Bharat Rakshak

vsudhir

Consumer credit down a massive 33% in Spain Harmful financial innovation (Willem Buiter in FT) Zero Hedge expresses cautious skepticism on the china growth story. Worthwhile read if only for the perspective a some fresh insights brought into why. Interestingly, he does draw parallels between the 90...

vsudhir

China's angry because it selfishl wants to rise alone. It hates India-China comparison. Well sorry CCP lurkers. We're in he game. And will beat you. Nice and easy. Er, well, I wouldn't get all triumphalist just yet. Dilli door ast. Besides, PRC doesn't have as much a problem with being overtaken as...

vsudhir

Ah, welcome back JS garu. Was wondering where you'd dropped off the radar to. Looking fwd to your report on the SA situ. BTW, are the paks there legal or otherwise? As for being a doomsdayer, there are advantages. I'd be hajaar happy to be proved wrong in many of my doomier crystal-ball-gazing. Heck...

vsudhir

Vietnam will have a higher per capita income than India? That would be strange considering India is ahead of Vietnam (slightly) in PCI right now. Must be true Goldman is saying so. Also if UK PCI > US PCI in 2050, it seems to suggest that all the doom and gloomers on the global economic crisis thre...

vsudhir

A Forecast With Hope Built In (NYT) In the weeks just before President Obama took office, his economic advisers made a mistake. They got a little carried away with hope. ... Without the stimulus, they saw the unemployment rate — then 7.2 percent — rising above 8 percent in 2009 and peaking at 9 per...

vsudhir

However, there seems to be a belated effort to get a proper Indian engine - meaning that the IAF also wants Indians to get hold of the involved techs. The $64k question then is, is the IAF willing to support desi R&D in the area by committing to orders and thereby to funding lifelines to these ...

vsudhir

Indian Fault Lines: Perception and Reality : Maloy Krishna Dhar . Wednesday, July 1st, 2009 ^^^ This comment captures one problme with dilli billis.... Meisam Abhimanyu Says: July 1st, 2009 at 4:41 pm I am happy that you have given an unbiased report on Outer India, especially Manipur. We are a Hin...

vsudhir

The slide continues in some formerly snooty emerged markets. Sterling Crisis Looms as U.K. Unraveling Points to Budget Cuts Chancellor of the Exchequer Alistair Darling said on April 22 that this year’s government deficit would hit 12.4 percent of GDP. Alan Clarke, a London-based economist at BNP Pa...

vsudhir

Brishaspati saar, Could you kindly throw some light on why the urdu history of 1857 remains in neglect in Delhi? Since you are a product of indigenous education, perhaps you know of efforts by others like you in researching and detailing the subject, in regional languages maybe? Added later: Where f...

vsudhir

x-post Britain's Queen May Run Out of Money by 2012 Maintaining a monarchy is costly, as Britain found out when a newly published account revealed that Queen Elizabeth II will be out of pocket by 2012 unless the government boosts funds for the Royal household for the first time in 20 years. Life obv...

vsudhir

More kid glove treatment of KM 'protestors'. Take at least as hardline a stand against them as was taken against the Amarnath protestors, no? The latter didn't destroy public property AFAIK. Tension in J&K: Army ambulance set ablaze SRINAGAR: An army ambulance was set ablaze by protesters on Sri...

vsudhir

In March last year, the chinese foreign office summoned Ms Nirupama at 2 am for routine nothings.
Harassment pure and simple.

vsudhir

This is one example of what I was talking abt when i lamented: Wow. this is incredible. Regulatory capture in the USA is complete. ...... And moi naively thought brazen corruption happens only in turd world banana republix. Welcome to the brave new world. Sad to see a great nation like the USA come ...

vsudhir

Wow. this is incredible. Regulatory capture in the USA is complete. The NYSE has announced it is (arbitrarily) backtracking on its requirement to release program trading data (program trades are trades run primarily by the big banks and their quant funds). link The New York Stock Exchange LLC (“NYSE...

vsudhir

In fact, the rank on the league table is not so informative as the actual change in the country’s score. For instance, Pakistan’s rank improved this year (from the 9th most failing state in 2008 to the 10th in 2009). Yet, it’s total failure score increased from 103.8 to 104.1 (See the article on th...

vsudhir

Govt bails out GE General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks. At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government. ...

vsudhir

BIS calls for global financial reforms Financial products should be regulated like medicine in future, the Bank for International Settlements, said on Monday as it advocated sweeping reforms to financial instruments, markets and institutions. The central bankers’ bank had previously given the most ...

vsudhir

Nirupama Rao to be next foreign secretary India's Ambassador to China Nirupama Rao was on Tuesday named as the next foreign secretary to succeed Shivshankar Menon who will be retiring on July 31 after an eventful three-year stint as the top diplomat. Rao, a 1973-batch IFS officer who has served in ...

vsudhir

I don't think so. There are a good number of immigrants coming into US every year, with student population alone being around 30-40k. So, there will always be patrons for these temples, even if the 2nd gen american-indians turn away from it. In Seattle region, there are currently 4 temples and most...

vsudhir

^^ PRC is moving with a plan and a purpose seems like. Its now the khan's move. Lets wait and see (not that we've much of any other choice anyway).

