This series of splashes began in November 2008 as my attempt to track the effect of recession on some of the aspects of the Indian economy- mainly the trade deficit, inflation and the  oil pool deficit.Over the last eight months, India has gone through the 15th Lok Sabha General elections where in spite of all fears of a badly fractured mandate, the electorate has been wise enough to give a verd...

I was happy that the price of gold has touched 16000 INR.I purchased it long back at a very low price.The bullish trend of yellow metal makes me think about my prudent decision years back,and I feel that every one who has some interest in the yellow metal will praise the wisdom of our ancestors.But at the same time I think about the buyers.Who will purchase this metal at such a bullish price?There...

Once upon a time, a man was selling Hotdogs by the roadside. He was illiterate, so he never read newspapers. He was hard of hearing, so he never listened to the radio. His eyes were weak, so he never watched television. But enthusiastically, he sold lots of hotdogs. He was smart enough to offer some attractive schemes to increase his sales. His sales and profit went up. He ordered more and more ...

Continuing with the Part 1 and Part 2 of my Recession and India series, this splash would take a look at the developments on the economic front in the last one month. As expected, inflation has become a non-issue with the inflation dipping to 5.07% for the week ended 24th january 2009. It is estimated that the figure would come down to around 3% by March 2009. NDA has lost one of its major ...

Yes, let us save India with my stimulus package. Don't waste your time with non-issues like shoe throwing, culture saving, pubbing and clubbing, smooching before marriage and lurching after marriage, building temples, and what have you. Get a life. Or rather, get the rights to your window sills, balconies, backyards, front yards. Even the commode top will suffice. If you don't have any rights to a...

Now everywhere there is talk of bail out package,talks about quarantine bad assets,talks about collection of bad assets and making banks clean.There is talk about UK banks failure,talk about Citi,Bank of America and all talks on single problem that the Banks are in a mess,and they need funds to survive.Their liquidity is at crisis.Every bank has its own story ,but most of them put the reason on gr...

In November 2008, I wrote my views on the effect of recession in India. Its been nearly 45 days since then. Its time to check what is actually happening in the economy and get a little audaciuos to make a forecast for the year 2009. Inflation The inflation for the week-ended December 20, 2008 came in as 6.38% . The Prime Minister must be thanking his stars or his calculations, and if the curr...

In recent trading sessions the dollar has been weakening against the major currencies. This marks a trend reversal from last couple of months when nervous investors rushed to buy dollars as global stock and bond markets came unhinged.  The dollar has fell 2.3% against the euro and also lost ground against major currencies such as Japanese Yen, Brazilian real, AUS dollar, Canadian dollar to add as ...

The world seems to be talking about recession and its effects, and the mood at cplash was no different. Last week was dominated by cplasher's views about how the recession is going to affect our lives. Away from the news about recession, Sonia Gandhi  endorsed the  decision of Indira Gandhi to nationalize banks in 1969 , giving in to vote bank politics to protect its Marathi votebank from being p...

..they want to go back to real work. Obama says he will put 2.5 million back on payrolls from unemployment benefits scrolls. Yes, he can; so they will. When america goes back to work, who will miss his work? What work will they do? Build new bridges. add more roads and highways. Dredge and deepen rivers. Build rail networks. Once again, mass transit will be back. Americans will rediscover the vrit...

Good morning. The news this week has only reinforced the fact that we are facing an economic crisis of historic proportions. Financial markets faced more turmoil. New home purchases in October were the lowest in half a century. Five-hundred-forty-thousand more jobless claims were filed last week, the highest in 18 years. And we now risk falling into a deflationary spiral that could increase our ma...

Hi all, The biggest BUZZ word around the globe today is recession. Doomsday scenario are being forecast, new lows are being predicted for the stock markets. Everybody has his own opinion about the recession, and this spalsh is all about how I see the recession playing out in India. The biggest concerns for India before the current economic crisis began were inflation and widening trade deficit. Th...

We are far away.Before recession started we never got the price of our agri product,now we have found out alterrnatives through the best bargainer ,and we have forgotten that this quota is to be given to government.Price is falling down.I do not understand as a cultivator,but the price of cardamom,onion,potato,rice is very high in market. Why shoud I bother that I have billions of money and this r...

India lives beyond Sensex (Though, I am not sure if it lives without sex). But, this dirty word, sensex, has gripped our minds. So, I attempt some LPnomics. Readers are responsible for their own assesment on these claims. If harm comes their way, they can't resort to fair or foul means to avenge. If wealth or sex comes their way, they can donate sex to charity and wealth to me. BSE-30 Sensex: Glad...

If I have to name one sector that can bring our economy back on track I would say Housing & Real Estate. The rising commodity prices, higher Inflation, higher interest rates contributed to home buying becoming more and more expensive for the common man. Over the last 6 months this has led to inventory buildup, slowdown in new development. Close to zero demand for homes resulted in stocks such as D...