Friday, November 22, 2013

Is it so near??

No change again in freshers' salary: TCS | Business Standard

when mangoman says inflation laugh...but when corporates fraud new joinees we keep mum...

Moily's diesel maths doesn't add up | Business Standard

This guy is telling he is gonna to deregulate diesel price in 6 months knowing fully aware in 6 months he will be jobless...he wants to sell IOC to unassuming he openly lying..still no body questioning his intent...good country

Red flag over realty exposure of banks | Business Standard

When mangoman says the country's banking network is fullly gone due to real estate, you laugh and brand mangomen as party what?

stilll may to come out...

Interestingly Maharastra government says they are not going to honour RTI applications about housing societies. Is there law exists in this banana republic?

Friday, November 15, 2013

Is Raghuram Rajan beginning to disappoint?

This weeks market manipulation by Raghuram Rajan in support with government is well documented and I do not want to add anything more to it. The blatant way in which  government threaten the market is scary. Even Raghuram Rajan is taking comfort at the minuscule improvement in the core inflation which nobody is able to see :)

The question is that whether RGR started to panic and falling in line with the fraudsters who run the country? If so, then it is very scary situation.

The IIP is in -ve for many months now and is being shown positive with lot of data manipulation.

The inflation is in double digits for many months now and even that is manipulated to  maximum possible extent even then these data are ugly looking.

These guys are now looking for divine intervention and thus making our life dangerous. I am beginning to lose confidence on Raghuram Rajan also.

When you can cut MSF rate any time, why not you increase Repo Rate anytime to tame inflation?

The matter of fact is RGR is not a inflation hawk, he is merely another pawn or puppet for the government.

Monday, November 11, 2013

Can Raghuram Rajan make history?

Can Raghuram Rajan make history?

This is the question on everyone's mind now. The basic economics is playing out and that is showing in the banks balance sheets now. Banks like United Bank of India and Central Bank of India have shown huge loss in their profit and loss account. Many other banks shown a good decline in their net profit. Few other banks managed to show higher profits only due to the restructuring of their prime borrowers. So the ugly window dressing which was happening in the Indian Banking Industry is coming down and the coming quarters will show more losses.

Now since RBI is indifferent to the bankers cry for cheap liquidity, some banks have raised the deposit interest rates. Still this trend is not reflected in the advances interest rates. I guess it is only matter of time as the Indian Benchmark 10 year bond yield crossed 9% today.

Now what we request and beg Dr.Raghuram Rajan is sit tight and not to give long rope to this lazy bankers of India. Let the bank which has good risk control mechanism come out of the slump faster. In the process the economy will be corrected automatically. The early signs of  real estate bubble is showing. Again RBI has to keep quiet and sit tight and allow the bubble to burst. If RBI again supports broker/corporate mafia then the much expected economic recovery will never come.

Now RGR can make history just by sitting tight? will he?

Wednesday, November 6, 2013

Chidambaram wants you to spend

Fully knowing that the economy is thoroughly screwed our FM wants us to spend while he tightens the purse. What a farce?Lawless country. Who will save common man?  I will not be surprised if our FM tell us to buy apartments to save the brokers and the corporate mafia tomorrow. He simply ask us to borrow and spend for broker's sake.

Rates are hardening not because of government is willing, but the economical situation forcing them to do that. Now Rupee started downtrend and also the festival sales bombed we are ready to face the next set of bad news. Last heard SBI and HDFC base rate touched 10%. Things are in right direction.

Tuesday, November 5, 2013

New highs for Equity Indices :)

The Indian share markets are hitting new highs. Investors are laughing all the way to bank. The advance decline ratio of the shares are heavily in the favor of advances. Except the first sentence all the other sentences are dark comedy. We are witnessing a strange rally wherein nobody is making money.

Even the FII's who are controlling the markets also not making any money in this rally although I feel they are trying their level best to control their losses. As I said, the below article says about the FII's plight in Indian Stock market.

Now we are seeing some articles in main stream media about the disconnect between the food production and food prices. If this is indeed true ( which is very true if you see through common sense), then this is shame on  economist PM, Harvard educated FM etc. All these cheats are fooling us just to make money for themselves. Drinking own citizens blood in order to stay in power is unbearable.

Whoever talks about supply side issues are cheaters and the inflation in India is purely because of excessive money printing and there are plenty of evidences for this farce. RBI has become a laughing stock.  A large portion of people are robbed in the name of inflation and very few of people are benefited.

The end game is near as the inflation is uncontrollable now.  We are in stagflation.  

The much hyped October festival sales bombed everywhere. Car sales figures slapped at the face of corporates and rulers.

Out of targeted 2000 crores of consumer loans in a large PSB, so far only 6 crore has been disbursed. I have never seen people buy fridge and washing machine by borrowing from PSB. Desperate attempt of cheaters are bombing at their face.

HSBC services PMI is -ve.

IIP data is -ve.

What else?  Still these guys are not serious and shamelessly celebrating the cooked up CAD figures. Our Government is not bothered about rewarding the savers and they are not bothered about the smuggled gold into the country as they donot want the gold import figures officially affecting their CAD. I see no evidence that people stopped buying jewels suddenly to save the ass of the corrupt government.

Only hope is RBI and Rajan. But will be act before we reach the point of no return?