America's most endangered malls

vsudhir

The latest Bill Buiter column is out. The guy is in a sweet spot - an insider-outsider, and a non-yank to boot. Fresh persp, crystal clear thinking, zimble articulation. Recommended reads, his are.

Central banking as partisan politics

vsudhir

x-post Here's a classic updated example of the $hitish feigning studied neuter-ality in south asian affairs using their media muscle. From the ekhanomist rag: Indian-held Kashmir:Grim up north A revolting crime has renewed protests against Indian rule OUTSIDE Shakeel Ahmed Ahangar’s house in Shopian...

vsudhir

Good point about the fake neutrality posturing, RajeshA. Here's a classic updated example of the $hitish feigning studied neuter-ality in south asian affairs using their media muscle. From the ekhanomist rag: Indian-held Kashmir:Grim up north A revolting crime has renewed protests against Indian rul...

vsudhir

OKie folx. Confirmation (if you still needed it) that the gubmint is playing in the mkts and propping them up. A floor trader spills the beans in his classic artless way. 6 minute CNBC clip linked frm Denninger's. Watch it all!

link

vsudhir

Matt Tabibi on Goldman Sachs. Doing the rounds furiously on the web. Recommended (12 page) read. The great american bubble machine The Rolling Stones columnist is on a deadly mission to expose the past present and planned future of Goldman Sachs. He might just meet with an unforeseen car accident th...

vsudhir

x-post frm the persp thread. uh-oh. Sri Ambrose E Pritchard targets PRC banking sector this time. China's banks are an accident waiting to happen to every one of us China's banks are veering out of control. {I disagree. They're firmly under state control thanQ. Now if you're saying the chini state i...

vsudhir

uh-oh. Sri Ambrose E Pritchard targets PRC banking sector this time. China's banks are an accident waiting to happen to every one of us China's banks are veering out of control. {I disagree. They're firmly under state control thanQ. Now if you're saying the chini state is veering out of control.... ...

vsudhir

Wow.

Rajesh, Anujan and others, wonderful and doable suggestions. If the word gets out from here, it will have served some purpose.

vsudhir

My best hope for TSP is that the yamrikhans will be themselves only and live upto their record. They intervened militarily in Vietnam and neighboring Cambodia bore the brunt with its govt overthrown and the khmer rogue monsters redefining mass-murder in Indo-china. Now they've invaded Afgn, ostensib...

vsudhir

p_saggu - well who made GTRE responsible for the Kaverithen? Since the early 80s we have been reading about the success of the GTX 1437U (whatever). This was to transition into the Kaveri. Now sometimes we hear that it has achieved its original goals and sometimes that it has not. Who are we to bel...

vsudhir

Very nicely explained, Anujan. Agree mostly. And no, I doubt anybody here really underestimates either the chinis or the khans. Interesting times (in the chini sense of the term) beckon. Meanwhile, Telegraf is releasing bountiful info on what accounts the 'great' in grate Britain. Dark pension cloud...

vsudhir

Unkil better start hoping the hyperinflation thing starts kicking in fast.... Good point. John Snow saar had the whole cycle forecast and mapped out. I've no doubt Sri Bernanke is *very* desirous of inflation, but deflation it is. The money creation is simply not able to keep pace with the destruct...

vsudhir

x-post from the UKstan thread Benefit payouts will exceed income tax revenue . The state will pay out more in social security benefits than it raises from workers in income tax this year, The Daily Telegraph can disclose. The stark evidence of the growing imbalance between what the Government raises...

vsudhir

Benefit payouts will exceed income tax revenue . The state will pay out more in social security benefits than it raises from workers in income tax this year, The Daily Telegraph can disclose. The stark evidence of the growing imbalance between what the Government raises and what it spends is likely...

vsudhir

When I visited Lakshadweep some years ago, officials told me about an indigenously developed process to desalinate seawater, which had been commissioned by the Government as a pilot project. Apparently the experiment was successful, resulting in conversion of seawater into potable water at 10 perce...

vsudhir

ok, FWIW, dunno what PRC is upto but doubt its anything good. Dollar Declines After China Repeats Call for New Global Reserve Currency Meanwhile crisis in the boor states of the rich khanate federation constinues unabated Mounting Jobless Claims Force States To Borrow Funds And the boverty of the st...

vsudhir

JEM boss,

too much, nay three much onlee....

vsudhir

Hotel foreclosures jump in California In California, 175 hotels are in default -- the first stage in the foreclosure process -- according to a report from Atlas Hospitality Group, an Irvine-based brokerage firm. Another 31 have been foreclosed, nearly one third of them in the Inland region. Of thos...

vsudhir

From a blogpost, so believe at yoru own peril. Nonetheless, the poster is highly credible judging by his past record. How important are jobs? The State of North Carolina just gave the PCS mine (a phosphate mine owned by Potash of Canada) permits to mine, for the next 35 years, 11,000 acres adjacent ...

vsudhir

RajeshA, The former colonies do not need Britain anymore. Britain cannot give anybody any further respite. Its special status for the USA is on the decline as well, and in an expanded EU, it would not form the core. There is nothing wrong in now pouncing upon Britain and make it account for all its ...

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