Mangoman is back

Hi Guys,

Sorry I was away for quite a few months.

Now since NaMo victory is a foregone conclusion let us write a detailed article about 'mango' predictions next week.

Until then Mango will be trying some option strategies to take advantage in Indian Stock markets.

Stupid or cheat?

Now we are all set of mid quarter monetary policy from RBI.

Already the blood sucking corporate mafia and financial markets gave their views and their reasoning through their broker analysts to RBI. Their point is that the vegetable prices are going to come down from next month, so inflation will cool down from next month. So RBI need not hike rates. In case if their conscience troubling them, they are allowed to raise the rates by 25 basis points. Now since there is no one to represent common man to RBI, they ( RBI) will do exactly the same. We will analyse this deeply.

1. Food inflation is only 14% of overall WPI.  If the 20% raise in food inflation in the month within 14% weightage comes down even to 10% next month how that is going to result to huge downtick of inflation? What about other components?

2. The baby steps of Subbarao amid Chidambaram's blackmailing is well documented. Still why we are raising rates at quarter point every time? even countries like Indonesia and Turkey have more spine than our central bank when comes to rate hikes. We need 1% hike at one go and that is to be kept for 6 months to solve this problem once for all.

3.  To control inflation, the rates should be more than inflation by atleast 2% points. 25 basis points is nothing and the system will easily swallow it and it also confirms the fact that Govt and RBI are not willing to control inflation and this adds to inflationary expectations.

4. People have spoken through assembly elections and if still congress does not get the message then one thing is clear. Government and rBI wants to help brokers at the expense of common man.

5. I have written amply about the 'food inflation' and 'supply side' bull shit theories. these theories are written by idiot economists to hoodwink the public and it is sad that many people fall prey to this. When inflation ruled at below 4 or 5, were we not have 'supply side' issues?

6. People who ignore this points in my opinion may either by stupids and I dont think they can be so stupid and if not, they must be cheats. one of these two. YOU CHOOSE.

7. In the last 5 years, our interest rate never even close to touching the inflation figure and forget about the inflation +2 and also we do not follow CPI like other countries do.

8. Now Raghuram Rajan's credibility under stake. He has to take one path. Is he falling under the category of  stupid/cheat or he really a economist/patriot?

9. The single minded fanatic focus on 9% GDP landed the country in great mess. 9% GDP - minus 12% inflation and we are already going down. What the F***?

10. And even a child won't believe govt figures. Then I think the inflation must be above 20% and it is ironic some people celebrating 9-11% salary hikes when inflation well over 20%.....? what a joke?

Good Reads

http://www.firstpost.com/economy/raghuram-is-enabling-govt-to-run-biggest-ponzi-scheme-1289615.html

http://www.business-standard.com/article/finance/year-2013-unexpected-reversal-of-interest-rate-cycle-113121600661_1.html

http://www.livemint.com/Opinion/57M0ooklRGW7Z0HAUHXlkK/Indias-latest-political-problem-inflation.html

Price rise contributed to defeat - Sonia

Strangely Sonia admitted inflation contributed to their defeat. What a joke.

Economic indicator of UPA government is Nifty/Sensex Index. If that is hitting all time highs they why they should bother?

All along they helped real estate mafia and share market sharks. Consequently it contributed to inflation.

Now they are victim of their own deeds. Why shedding crocodile tears?

Picture abi baaki hai

Where is the great manipulator Chidambaram?

They should atleast now understand markets are an animal which cannot be satisfied by anything and ruling class aim is to satisfy people and not markets. Will they learn the lessons?

Is it so near??

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

when mangoman says inflation pinches..you 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 public..so 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 pooper...now 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?

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.

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?