Cash and no carry

The first question that struck me on hearing of the banking strike was: Why only two days? I mean, does it not make sense for the bankers (their frequent strikes make sense to no one else) to extend their strike-holiday by a couple of days more so that they can enjoy an extended weekend? In fact, that’s their tradition, vouched by the strike-festival calendar of many years! Also, if their cause justifies two days it can as well vindicate a longer span too. Continue Reading