Import of finished electronics will be curbed

adventureguy

Well-Known Member
Veteran
Nov 16, 2015
1,200
548
126
Hyderabad
unemployment is down, growth rates are up. What more do you want.

See, this whole thing about trade war remains to be seen. Trump managed to strong arm Mexico & Canada into a new FTA. They will be using the same tactics with others. China imports only 150 bn, US imports over 600bn from them. Who do you think is going to be hurting more :)

So its the 'threat' of trade war without needing to have one that is the idea. because trade wars are bad and nobody needs them. Who blinks first in this game of chicken.

Same with sanctions. You want to trade with the US then do it on their terms or stay out.

Check his ratings

Unlike other polling companies those guys actually predicted he would win back in Nov '16.

Total approve into the 50's now thanks to USMCA. It needs to stay there until Nov and he's good at the midterms.
unemployment and growth rates are partly from measures taken by Obama administration, effects of which were seen in trump years plus partly due to US economy having the largest bull run since existence. https://www.theguardian.com/business/2018/aug/22/wall-street-record-longest-rally-history-bull-market

also check his ratings from start of the year to now. Despite many many scandals, theres' just a difference of +/-5 points. I think chinese are just waiting for midterms results before making another move. Its just a waiting game and effects will be hard once market inevitably crashes. There are already a lot of experts saying a correction is coming but all are ignoring them just like they did in 2008
 

Julian

om nom nom
Veteran
Jul 31, 2008
1,829
718
201
37
Navi Mumbai
Lol, just 3 days after the great petrol price cut, rates are up by 53 paise. That's half a rupee in 3 days.

Someone was gloating about the cut. Typical blind bhakts...
 

blr_p

Well-Known Member
Veteran
Apr 11, 2007
5,786
1,195
301
Lol, just 3 days after the great petrol price cut, rates are up by 53 paise. That's half a rupee in 3 days.

Someone was gloating about the cut. Typical blind bhakts...
So ? its not even 25% of the cut.

This is an election year, everything is possible :)
 

blr_p

Well-Known Member
Veteran
Apr 11, 2007
5,786
1,195
301
unemployment and growth rates are partly from measures taken by Obama administration, effects of which were seen in trump years plus partly due to US economy having the largest bull run since existence. https://www.theguardian.com/business/2018/aug/22/wall-street-record-longest-rally-history-bull-market
New administration is rated when the second year begins. That would be back in Jan

also check his ratings from start of the year to now. Despite many many scandals, theres' just a difference of +/-5 points. I think chinese are just waiting for midterms results before making another move. Its just a waiting game and effects will be hard once market inevitably crashes. There are already a lot of experts saying a correction is coming but all are ignoring them just like they did in 2008
People predict crashes all the time that is why 2008 was ignored.

If Chinese want to play their cards, time to do that is now not after the midterms.

Did i mention we've invited him over for next Republic day. We're still waiting for a confirmation.
 

Lord Nemesis

Overlord
Veteran
Jun 3, 2005
5,935
2,403
377
Those type of Rate cuts are nothing more than hog wash to feed the fools and the bhakts.

Let them bring petrolium under GST and we will talk. Was GST not meant to be unified tax system? This govt redefined it as just a means to increase taxes where they were low or non existent, but kept heavily taxed areas out of it.
 

6pack

Well-Known Member
ex-Mod
Sep 19, 2005
7,452
1,491
302
Another reason FII's are running off is their earnings are dwindling with fall in rupee. Example: They invested US$ 100 into some shares when rupee was 65. Now when its 75 they will have less dollars when converting rupee to USD when taking it out even when they have got profit from the market. Multiply this by crores of rupees or dollars for the scale of investment these foreign investors do and you will see why they're fleeing.
So I'm guessing India looking like a good destination for investment is far from the truth if rupee keeps falling.
 
  • Like
Reactions: nimod

rdst_1

Well-Known Member
Veteran
May 10, 2009
2,508
1,111
253
31
Hmmm.... If the investments in India were doing good, wouldn't they invest more money if dollar is stronger. It would mean that they have higher buying power, so they should be investing instead.
That is what would have happened if we had an environment which was more conducive for businesses.
 
  • Like
Reactions: 6pack

blr_p

Well-Known Member
Veteran
Apr 11, 2007
5,786
1,195
301
Hmmm.... If the investments in India were doing good, wouldn't they invest more money if dollar is stronger. It would mean that they have higher buying power, so they should be investing instead.
Exactly, so rupee falling is a natural adjustment and makes us more attractive. This is also part of the problem. There are people out there shorting the rupee so the RBI has to balance for that. India's fundamentals remain strong and i continue to believe we can weather this uncertainty better than other emerging markets. We've been through worse, think back to 1991. What about Oct 2013, rupee dropped from 50 to 70 in one day. Lived to tell the tale

That is what would have happened if we had an environment which was more conducive for businesses.
Room to manouever in an election year is tight. Anything that is good sense economically comes with social consequences. So they are going to go for sops instead of austerity.

