Recently a friend of mine commented that the bird flu seems to have disappeared since he hasn’t heard about it in the news lately. I tried to explain to him that it may not be as prominently covered by the media as the financial crisis, but it has definitely not disappeared. The swine flu outbreak [...]
Archives for April, 2009
Satyam Accounting Scandal
If you thought the days of big accounting scandals are over after Enron, WorldCom, Parmalat and Co you were wrong as the recently announced scandal of Satyam showed. Satyam is a leading software company to which many big companies outsource. For years management inflated the company’s earnings and revenues, it started small and grew bigger over the [...]
Categorized in Tech
Stock Market Rally to Last?
The rally continues now for like 5 weeks, question is: is this rally sustainable, or is it a wolf in sheep’s clothing? Wells Fargo and JP Morgan give us the impression the banks have the worst behind them and all the nationalization talk is over. But will stocks continue to rally? I don’t think we [...]
Categorized in Financials
Tags: Stock market rally

