Today is the biggest political economic event of India the yearly govt. Budget 2017, It has been always the biggest sales event by the media and every year the projections, expectations are on the rise.
The following will be the reactions to the budget to be presented even before analyzing it .
- BJP – Path breaking, pro-farmer & will help the last person in the society.
- Congress – Anti-poor & will increase inflation.
- AAP – For the benefit of Adani & Ambani.
- CPI & CPM – Will serve American interest & will result in mass unemployment. Continue reading
Yesterday FT did an interesting post on the 3 scenarios for the next government . The Good , The Bad and The Ugly directly impacting the economic scenario of India . The Fun fact: as many as 363 political parties participated in the 2009 general elections and only seven of them were national. India really does coalitions with gusto and there is a chance that anti-incumbwncy voting — embodied best perhaps by the anti-corruption poll-complicating AAP — might deny the BJP the seats they need to form the stable government apparently being priced in
The most interesting is to analyse the below scenario :
Caveat emptor : The above is subject to change if Congress is able to form the govt 😉
I am just moving towards the US although Europe, Spain, India and S&P are the place where the mass is keeping the watch. But we cannot close our eyes as yesterday JP Morgan Chase CEO Jamie Dimon to apologize before Congress and detail a complex trading strategy that backfired. For the details of last you can refer to my last posts JP Morgan Series and Understanding JP Morgan Loss
As every body is aware that OTC derivatives is mammoth in size. I have tried to put my views in my past articles over OTC. Continue reading