Still many could not come to terms with RBI decision.

But see the stock markets.They have took that into their strides and going ahead. That is the spirit baby. cry babies like Anand sharma and other industry honchos should not take these personal.

When a poor middle class guy could not buy house because of government inflated bubble, he has nobody to complain. Now when car companies could not find bakra's why should they wine?

If Real estate brokers(sharks) could not find bakra's why should they complain?

What the hell?

Rate cuts and Subbrao

Kudos to Subbarao

RBI Governor D.Subbarao comes to party. Even though he comes late he came latest. Inspite of all the pressures from Government, Corporate Mafia and media brokers he held his fort like a man possessed. This gives us a comfort that atleast somebody is thinking long term for the betterment of country. As I wrote earlier, he was a worried man after last month mis adventure and he is now trying to make amends.

Inspite of Pranab Mukherjee's pressure, he handsomely declined to cut the rates. In fact the brokers and mafia should thank their stars for Subbarao not to raise the interest rates. Such is the state of economy that cutting rates is idiotic.

SBI and Its Chairman

Like a cheap road side fellow, SBI was trying a cheap trick last week. They claimed to cut rates from 0.5 to 3.5 for some sectors which no one heard of. They also said that they will cut further if RBI cuts CRR. They claim the SBI interest rate cut was not applied to retail. Some sections of SME and Agriculture was the beneficiary. As a ex-banker we know already the agriculture loan normal rate id 7-8 and below. Did they cut to 4% now? Whom they are trying to fool. Subbarao ignored these cheap tactics. Many know that this cheap trick is to induce RBI to cut rates and then swallow the interest into their balance sheets. I wonder why SBI forgot it social objectives and competing with blood suckers like HDFC and ICICI?

Godrej Comedian

This guy who could not come up with any reason for rate cut in CNBC today. But repeatedly telling that we need to cut rates. Now he started saying we need to cut CRR. Until last month he was talking about Repo. Now he was taking about CRR. Somebody might have told him that SBI is begging RBI for CRR cut. So he also started like a tape recorder. We know he forayed into real estate and he wants that bubble to be inflated further until he sells all his assets. Poor guy.

Tale of Core-Inflation

Media brokers and Corporate mafia found and coined a new term called core-inflation. I really dont understand these guys. Are they really idiots or acting like one? we need to know this. When RBI says people are suffering from Inflation, these idiots are telling core-inflation is reducing. Core-inflation means manufactured goods inflation. Am I buying heavy machineries to my home every month? I buy groceries damn it.

What policy paralysis

Until now, our fuel prices are regularised. We were not facing issues. Why now? suddenly all are talking about policy paralysis. If the govt allows FDI in retail and FDI in aviation do you think our economy will improve? No. Mallya's financial condition only will improve.

Attack Real Estate

For real growth to return, we need to prick the real estate bubble.

Subbarao you are the man

Full detail post will come tomorrow

This country is going to collapse

"இந்த நாடும் நாட்டு மக்களும் நாசமாக போகட்டும் "

The above is a famous dialogue from a tamil movie which roughly translates into "This country and its people are going to suffer badly". This aptly fits to India's current state of affairs.

Today IIP data comes are 0.1. I am pretty sure that the govt spin masters did not want to show negative figures for second consecutive month. So they made as if it looks like a positive figure. The drama does not end here. The brokers ( lets cut rates lobby) started their rheoteric and this time they are very arrogant. They said that they are not bothered about inflation. So now the cat is out of the bag. We know all along these b******s are not bothered about aam aadmi and they are concerned about their fat paychecks and corporate profits. Since they are earning in crores in case of slow down or recession they can leave happy life. Only the middle class herd crowd will suffer hugely. Sadly this middle class idiots are not understanding this and playing cheer leaders to corporate mafia.

If we cut interest rate, we are officially gonna to say that our interest rate is fuckingly low than the official inflation. Won't foreigners laugh at us by seeing this.  Remember I am not talking about the CPI which many countries use. We talk about WPI.  CPI is 10 and more. WPI is 7 and more. Now already our interest rates are less than inflation which is a great joke. But we are now going to do that in terms of WPI. RBI is going to be a laughing stock.

Dont forget the currency is damaged and out of shape now. The prudent way is to raise rates. That is what a educated banker is supposed to do.

Also please dont forget that the rate cut will not be passed on the customers. It will be eaten by the banks.

RBI is misssing another golden opportunity to prick the bubble.

But one silver lining is Chakravarty is making right noises. But one summon from north block will make these guys to eat humble pie.

My solution
*******
Increase rates by 2 percent. We will be OK within one year.

What will happen>>>>

Now Subbarao and company is facing the heat from this 'lets cut rates'  lobby. Since the two deputy governor's gave contrasting signals stage is set for a exciting finale. At best my guess would be markets may not go anywhere this week. Action will start  from inflation and IIP and then we go over to Greece and RBI.

This week and next week Monday and Tuesday will be very interestng so to say.

My guesses are:
I think Subbarao would not cut rates.
  Inflation is around 7%.
 IIP is negative to modestly positive.
Greece remains euro zone.

Mafia at it again with begging bowls

Corporate brokers are cleaning their begging bowel and are ready to gate crash into Subbrao's home. Mr.Subbarao is sitting at a place where he can easily gone into one of the great's of India.

Corporate Mafia/brokers who does not think twice even to sell their wife are ready to put pressure of RBI governor inspite of inflation and rupee depreciation etc.

RATE CUT IS FOOLISH NOW AS INFLATION IS HIGH AND EXPECTED TO MOVE HIGHER.
RATE CUT IS FOOLISH BECAUSE RUPEE DEPRECIATED HUGELY AND NOT EXPECTED TO APPRECIATE IN NEAR TERM

Now is the apt time to prick the property price bubble and just make way to move huge money sleeping in RE sharks den to real economy. Now or Never.

Mr.Subbarao ..Are you listening?

we know last month you are armtwisted by these guys. Now you have a reason ( not 'a' reason, world of reasons). Will ya?