Reserve Bank Of India Uses Repo Rate to Curb Inflation
India has moved form a slow moving economy in the 1980s and early 1990s to a fast growing global powerhouse. However, growth bring along problems of inflation and price control that can eventually create a huge disparity between the rich and the poor. India also has a large middle class that is increasing its discretionary spending favoring higher inflation. The RBI with its tools such as repo rate, cash reserve policies and other monetary polices have a tough job ahead.How Much Is Enough!
With inflation knocking on the door, and unemployment statistics rising, people are finding it increasingly difficult to ‘keep up with the Jones’s’! And yet the urge to buy impulsively and compete with the latest consumer trends, despite not having the bank balance to match it, is ever increasing. Whether it is the acquisition of mobile phones, cars, outfits, perfumes or the latest fashion fads, there is a strong yearning in the soul to ‘fit in’.Does Prosperity Always Encompass Wealth?
There’s a global economic storm coming that’s going to make the Great Depression of the 1930s look like good times. Despite proclamations of recovery by the mainstream media and other mouth-pieces who represent the world’s money-elite (the U.S. and other governments, the Federal Reserve, financial “advisors” and the biggest global banks), real experts say real hard times are just around the corner….Communist Social Engineering
Soviet brutality and violence are often blamed on very difficult conditions in Russia. Yes, conditions were very difficult. But this was a consequence, at least in part, of mistakes made by Bolsheviks.Will the US Default If The Debt Ceiling Is Not Raised?
This article examines the facts versus fiction of whether the US Government will default if the debt ceiling is not raised in the short-term. It examines the various components of the US budget and determines how much of the budget could be paid from the money that the Government takes in per month from taxes and how much must be borrowed.Economics, and Not Religion, Might ‘End’ The World
We owe our existence to the undying hustle of entrepreneurs, the unending spending of consumers, the unwavering input of workers, and the heavy taxation by our governments. Neither can exist in isolation. It’s either all, or none, Economics 101.Rating Agencies and the US Government – There Will Be Conflicts of Interest Anyway You Look At It
As you know, the rating agencies were involved, or rather an enabler of the housing bubble and therefore one of the players in the global economic crisis knocked the United States back a couple notches. Now due to the new financial regulations, the US government regulators wish to prevent the rating agencies from being an enabler in any future financial economic bubbles, that makes sense and that’s one of the many reasons for the Franks-Dodd’s Financial Bill. On Thursday, May 19, 2011 there was an interesting article in the Wall Street Journal which was titled “SEC Aims…The Phantom Growth of China’s Ghost Cities
The China boom is all about infrastructure growth. But the rapid rise of “ghost cities” makes one wonder how much of that growth is real.HIV Treatment Access In Jeopardy – Could A Florida Proposal Cause A Ripple Effect?
An alarming proposal in the US states of Florida is causing HIV/AIDS patients to fear a ripple effect that could put HIV treatment access in jeopardy. According to a May 2011 article in the St. Petersburg Times, the income limits for those receiving state aid for life-savings HIV medications could be lowered drastically.Reality or Illusion? – Can Wanting to Believe Make It So?
Not since the Civil War has the country been this split, with half believing that the economy is fully recovering and the other half insisting that calamity is just around the bend. For the past two years the Federal Reserve has been pumping money into this economy through QE1 & 2 and other direct stimulus programs, and there is no doubt they all helped avoid catastrophe.Microsoft Calls Skype On Our Dime
Microsoft’s agreement to buy Skype for $8.5 billion may turn out to be a bad bargain, but that does not mean Microsoft CEO Steve Ballmer made a mistake. His company has all the upside, while you and I are on the hook for approximately half of any losses. Our irrational tax laws made it rational for Ballmer to spend a fortune acquiring a company that makes no money.