While the US may be rejoicing its daily stock market all time highs day after day, it may come as a surprise to many that global equity capitalization has hardly performed as impressively compared to its previous records set in mid-2007. In fact, between the last bubble peak, and mid-2013, there has been a $3.86 trillion decline in the value of equities to $53.8 trillion over this six year time period, according to data compiled by Bloomberg. Alas, in a world in which there is no longer even hope for growth without massive debt expansion, there is a cost to keeping global equities stable (and US stocks at record highs): that cost is $30 trillion, or nearly double the GDP of the United States, which is by how much global debt has risen over the same period. Specifically, total global debt has exploded by 40% in just 6 short years from 2007 to 2013, from “only” $70 trillion to over $100 trillion as of mid-2013, according to the BIS’ just-released quarterly review.
It should come as no surprise to anyone by now, but the only reason why global stocks haven’t plummeted since the Lehman collapse is simple: governments have become the final backstop for onboarding risk, with a Central Bank stamp of approval – in other words, the very framework of the fiat system is at stake should global equity levels collapse. The BIS admits as much: “Given the significant expansion in government spending in recent years, governments (including central, state and local governments) have been the largest debt issuers,” according to Branimir Gruic, an analyst, and Andreas Schrimpf, an economist at the BIS. >> Read More
Last Week as Expected it was Complete Bloodbath in Copper-Nickel-Zinc-Lead
Those who were having levels and Strategy had minted Money.
Now ,What to expect ?
A senior Russian official appealed to the West on Sunday to help prevent “neo-fascists” coming to power inUkraine after a far-right leader said he planned to run for president.
Dmytro Yarosh, leader of the Right Sector paramilitary movement which played a big role in three months of protests that toppled Ukraine’s Moscow-backed president, announced his candidacy for the May 25 election on Saturday.
“The de-facto authorities in Kiev and their Western backers should close the road to power of the neo-fascist Yarosh and his supporters,” Konstantin Dolgov, the Russian Foreign Ministry’s human rights commissioner, said on Twitter.
Moscow has charged Yarosh with incitement to terrorism for allegedly suggesting a Chechen warlord should attack Russia after Russian forces took control of Ukraine’s Crimea region.
Political analysts in Ukraine say Yarosh is a rank outsider in the election because of his ultra-nationalist views. >> Read More
In the Wilderness Of Africa there is a unique problem-Elephants. The population of these majestic pachyderms has risen so fast that it exceeds the resources the various State protected wildlife reserves can secure and sustain. The affected governments have found a new strategy. It is believed if the leader of a herd is maimed, the herd soon falls into disarray making it easy for State sponsored shooters to go for the cull.
In the 67 years of India’s existence numerous riots against and with various minorities have been state sponsored. No matter whoever has been in power, the State has taken it’s toll. The result-nascent revolt like situations exist-the Maoist insurgency in Central States, the communist insurgencies in North East and religious insurgency in the North. There is another form of terrorism-political terrorism.
Way back in early 1990s as a strapping young man in early 30s I got introduced to a phenomena called “Saharasri”. I had gone to Hyderabad on a Sahara Airways flight with a faint knowledge that the airline was owned by a para-banking supremo based out of UP. I was soon corrected by many not so well-off dwellers of Hyderabad that Mr. Roy had infact found his moorings in Hyderabad before moving up north. In the succeeding two decades and more Subroto Roy became increasingly entrenched with the politicians of UP and some big industrial houses.
No one could lay finger on where his power flowed from, except that whether it was setting Real Estate projects in 30 cities, building the famed Aamby Valley, sponsoring the Indian cricket team for donkey’s year, setting up an Airline and buying marquee properties in New York and Grosvenor House in London, Mr. Roy’s graph was only on the ascendant. The peak was a sight where the marriage of his 2 sons was attended by no less 5 former and sitting PMs and a host of celebrities from the Cine Industry in Bombay. >> Read More
US Secretary of State John Kerry has told Russian Foreign Minister Sergei Lavrov that any Russian steps to annex Crimea would close the door to international diplomacy.
Mr Kerry also urged Mr Lavrov to ensure that Russia acts with the “utmost restraint” in Ukraine.
It follows warnings from French President Francois Hollande and US President Barack Obama that ”new measures” would be implemented against Russia if it fails to move on defusing the crisis in Ukraine.
The two leaders insisted on the “need for Russia to withdraw forces sent to Crimea since the end of February and to do everything to allow the deployment of international observers”.
