India

Tyler Durden's picture

Gold-Backed SDR "Is Quite Likely To Happen", LSE's Lord Desai Warns





As many are increasingly coming to terms with the 'obvious failure of fiat currency', the inevitavble question arises "what next?" Earlier this year, we discussed the possibility of a Chinese- or Russian-currency backed by gold, amid the increasing calls (domestically and abroad) for an end to USD Reserve hegemony; but this weekend, as Bloomberg reports, Lord Meghnad Desai, chairman of The Official Monetary and Financial Institutions Forum, stated that IMF Special Drawing Rights (SDR) should contain some gold to help stabilize the currency.

 
Tyler Durden's picture

Renminbi-Rising: American Leadership In A Multipolar World





Giving up the spotlight is never easy. The United States, like many aging celebrities, is struggling to share the stage with new faces, especially China. The upcoming meetings of the International Monetary Fund and the World Bank – two institutions dominated by the US and its Western allies – provide an ideal opportunity to change that. The US must come to terms with the reality that the world has changed. The longer the US remains in a state of denial, the more damage it will do to its interests and its global influence, which remains substantial, if more constrained than before.

 
Phoenix Capital Research's picture

Are Stocks Heading For a 1929-Type Crash?





 The US stock market is trading at 1929-bubblesque valuations, with a CAPE of 27.34 (the 1929 CAPE was only slightly higher at 30. And when that bubble burst, stocks lost over 90% of their value in the span of 24 months.

 
Tyler Durden's picture

Who Will Control The World’s Water: Governments Or Corporations?





Water is perhaps the world’s most important resource, and one of the most common resources. For decades water was regarded as a common good, and it was plentiful enough that in most parts of the world there was little money to be made off of it. Now as the world’s population continues to grow, all of that is changing...

 
Tyler Durden's picture

One Last Look At The Real Economy Before It Implodes - Part 4





The implosion of America serves a very particular purpose. It is not a product of blind coincidence, fate, political stupidity or corporate greed. It is an engineered event meant to clear the way for an even more sinister economic environment designed to establish a final economic empire with the purpose of permanently enslaving us all.

 
Tyler Durden's picture

Gold Jumps After India Reveals Import Surge





Gold prices jumped overnight on initial rumors and again in the last hour as Indian officials note that March Gold imports surged to 125 tons (more than double last March's 60 tons). As Reuters reports, Gold imports in the fiscal year 2014/15 ended March 31 jumped to 900 tonnes, up 36% from a year ago. Surging imports are helped by a falling price since the beginning of the year combined with the relaxation of government (capital control) import restrictions, and despite further efforts by the government to "monetize gold."

 
Tyler Durden's picture

Frontrunning: April 10





  • Nikkei tops 20,000, Europe hits 15-year high (Reuters)
  • GE to sell real estate holdings, sets $50 billion share buyback (Reuters)
  • Iran’s Middle Class Plans for Life After a Deal (BBG)
  • Walgreens to Close 200 Stores as It Expands Cost Cuts (WSJ)
  • Hillary Clinton expected to announce presidential run as soon as this weekend (Reuters)
  • It will cost $1.5 billion to keep Deutsche Bank Libor Manipulators out of prison  (USA Today)
  • Police Cameras Bring Problems of Their Own (WSJ)
  • Obama says concerned China bullying others in South China Sea (Reuters)
  • Investors Revive Appetite for Asian Junk Bonds (WSJ)
 
GoldCore's picture

Bank Deposits No Longer Guaranteed By Austrian Government





Emergency legislation can be drawn up over-night. While Austria may be the first in enacting bail-in legislation there is no guarantee that savers, particularly in the peripheral nations, will receive any indication that their deposits may be at risk.

 
GoldCore's picture

U.S. Hegemony and Dollar Threatened By New Chinese Bank





The era of infrastructure investment and multilateral banks and financial institutions controlled, in large part, by Washington - often as an aggressive strategic policy tool - has come to an end. 

 
Tyler Durden's picture

The Shell-BG Megadeal: All You Need To Know, And Why The Initial Response Is Not Enthusiastic





The full breakdown of the biggest energy deal in the past decade and the 14th largest ever corporate takeover.

 
Tyler Durden's picture

Frontrunning: April 7





  • Israel, U.S. Lawmakers Press Case Against Iran Nuclear Deal  (WSJ)
  • Rand Paul tries to broaden libertarian appeal (Reuters)
  • Fewer Oil Trains Ply America’s Rails (WSJ)
  • Chicago voters go to polls in first ever mayoral runoff (Reuters)
  • FedEx to buy TNT to expand Europe deliveries (Reuters)
  • Mohamed El-Erian Has Most of His Money in Cash (BBG)
  • In Surprise Move, Australia Holds Rates (WSJ)
  • Oil falls as Iran, China discuss more supply (Reuters)
 
Tyler Durden's picture

This Is Why The US Just Lost Its Superpower Status According To Larry Summers





"This past month may be remembered as the moment the United States lost its role as the underwriter of the global economic system... With US commitments unhonoured and US-backed policies blocking the kinds of finance other countries want to provide or receive through the existing institutions, the way was clear for China to establish the Asian Infrastructure Investment Bank," the former Treasury Secretary says, in a sharp rebuke of US foreign policy.

 
Tyler Durden's picture

We've Never Seen This Before In The Gold Market





It might prove to be a one-off. But one group in the gold industry this week forged ahead with a unique strategy - which might just change the market. The group is India’s largest jewellery-maker, Rajesh Exports. Which said that it is taking an unusual step in securing gold supply for its operations. Buying gold mines.

 
Tyler Durden's picture

Why From China's Biggest Bear, Hugh Hendry Became One Of Its Biggest Bulls





Considering that Chinese equities are the best performing market in USD terms (second only, oddly enough, to Russia) in 2015, one can see why after a disappointing 2012 and 2013, and modest 2014, Hendry has hit 2015 out of the park with a bang, generating a 10.6% return in the first two monthes of the year. So is Hendry still bullish on China's stock market prospects?  Why yes, and then some. But is he is contrarian just for the sake of being contrarian? Does he see something in China that nobody else does? Or is he simply right... or wrong, as the case may be? We will let readers decide.

 
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