India

Nomi Prins' Political-Financial Road Map For 2017

Today, the only thing keeping a lid on financial calamity is epic amounts of artisanal money. Deregulating an inherently corrupt and coddled banking industry, already floating on said capital assistance, would inevitably cause another crisis during Trump’s first term.

After Getting Almost Nothing Right In 2016, Here Are Byron Wien's "Ten Surprises" For 2017

After incorrectly predicting virtually every "surprise" for 2016 one year ago, the bulls better beware because in Byron Wien's list of "ten surprises" for 2017, the 83-year-old Blackstoner has turned decidedly bullish this time, and expects the S&P to surge to 2,500 while the US economy grows at a brisk 3%. With that, he may have just doomed any hope for a non-recession in 2017.

A Biased 2017 Forecast, Part 2

"Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance."

Kunstler: 2017 Is When The Wheels Finally Come Off

The American people have been punked by their own government and their central bank, the Federal Reserve, for years and the jig is now up. In 2017 both will lose their authority and legitimacy, a very grave matter for the survival of this republic.

As Cash Shortage Leads To Manufacturing Contraction, Economic Shockwaves, Indian Banks Slash Interest Rates

Indian banks announced sharp cuts to their lending rates after a recent surge in deposits, raising hopes that lower borrowing costs will help spark credit growth in Asia's third-largest economy, at the same time as the December PMI survey showed the first contraction in India's manufacturing sector in one year, raising doubts about the world's fastest growing economy.

Bitcoin Surges Above $1,000 As China Unveils New Capital Controls

Chinese demand for bitcoin overnight finally proved too great, and US markets had no choice but to arb the difference. So with Bitcoin trading in China at an implied price of over $1,050 at this moment, the digital currency finally soared above $1,000 in the US as well, trading just around $1,024 on Coinbase as of this moment.

India - A Lot Of Pain For No Gain

Who needs reality when we can exist in illusions? In Modi’s imagination, if you are not a part of the formal economy - as is the case with the vast majority of desperately poor Indians, perhaps close to a billion people - you don’t count.