Sunday, August 26, 2012

Household Savings in GDP

The Household savings as a percentage is GDP is crashed to 7.8%. This is really a sorry state of affairs. But still the idiots who are running the show is not accepting this mistake and asking for further rate cut. Nobody is depositing money in the bank. Even Indians investment in equities are on the decline.

Many Indians who are investing in Real Estate and Gold. I do not know much about Gold ( even though I am sceptical about gold as an investment), but I am certain that people who invest in Real Estate will face the shock of their life soon. If Japan could not stop their real estate slide. Even mighty US could not stop their RE slide. who are we?

coming back to the point, I know many people who invested their hard earned money in real estatethinking that they can sell the real estate as their retirement fund. very interesting indeed.on one hand Chidambaram asking people to invest in money market instruments. On other hand he is pressuring RBI to cut interest rates. what a farce? We pride ourselves as a country to save and we boast exactly this is the reason that our banking sector is doing good. Now that is gone. What will happen next?


Tuesday, August 14, 2012

India economic outlook

Read the first post story below.

Attempts are being made to make Subbarao as scapegoat. He can easily escape by cutting rates to 0.5 to 1.0 percent. But will the economy recover? unlikely. Because the problem is not due to high interest rates.

The idiots who run the show and the brokers and frauds of so called corporate India is trying to save their
asses by making people fools. In a country where the real inflation runs over 11%, any sane person will ask
for interest rate cut, whererin the real interest rates are already at only  8% which is  already 3% down from real inflation. God saves India.

These idiots think people will come and spend if you cut interest rates. Sorry boss. You are mistaken. That is not going to happen. PROBLEM LIES ELSEWHERE.

Wednesday, August 1, 2012

Thieves are unhappy because police patrol :)

RBI monetary policy: Realty firms unhappy over decision to keep rates changed

What a joke?
enjoy the article

Finally Bangalore RE Bust underway....


Those of you who have waited patiently to see the end of most insane foolishness of the century is going to get rewarded for the wait....

Bangalore RE prices is on decline. This coupled with fall in IT sector will create huge opportunities for real estate bears. SIT TIGHT.


now read the article