Recently I called a store to find out if it had a specific item in
stock. “Oh yes,” the sales clerk replied, “We have it, but we
can’t quote the price over the phone — you’ll have to come into
the store to find out the price.”
So I went to the store. Not only didn’t the store have what I was
looking for, but the sales clerk tried to sell me a completely different
product than the one I came in for. There is nothing worse than
knowing that your time is being wasted.
The initial euphoria created by liberalisation and scam-induced spurt in share
prices helped mobilisation of large amount of resources from the market. Far from
raising resources directly from the investors, companies, for the past few years have
been, however, resorting to private placements and borrowings (Table-I).
Households on their part have been denouncing corporate securities (Table-II). The
primary market is practically dry (Table-III). There was, however, a brief upswing in
2000 when the so-called new economy stocks flooded the market with many issues of
The authorities have made continuous efforts to build benchmarks at different points along
the yield curve. The aim of this strategy is to further develop the interest rate term structure
in the local currency, which would allow better pricing and liquidity of bonds issued both by
the government itself and by the private sector. To this end, the authorities have increased the
average maturity of the outstanding debt and smoothed its maturity profile.
Online auctions are the new kids on the block for
selling cars. Although there are several sites that handle
online car auctions, eBay Motors at www.motors.ebay.
com is the most widely used and recognized. An online
auction allows you to reach a wide audience of potential
buyers, is less costly than sending a car to a live auction,
and combines many of the best features of a private
sale with sending a car to auction. For tips on selling
your car online and using the online auction process,
call the Ask Hagerty Concierge Service at 888-310-
8020, menu option 3 to request...