marctomarket.com / by Marc Chandler / 24 April 2017
The US investigation into steel imports is not particularly novel. The US steel industry is highly organized for such purposes. The steel sector has the significant global excess capacity, which makes for intense competition.
What is relatively new about the investigation is that it is being […]
acting-man.com / Jayant Bhandari / April 21, 2017
Everything Gets Worse (Part XII) – Pakistan vs. India
After 70 years of so-called independence, one has to be a professional victim not to look within oneself for the reasons for starvation, unnatural deaths, utter backwardness, drudgery, disease, and misery in India.
Intellectual capital accumulated in […]
financialsense.com / GLOBAL RISK INSIGHTS / 04/17/2017
Increased international interest in the Indian Ocean comes at a convenient time for Sri Lanka, as the country continues to recoup after the end of its decades-long civil war which ended in 2009. The island nation is being courted (and courting in turn) by various major powers, each […]
armstrongeconomics.com / by Martin Armstrong / Apr 17, 2017
Yhe Prime Minister Narendra Modi announced on Friday the 14th, that 75 cities will be designated cashless/less-cash townships, with an overwhelming 56 of them being in Gujarat. Modi is determined to bring India into the 21st century. He is being cheered behind the curtain and […]
marctomarket.com / by Dr Win Thin / 2017/04/16
EM FX was mostly firmer last week, helped by Trump comments and softer US data. Whilst this seems positive for EM, the global backdrop remains uncertain. Some in EM (Russia, Turkey, and Korea) remain vulnerable to geopolitical concerns. In addition, idiosyncratic domestic political risks remain in play […]
gata.org / By the Press Trust of India via The Times of India, Mumbai / April 9, 2017
NEW DELHI — India’s gold imports witnessed a fall of about 24 percent to $23.22 billion in April-February period of the last fiscal year, which is expected to keep a lid on the current account deficit.
marctomarket.com / Dr. Win Thin / March 25, 2017
Reserve Bank of India will introduce a new monetary policy tool. Moody’s raised the outlook on Russia’s Ba1 rating from stable to positive. Fitch cut Saudi Arabia’s rating a notch to A+. Moody’s cut the outlook on Turkey’s Ba1 rating from stable to negative. China has […]
acting-man.com / Jayant Bhandari / March 23, 2017
India’s Rapid Degradation
This is Part XI of a series of articles (the most recent of which is linked here) in which I have provided regular updates on what started as the demonetization of 86% of India’s currency. The story of demonetization and the ensuing developments were […]
gata.org / By Shruti Srivastava and Swansy Afonso via Bloomberg News / March 8, 2017
Gold imports by India, which competes with China for the role of world’s biggest consumer, are said to have risen almost three-fold in February from a year earlier as jewelers increased stockpiles before the festival and wedding period that starts […]
acting-man.com / Jayant Bhandari / March 7, 2017
India’s Currency Ban – Part X
It has now been four months since Narendra Modi declared about 86% of monetary value of currency illegal. Linked here is the last in my series of updates, which was written soon after the deadline to deposit the demonetized currency. Most […]
garynorth.com / Gary North / February 26, 2017
Take a look at this chart of the wealth of nations.
This chart indicates just how dominant the United States of America is economically. Whenever you hear about the decline of the United States in terms of productivity, especially manufacturing, please keep in mind this […]
thedailysheeple.com / by Christina Sarich via WAKING TIMES / FEBRUARY 24, 2017
It isn’t clear if Bill Gates was veiling a threat to help depopulate the planet by 30 million people, if he was simply scare-mongering, or warning of a true cataclysmic-level bioterrorism event, but at the recently held Munich Security Conference the man […]
21stcenturywire.com / BY VANESSA BEELEY / FEBRUARY 20, 2017
In a recent interview with Yahoo News chief investigative correspondent Michael Isikoff, Syrian President, Bashar Al Assad fielded the usual array of hostile questions with familiar gravitas and dignity despite having endured six years of corporate media disrespect and outright attacks. The following short review […]
caseyresearch.com / February 16, 2017
Emerging market stocks have been “dead money” for almost a decade.
Emerging markets are countries that are on their way to becoming “developed” like the United States or Germany. Brazil, Russia, India, and China—the so-called “BRIC” countries—are the biggest emerging markets.
More than 80% of the world’s population lives in […]
investmentresearchdynamics.com / Dave Hodges / February 16, 2017
The demand for gold in India and China so far this year has soared, a fact which is completely ignored by the western financial media. The ex-duty Indian gold import premiums (approximately $10 earlier this week) are quite remarkable, “as the need to import kilo bars only […]
market-ticker.org / by Karl Denninger / 2017-02-05
What more needs to be said?
In Bangalore, India, heart surgeons perform daily state-of-the-art heart surgery on adults and children at an average cost of $1,800. For the record, that’s about 2% of the $90,000 that the average heart surgery costs in the United States. And when […]
zerohedge.com / by Michael Krepon / Feb 2, 2017
Nuclear dangers are growing in five different regions. The least noticed is South Asia. New Delhi has not been able to figure out how to deal with militant groups that enjoy safe havens in Pakistan. So far, India’s options have been to do nothing […]
financialsense.com / FS STAFF / 02/01/2017
With India’s recent move toward a cashless society, it’s becoming increasingly clear that a worldwide effort is underway to move away from physical currency, according to Norbert Haering, Ph.D., writer for Germany’s leading business newspaper, Handelsblatt, and author of The Abolition of Cash and the Consequences.
This time on […]
financialsense.com / GARY DORSCH / 01/31/2017
US-president Donald Trump just assumed office on January 20th, but already, his “America First” agenda is sending a big chill through Silicon Valley and India’s biggest tech stocks. The US tech industry has long lobbied for an easier way to recruit talent from abroad and had expected Hillary Clinton […]
gata.org / By Neha Dasgupta, Reuters / January 26, 2017
NEW DELHI — India is planning to revive a cluster of colonial-era gold mines — shut for 15 years but with an estimated $2.1 billion worth of deposits left — as the world’s second-largest importer of the metal looks for ways to cut its trade […]
financialsense.com / STRATFOR / 01/13/2017
The first phase of India’s radical demonetization experiment is over. Indian Prime Minister Narendra Modi made waves in November with his surprise announcement that the country’s 500- and 1,000-rupee notes — 86 percent of the cash in circulation — would be discontinued overnight. Dec. 30 marked the end […]
jessescrossroadscafe.blogspot.com / 10 JANUARY 2017
“The business interests of the US-companies that dominate the global IT business and payment systems are an important reason for the zeal of the US-government in its push to reduce cash use worldwide, but it is not the only one and might not be the most important one.
wallstreetexaminer.com / by David Zeiler via Money Morning / January 4, 2017
Crowds of citizens line up at a bank in Narvar-Shivpuri, India, on Nov. 13 in the hope of exchanging their old, worthless banknotes for new ones.
The intensifying global war on cash is destined to give the government more control over your […]
wallstreetexaminer.com / by Alex McGuire via Money Morning / January 4, 2017
Gold is coming off a rough 12.1% decline in Q4 2016. But our newest gold price predictions show gains of 24% in 2017 and 451.4% by 2019.
You see, the decline in gold prices over the last three months is only a […]
gata.org / By Rejesh Bhayani via Business Standard, New Delhi / December 31, 2016
Demonetization is expected to shave 300 tonnes off India’s gold demand, which is unlikely to come back in a hurry.
Average monthly gold imports, which have been around 65-70 tonnes for the past few years, halved between February and September this […]