NEW DELHI: Indian economy is less vulnerable to external shocks as it is mainly driven by household consumption and government spending, and not dependent on hot money which can move out quickly, Standard & Poor’s Rating Services said on Tuesday. The US-based rating agency expects the current account deficit (CAD), which is the difference between Read More →

Just within the past few days, three major high yield funds have completely imploded, and panic is spreading rapidly.  Funds run by Third Avenue Management and Stone Lion Capital Partners have suspended payments to investors, and a fund run by Lucidus Capital Partners has liquidated its entire portfolio.  We are witnessing a race for the Read More →