India is short commodities, oil, and as a consequence the natural force majeure of the human condition for political and military chaos
Economic conditions are priced for perfection with oil under 40 and commodity prices at cycle lows.
The RBI is a Nina, a Nino, or impolite Bedouin away from making money more expensive in a cheap money world and at 4 million imported barrels a day (1.4 billion a year) twenty bucks away from a run on reserves
The good news is that banks are fessing up to risk handicapping that has been wrong at a 20 % rate Which is also the bad news as government banks chase a $75 million non compete payment against a promoter travelling on a diplomatic passport in lieu of $ 1 billion of credit extended on the collateral of a personal brand
Pride goeth before the retest
Economic conditions are priced for perfection with oil under 40 and commodity prices at cycle lows.
The RBI is a Nina, a Nino, or impolite Bedouin away from making money more expensive in a cheap money world and at 4 million imported barrels a day (1.4 billion a year) twenty bucks away from a run on reserves
The good news is that banks are fessing up to risk handicapping that has been wrong at a 20 % rate Which is also the bad news as government banks chase a $75 million non compete payment against a promoter travelling on a diplomatic passport in lieu of $ 1 billion of credit extended on the collateral of a personal brand
Pride goeth before the retest
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