Mutually Assured Financial Destruction

By Navin Doshi, May 19th, 2010 Mutually assured destruction (MAD) is a doctrine of military strategy and national security policy in which a full-scale use of nuclear weapons by two opposing sides would effectively result in the destruction of both the attacker and the defender. The doctrine assumes that each side has enough nuclear weaponry […]

The Butterfly Effect – Seeds of the Meltdown

The Butterfly Effect – Seeds of the 2008-2009 Meltdown By Navin Doshi, April 19th, 2010 In the last two decades, we have experienced the bursting of two bubbles- the first in technology in 2000 and the second in housing in 2008. When exactly were the seeds planted for the current American suffering with close to […]

Saving Wall Street, From Wall Street, For Wall Street, By Wallstreet – A Financial History? by Navin Doshi (September, 2008)

After Bear Stearns was saved from bankruptcy, Martin Wolf, of the Financial Times, London, wrote, “ This is the day the dream of global free market capitalism died.” The Federal Reserve can now influence to help or save any financial institution in one way or another. The Federal Reserve has become, probably, the most powerful […]