There has been disappointment over this govts tenure that it couldn't have been more daring. That is due to vested interests that will paralyse the system if the govt pushes too hard. Modi called out the crap that was there and expectation was he wave a magic wand and fixes it all. Doesn't work like that.

A change of govt next year brings more uncertainty to foreign investors than if the same govt remains in office.
 

Julian

om nom nom
Veteran
Jul 31, 2008
1,829
718
201
37
Navi Mumbai
Those type of Rate cuts are nothing more than hog wash to feed the fools and the bhakts.

Let them bring petrolium under GST and we will talk. Was GST not meant to be unified tax system? This govt redefined it as just a means to increase taxes where they were low or non existent, but kept heavily taxed areas out of it.
Bingo !

It's surprising more people haven't noticed this or aren't talking about it. They first went from 12.36% ST to 14 + 0.5 + 0.5 (15%) and then used gst to bring most things to 18%. Also a shitload of things became 28%. With 5 or 6 slabs. And exemptions for higher brackets like 40-45%.

Pretty much everything this govt. has done is to make themselves more money.
 
  • Like
Reactions: mach9

mach9

Das Layzeemeister
Adept
Dec 17, 2007
897
285
153
Anywhere between 0 - 47000 feet
Bingo !

It's surprising more people haven't noticed this or aren't talking about it. They first went from 12.36% ST to 14 + 0.5 + 0.5 (15%) and then used gst to bring most things to 18%. Also a shitload of things became 28%. With 5 or 6 slabs. And exemptions for higher brackets like 40-45%.

Pretty much everything this govt. has done is to make themselves more money.
Don't forget Patanjali
 
  • Like
Reactions: Julian

adventureguy

Well-Known Member
Veteran
Nov 16, 2015
1,200
548
126
Hyderabad
New administration is rated when the second year begins. That would be back in Jan


People predict crashes all the time that is why 2008 was ignored.

If Chinese want to play their cards, time to do that is now not after the midterms.

Did i mention we've invited him over for next Republic day. We're still waiting for a confirmation.
New administration is rated from the time president is in office ie Jan 2017.
not people, economists predict crashes. And now the signs are getting more and more vocal.
Chinese already played their cards. Once the fallout from that stabilises and supply chains adjust to low orders/high raw materials, we'll see the results.
What does our invitation have to do with anything? Isn't that standard diplomatic procedure for bilateral relations? we're buying russian military stuff and iran oil so we have to appease US somehow
 

nimod

Well-Known Member
Adept
Jan 7, 2013
595
325
102
New administration is rated from the time president is in office ie Jan 2017.
not people, economists predict crashes. And now the signs are getting more and more vocal.
Chinese already played their cards. Once the fallout from that stabilises and supply chains adjust to low orders/high raw materials, we'll see the results.
What does our invitation have to do with anything? Isn't that standard diplomatic procedure for bilateral relations? we're buying russian military stuff and iran oil so we have to appease US somehow
Totally Agree.

But when will this govt start appeasing the Hindus ?
 

blr_p

Well-Known Member
Veteran
Apr 11, 2007
5,786
1,195
301
New administration is rated from the time president is in office ie Jan 2017.
No, its the second year. I'm talking economy. Because there is a overflow from the previous administration in the first year. By the second year policies start to take shape and the market has a better idea what to expect and it's reacted positively.

not people, economists predict crashes. And now the signs are getting more and more vocal.
They did a lousy job with 2008

Chinese already played their cards. Once the fallout from that stabilises and supply chains adjust to low orders/high raw materials, we'll see the results.
The results are more gets done in the US than was the case earlier. This also means they need fewer foreigners.

What does our invitation have to do with anything? Isn't that standard diplomatic procedure for bilateral relations? we're buying russian military stuff and iran oil so we have to appease US somehow
3rd sentence of your post. We're not going to zero with Iran so we need to come to an understanding. If he comes over i'd see that as net positive.

He's also hard on China & the Paks. Another net positive.
 
Last edited:

adventureguy

Well-Known Member
Veteran
Nov 16, 2015
1,200
548
126
Hyderabad
No, its the second year. I'm talking economy. Because there is a overflow from the previous administration in the first year. By the second year policies start to take shape and the market has a better idea what to expect and it's reacted positively.


They did a lousy job with 2008


The results are more gets done in the US than was the case earlier. This also means they need fewer foreigners.


3rd sentence of your post. We're not going to zero with Iran so we need to come to an understanding. If he comes over i'd see that as net positive.

He's also hard on China & the Paks. Another net positive.
Markets have no idea what to expect from trump and his irrational sudden decisions so they're bracing for the bad case scenario. Yup, I think 2008 is gonna repeat again.

Nothing gets more done in US because of these tariffs. Companies are just gonna abandon their projects in US and plan their future accordingly. Like Ford recently stopped all SUVs in US and is now just selling trucks in US. It still builds other vehicles outside US and also planning to set up a plant in India. Building in USA is simply not cost effective for companies compared to china and other emerging economies. Full stop.

I agree too. That it'll be a diplomatic win for us if Trump comes to india. Not disputing that.