, discussing the economy, interest rates, markets, why having massive output gaps (see previous post for Bernanke’s most recent dose of lunacy on the matter) and hyperinflation can easily coexist, why the Fed will never again implement tight monetary policy, why Greenspan is a senile self-contradictor, why Paul Krugman is a broken and scratched record, and the fact that pretty much nothing matters and we are all going to hell. Little new here for long-term economic skeptics, but a must watch for all neophytes who are still grasping with some of the more confounding concepts of our dead-end Keynesian catastrophe and not only why the world can not get out of the current calamity absent a global debt repudiation, but why gold is the asset to own, even though one must not be dogmatic and shift from asset class to asset class in times of tremendous currency devaluation (i.e., such as right now). 2010’s must watch Marc Faber presentation.

One thing we disagree with Mr. Faber on, is that Asian banks did not buy CDOs during the housing bubble – this is patently wrong. As a detailed perusal through the Goldman discovery will confirm, Goldman looked increasingly eastward, first to Europe, and then to Korea, Japan and Taiwan, when finding the dumbest money around to invest in monstrosities such as Timberwolf, Abacus and others. If Mr. Faber is investing based on the assumption that Asian banks are free of this relic of the credit boom, we urge him to promptly reevaluate his investment thesis as he will certainly lose money here.

Mark Zuckerberg Interview With Diane Sawyer

Diane Sawyer on ABC on July 21 interviewed Facebook’s CEO and Founder Mark Zuckerberg. She spoke with him about Facebook hitting 500 million members (third largest country in the world), plans to go public, the recent contract dispute with Paul Ceglia claiming he owns 84% of Facebook (which Zuckerberg calls BS), the new movie which he calls “fiction” and reflections on Harvard. He also answers viewer questions. Dude is on top of the world at 26. Below is a 6 minute interview clip and links to more footage from the interview.