Down and out.....

Down and out is not referring the rigged up Indian Markets even though Mangoman love to see crash in the Indian markets.

The vegetable prices gone through roof. The budget of ordinary family is affected  http://www.business-standard.com/article/markets/vegetables-fruit-burn-a-hole-in-the-pocket-as-prices-go-through-the-roof-113070600586_1.html  . Still government is supporting Real Estate brokers community by not increasing the rates. Sadly they are looking ways to cut rates further. RBI is also singing the tune of government which is very bad for the country.

I remember RBI Guv. Subbarao said he will have to raise rates if Rupee falls further. That was when Rupee was trading at 55-56. After that Rupee has depreciated more than 10%. I am wondering what constitutes a fall in Subbarao's dictionary?  He is one of the biggest disappointment. He should raise to the occasion.

Either way when Monday market opens RBI has a fight in the hand. I love to see Rupee touching new lows that day.  RBI dollars reserves are going down fast as per the latest reports.As I have been maintaining RBI can save face if they do what they have to do on their own instead of being forced by the basic laws of economics.

Monday morning without no doubt chamcha singh ( Montek) will talk about bottoming out. What a cruel guy he is?Most of the vegetables are costing more than 100 Rs per Kg. But when I looked at the inflation barometer our RBI and government follows it says less than 4%. What a cheating?

But with all this, mangoman has to support the Food Security Bill. Yes. For country of this size, subsidies are important and I donot believe in the paid economists ( swaminathan aiyar and other BJP supporting analysts) view about FSB. We have larger issues to address than the subsidy which helps vast majority of the people. Share market is not the only place where people invest. Less than 1 or 2 percent invested in Share markets. If India pricks the Real Estate bubble it will help many crores of people to come out of the clutches of Inflation. But BJP is careful about not talking about that. Why there was no agitation planned by BJP about Real Estate Lobby? why no agitation about inflation? So opposing FSB is not something Mangoman will support.But Mangoman also wants congress to lose badly in the coming election.

Last chance to Real Estate speculators to escape

Many guys do not understand the RE cycle and making fun on the people who are bearish on RE sector. The cycle normally lasts for years. As I said elsewhere in the forum, the boom period ends 2 years back and now is ready to fall. 2013-2014 is the year we are going to see huge downside.

Share markets are under tremendous pressure and falling 100 points easily with only 300 crores selling by FII's. That shows the depth and mood of the markets. Imagine if all the ETFs want to go simultaneously. Even a 5000 crore selling casue nifty to nosedive to 4000 levels.

Whatever RE rates are quoted by people now are imaginary rates. Whoeevery buys RE for the past few years are not sitting in profit as per my analysis  ( They buy at 40 Lakh and then think the price is 70 lakh or 80 lakh), we need transactions at the new price to accept.

China is very busy pricking the bubble and their inflation is at moderate level. Still they think their inflation is high. We are busy cutting rates and nobody talks about the need to prick the bubble. Actually this Indian mentality gives me more confidence that the coming bubble burst will be huge.

Corrupt government, corporate mafia, cheater builders and media brokers are in the same page regarding the bubble and recently they have successfully postponed the much awaited (even watered down) RE bill supposed to be passed in parliament.

All 2-tier and 3-tier cities real estate transactions have come to stand still. Now actually I see bulls are desperate unlike we were desperate few months back.

Basically I see RE bulls have exhausted all their options and now with the corrupt government has ran out of options and also counting the days. I don't think RE can be saved.

People who bought house should do fine. But whoever invested hoping for a killing would do good if they escape with whatever profits or minimal loss.