Latest cc report CPI (ML) REDFLAG --- 17-2-2016
The international situation was stormy of events. The political economical state of Europe has been further drawn to a steadily tightening crisis. Greece is back in recession. Italy is barely growing. Portugal expanded but only at half the expected rate. the performance of the eurozone economy in the final three months of 2015 is marked with growth as measured by GDP up by 0.3%. This is largely because of the GDP growth of Germany.
European banks are sitting at multi-year lows. This Euro bank crisis may overtake Chinese slow down risk and may lead even to the bursting of one or two major banks.
Goldman Sachs alumnus Raoul Pal
said,
"So many of these [bank stocks] are falling so sharply. I think people haven't even caught up with what is going on, and that really concerns me,...I look at the big long-term share charts of them, and I think this looks very terrifying indeed. I have not seen anything like this for a long time."
As the octopus of crisis is gripping European continent the UK is facing Brexit referendum.
Pound sterling may go heading for another big tumble as currency markets are gripped by Brexit fear.
With prime minister David Cameron expected to announce the date for the vote soon, possibly at the EU summit this week, some investors are predicting a rocky ride for sterling in the currency markets in the next few months.
Many European companies and stocks may fly away from the British isles in case of increased fear of Brexit.
European banks are sitting at multi-year lows. This Euro bank crisis may overtake Chinese slow down risk and may lead even to the bursting of one or two major banks.
Goldman Sachs alumnus Raoul Pal
said,
"So many of these [bank stocks] are falling so sharply. I think people haven't even caught up with what is going on, and that really concerns me,...I look at the big long-term share charts of them, and I think this looks very terrifying indeed. I have not seen anything like this for a long time."
As the octopus of crisis is gripping European continent the UK is facing Brexit referendum.
Pound sterling may go heading for another big tumble as currency markets are gripped by Brexit fear.
With prime minister David Cameron expected to announce the date for the vote soon, possibly at the EU summit this week, some investors are predicting a rocky ride for sterling in the currency markets in the next few months.
Many European companies and stocks may fly away from the British isles in case of increased fear of Brexit.
On the other side of Atlantic the US recovery has become sluggish. Even alarms are on about fresh recession. This time a market that lost faith is the issue. If 2008 was a fall from the cliff now it is sinking in marsh.
The key factor to note is that the falling oil prices and negative interest rates could not pick up manufacturing and buying by an inch; instead led to the reverse.
The political conditions have begun to reflect the economic turmoils. The Ukrainian crisis got cob webbed. Russia stopped the supply of natural gas through Ukraine. The Syrian theatre of draconian conflicts have become one of multiple hostilities. With Turkey shooting down Russian bomber, Russia moving in the latest missiles in a warship called Moscow, building new run ways for its 5th generation fighters, with Putin openly attacking Erdogan as terrorist and Saudi as the facilitator of ISIS or DAESH, the Cold War has begun in new forms. Russian prime minister Medvedev has openly stated it. US has come in retaliation by demonizing North Korea (DPRK). US navy had begun close patrolling in the Chinese sea that China raised strong protests regarding that. US seems to make things ugly by portraying North Korea to be Russian ISIS.
Both Korean Nuke test and Chinese slow down are pet subjects in western press; though they are unable to hide the sorry state of capitalism.
The key factor to note is that the falling oil prices and negative interest rates could not pick up manufacturing and buying by an inch; instead led to the reverse.
The political conditions have begun to reflect the economic turmoils. The Ukrainian crisis got cob webbed. Russia stopped the supply of natural gas through Ukraine. The Syrian theatre of draconian conflicts have become one of multiple hostilities. With Turkey shooting down Russian bomber, Russia moving in the latest missiles in a warship called Moscow, building new run ways for its 5th generation fighters, with Putin openly attacking Erdogan as terrorist and Saudi as the facilitator of ISIS or DAESH, the Cold War has begun in new forms. Russian prime minister Medvedev has openly stated it. US has come in retaliation by demonizing North Korea (DPRK). US navy had begun close patrolling in the Chinese sea that China raised strong protests regarding that. US seems to make things ugly by portraying North Korea to be Russian ISIS.
Both Korean Nuke test and Chinese slow down are pet subjects in western press; though they are unable to hide the sorry state of capitalism.
NATIONAL SCENE
India is paining through serious crisis in both industry and agriculture.
Modi Raj leads the nation to doom.
India is paining through serious crisis in both industry and agriculture.
Modi Raj leads the nation to doom.
Industrial growth has become -3.2℅. Industrial employment growth has become -4.4%. Exports have dipped to the lowest by a fall of 24.43%. Capital goods segment has fallen into the depth of negative growth. It is -24% . it shows that industrial sector is sure to shrink.
Agricultural growth in 2014 -15 was 0.3℅. This year it dips into negative growth. Peasant suicides go escalated. There is a fall of 18% of area in the total grain producing land. Production of all the crops have fallen down.
It is not agrarian distress anymore. Together with an industrial dip it is now a national economic distress.
The BJP government has taken it on faster pace to liberalize the economy. It striped the defenses off at WTO meeting and submissively endorsed fully to WTO strictures. As a result, the existing subsidies support prices, crop procurements etc will vanish.
At the labour law front it is for stifling legislations to increase working hours and allowing vampiring extraction of the labour force. Modi's crop insurance is proven to be mere eyewash. The least parliament attending tourist prime minister is thoroughly exposed as a flop.
Though they were sitting ducks at Pathankot the khakki knikker rulers are eager to purchase diesel submarines from Germany Raphael jets from France and Drones from Israel. New princes of darkness of crony capital get the spoils of these deals. The government lost the parliamentary route to pass the Goods and Services Tax bill, the land acquisition bill and the labour law amendments. Now they try to take other routes.
Communal hatred is made into methodic madness. Universities are made into hells of discrimination and rightwing attack accompanied with police terror. The regime goes ugly on the issue of secular harmony. It openly abets the forces that whip up communal killings and strife. Though they lost both Delhi and Bihar state elections, they go unabated with the fascist plan.
The BJP government has taken it on faster pace to liberalize the economy. It striped the defenses off at WTO meeting and submissively endorsed fully to WTO strictures. As a result, the existing subsidies support prices, crop procurements etc will vanish.
At the labour law front it is for stifling legislations to increase working hours and allowing vampiring extraction of the labour force. Modi's crop insurance is proven to be mere eyewash. The least parliament attending tourist prime minister is thoroughly exposed as a flop.
Though they were sitting ducks at Pathankot the khakki knikker rulers are eager to purchase diesel submarines from Germany Raphael jets from France and Drones from Israel. New princes of darkness of crony capital get the spoils of these deals. The government lost the parliamentary route to pass the Goods and Services Tax bill, the land acquisition bill and the labour law amendments. Now they try to take other routes.
Communal hatred is made into methodic madness. Universities are made into hells of discrimination and rightwing attack accompanied with police terror. The regime goes ugly on the issue of secular harmony. It openly abets the forces that whip up communal killings and strife. Though they lost both Delhi and Bihar state elections, they go unabated with the fascist plan.