Rain Commodities is said to be on the radar of a domestic brokerage firm who seeks to ‘invest smartly’. The firm is said to be aggresively asking investors to buy heavily into the scrip. The firm seems to be creating a buzz that Calcined Petroleum Coke (Rain is the world’s largest producer of CPC) is increasingly becoming a sellers’ market, as no new capacities are coming up. It has recently contracted CPC at over $500 per tonne to aluminium majors in contrast to about $250 last year. As a result, its EBIDTA margins have increased significantly up to $100 per tonne. It has a total capacity of about 2.5 million tonne. [Read more]

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This guest-post is by Jeff Miller. He is an Economist by training, a tech geek by inclination, and an IT Manager and a Real Estate Investor by experience. Jeff also knows a number of people who are smarter and better connected than he is and he hopes to share what he has learnt with you in a series of articles that will complement his somewhat lengthy comment to my post Black Money Saves Our Financial Sector.

As I mentioned in US Housing Market Crisis caused by Mortgage Backed Securities, the recasting of the minimum payment loans caused a lot of what we are seeing. Looking back on those loans will give us a clue as to what is going to happen in the housing market.

The minimum payment loans started being mass marketed in 2004. At that time, many of those loans were set to recast after a set interval. There were two intervals, 3 year and 5 year. The 3 year recasts hit in 2007. The 5 year recasts will hit in 2009. So, we know what will be coming in 2009. I don’t think that 2009 will hit us as bad as 2007. For one thing, the institutions will already be geared up to handle the loans (loss mitigation departments, REO departments, etc.). Also, the public will be use to it and is less likely to panic (unless the new media succeeds in its “the sky is falling” reporting). [Read more]

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It feels great when your blog post is a source of inspiration for others to start a new blog. And that’s precisely what happened with this post Black Money Saves Our Financial Sector. [Read more]

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Photo by Sam UL

I filled up my car’s fuel tank, and I thought fuel has become really expensive after the recent price hike. But then I compared it with other common liquids and did some quick calculations, and I felt a little better.

To know why, see the results below - you’ll be surprised at how outrageous some other prices are!

[Read more]

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Gather Little by Little has hosted the 148th Edition of the Carnival of Personal Finance! and The Orange Paper is listed in the Real Estate section. Be sure to check all the fantastic articles listed in the carnival.

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A friend of mine recently applied for a personal loan from a leading bank and was shocked to know that she would be paying almost 50% of the loan amount as interest, spread over a period of 5 years. The purpose of this personal loan was to settle some outstanding credit card dues. Agreed, the rate of interest on a personal loan (16-22% per annum) is lesser than that of a credit card (35-44% per annum). But is a personal loan the only way out? Nope. [Read more]

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India has experienced a real estate boom in the last few years whereas the US had its share of a real estate boom but as of today their financial sector is in crisis. The share prices of real estate companies in India have fallen. There is a bearish sentiment in the Indian stock market, so does that mean the Indian financial sector too will face a similar crisis? [Read more]

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Just received an email from Peter who informed me that The Orange Paper is listed at the Money Hacks Carnival # 6.

Hmm… feels good

Thanks Peter!

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