Now since the WPI shoots up and currency is on the verge of collapse the 'ready to sell wife for a rate cut' lobby is conspicuous by their absence. These idiots are responsible for the collapse of economy by forcing the RBI to cut rates or preventing the RBI from raising rates. Now seeing the economy collapsing these idiots are absconding. This is the sorry state of affairs in mango republic.
On one hand RBi still is giving money to banks at 7% (repo) and paying banks at 12% ( latest cash management auction). It looks outright idiotic. The system is screaming to raise interest rates. To satisfy some selfish crooks RBI is not raising the rates.
Government and RBI joined hands to destroy the country. The main opposition party inspite of knowing all this mismanagement keeping mum because they know the impending collapse will help their cause.
Today WPI increases by 1% points than last month and Rupee closes at lowest point. Government and RBI has come up with some panic measures which will be brused aside by markets on Friday. Mangoman again reiterating his view.
RAISE INTEREST RATES BY 2 PERCENTAGE. SCREW ALL THE REAL ESTATE BROKERS. THE COUNTRY WILL BE OKAY. DO YOU HAVE IT IN YOU RBI?
On one hand RBi still is giving money to banks at 7% (repo) and paying banks at 12% ( latest cash management auction). It looks outright idiotic. The system is screaming to raise interest rates. To satisfy some selfish crooks RBI is not raising the rates.
Government and RBI joined hands to destroy the country. The main opposition party inspite of knowing all this mismanagement keeping mum because they know the impending collapse will help their cause.
Today WPI increases by 1% points than last month and Rupee closes at lowest point. Government and RBI has come up with some panic measures which will be brused aside by markets on Friday. Mangoman again reiterating his view.
RAISE INTEREST RATES BY 2 PERCENTAGE. SCREW ALL THE REAL ESTATE BROKERS. THE COUNTRY WILL BE OKAY. DO YOU HAVE IT IN YOU RBI?
Interesting - the shrill demands for interest rate cut have been silent this time, but I don't think RBI has the courage to raise by 2%.. Will never happen till it is too late.
ReplyDeleteI am really loving this flow of bad news.It appears the NRI remittance has also hit a low this is a good sign that NRI have lost confidence in the Indian growth storey.The real estate lobby is already in the coffin and all these events are the nails to seal their fate permanently.I hope the oil prices stay high that inflation can hit double digits by end of the year just in time for the election.I am seeing the next 12-18 months as a major turning point in indias future.I am keeping my fingers crossed the collapse happens quickly so that the economy gets the much needed resetting bringing down the cost of running a business in this country.
ReplyDeleteKeep up the good work Mango may our legion increase!
Regards
Suresh
You have summed up perfectly surest..this economy needs to reset
ReplyDelete