“If there’s a lack progress in this direction, new measures will be taken which would noticeably affect relations between the international community and Russia, which is in no-one’s interest,” the French presidency said. >> Read More
In a damning indictment, the CAG has said Oil Ministry and its technical arm DGH approved notification of now flagging gas discoveries in Reliance Industries’ KG-D6 block despite the company not doing enough appraisal.
Reliance Industries had found gas in the Dhirubhai-1 and 3 wells in October 2002 and were declared commercially viable finds between April 2003 and March 2004. It in May 2004 claimed the finds to hold 8.3 trillion cubic feet of in place gas reserves, the CAG said in a draft audit report of KG-D6 block.
The DGH approved a USD 2.47 billion initial development plan for the two finds by lowering the in place reserves to 5.45 Tcf and recoverable resource to 3.81 Tcf with first gas coming in August 2006.
However before the start of commercial production, Reliance Industries in October 2006 submitted changes in the development plan by raising the capex requirement to USD 8.8 billion in two phases and putting recoverable reserves at 12.04 Tcf out of in place volumes of 14.164 Tcf. >> Read More
Above is Weekly Chart of USDINR-SPOT
101% on the Edge………………………..Yes Really Great of INR
Weekly Chart Indicates : 60.90 & 60.70 are Crucial support
Spot USDINR ,If closes below 60.70 for 3 Consecutive days +Weekly close then ??
Below 60.70 level if our Condition is fullfilled
We see Freefall upto 55.64 level in coming Weeks/Months.
Yes ,More Details will update to our Forex Subscribers
Next Week Very Crucial for USDINR (Will it hit Sharp Bottom ) and takes U-TURN ?
11th Week ……………….Will see Unexpected level in USDINR
Hurdles & Intraday Trading levels to our Subscribers.
Updated at 13:45/09th March/Baroda/India
In the epic Mahabharata-”Gandhari” adorns the blindfold to understand the pain and helplessness of a Blind King. This gesture as grandstanding as it seems, did not take away the 7 senses from either Dhritrashtra or Gandhari for the simple reason that what we do not see but perceive is invisible. So it can be ridiculed but cannot be questioned that sound, smell, pain, love, happiness do exist. 5000 years later the forefathers of the freshly minted State of India wrote down it’s Constitution. In the new Order, the Parliament was supposed to over-look the Executive as represented by Administrative services, and the Constitution was meant to overlook the Parliament. A parallel judicial body was entrusted with implementing the Constitution. In more ways than one this makes India’s Parliamentary democracy subservient to the Judiciary.
But power lines are inter-mingling, the “law & order” machinery is increasingly taking over the task allocated to the Executive. A stage is coming upon us where the Parliament itself will no longer be required as the various State machines will report to Justice. Which as we all know is “Blind” though the blindfold is meant to make the body “impartial” and thus open to the Senses. The effect is shaping up negatively.
Earlier in 1971 and then in 1977 the then PM Mrs Gandhi superseded judiciary and made it subservient to politics. In the period, 2009-2013 the judiciary has taken back everything. It started with a CAG report on Spectrum allocation followed up with the Coal blocks offered to industry. Instead of arresting the CAG for leaking incomplete information and prosecuting him for breaking the “official secrets act” and charges that he exceeded his brief, the national media feted and justice made him a celebrity. Arrests followed and many ministers, industrialists, executives and bureaucrats involved with telecom, coal, commonwealth were placed behind bars, making the nation a comical “Scam A Day Nation”.
Did anything beyond the fact that such licenses were given on a “first-come first-serve basis” instead of a public auction come out? No. Yet the entire polity and industry was shamed, and it has been portrayed that the Industry is nothing but a league of land and licence grabbers. The polity is subservient to the industry. So why were all so called scamsters bailed out? The “law” meant to protect the masses and implement the “constitution” has narrowed down to frivolous prosecution, witch hunt, mass imprisonment and converting an ebullient economy into a “still-born” state.
Those who live in palatial bungalows and those who draw their sustenance and salaries from the Government have taken the role of “Darkness” that pervades. The Senses have been relegated behind the blindfold just as vision has been. That there are brave investors outside such a system is a miracle in itself.
Last Close :6555
Above is Daily Chart of SGX NIFTY
SGX Traders ,Just watch…………Above level very Carefully
If crosses and stays above then will update more ……………..
Short Term Traders ………If not crosses High of ( 6566 ) and trades below 6543 level with volumes and sustains for 20 minutes or more then ?
Nonstop slide upto 6472——————–6449 level in hrs only.
(Minor Support at 6486 level )
Indicating to have Cautious Approach at these levels…………….!
Highly Overbought in Daily & Weekly chart and trading above Band
101% More Details ,Intraday levels to our Subscribers
Updated at 12:07/09th March/Baroda/India