I hate being a narcissist and an ego-maniac, but the truth is: I TOLD YOU SO.
If you haven’t already, I highly recommend READING THIS ARTICLE, that I had written last month (April 2013), and THIS ARTICLE (May 2013), outlining the exact process/method/path to India’s Inevitable Economic Collapse. Needless to say, India’s GDP just took a dump + The Reserve Bank of India (RBI) insisting that it wont cut rates as there is a significant UPSIDE RISK TO INFLATION, spooking investors and resulting in a highly coordinated (Panic) sell-off.
Here’s the piece from Times of India:
Pulled down by poor performance of farm, manufacturing and mining sectors, economic growth slowed to 4.8% in the January-March quarter and fell to a decade’s low of 5% for the entire 2012-13 fiscal.
Belying hopes of further rate cuts, the Reserve Bank governor D Subbarao’s comments that there are still upsides risks to inflation spooked stock markets. Additionally, RBI’s concern about widening country’s current account deficit amid rupee falling to over 10-month lows, also put pressure.
In this realm of reality, that we all inhabit, you simply cannot have both, Economic Growth and Low Inflation at the same time. Something has to give.
So here’s what I think is gonna happen:
The market players (American Hedge Funds) are going to rob the RBI at gun-point, just like Greece, and no-one will be able to stop them. The RBI will cave, and go BOJ on everyone’s ass.
START THE PRINTING PRESS.
LET THE PRINTING BEGIN.
Wall Street Fool
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