Mangoman is happy to share that the car sales continue to tumble.
Even with rate cut gimmicks, we cannot bring this back. The reason is different. We are experiencing jobless growth. our growth is entirely modelled on real estate and share market.
NO OTHER COUNTRY IN THE WORLD THRIVES ON THIS MODEL. CONGRATULATIONS TO CHIDAMBARAM AND CONGRESS.
May be chinese understood that the government is lacking backbone and government's agenda now is only to save real estate, they try to occupy some place near the border. That is a calculated move. Surely I guess china will gain few 1000 thousand KM's this time. So what, any way the areas which chinese occupy does not have any real estate value...right? dont worry be happy
mangoman, keep the incisive analysis coming. What do you make of Subbarao's recent comment that there is no housing bubble in India? Link here:
ReplyDeletehttp://economictimes.indiatimes.com/news/economy/indicators/no-housing-price-bubble-building-up-in-india-rbi/articleshow/19911667.cms
Well Subba needs to justify the cut so he is saying there is no bubble which we all know is not the truth.Then who said Subbarao is a saint?This is the line All reserve banks around the world kept saying even at the top the bubble and look what happened in thoose countries.Anyway I do not think the cut will have any effect on prices as they are already at astronimical levels.With employment situation looking dicey in IT and other growth areas such as construction,there is not enough confidence left with the average punter
ReplyDeleteRegards/Kumar
Guys,
ReplyDeleteSubbu is going to retire soon.
I am going to write a detailed analysis about Mr.Subbarao Tomorrow.
Look forward to reading your piece on Subba
ReplyDeleteKumar