IIP figure forecasts major shock waves in the economy. Our former finance minister would say it is only some numbers (As he said about Sensex). The fall in intermediate goods production means fundamentals was wavering. The November figures would be better only for Non-durable consumer goods but might not take it to September levels.
IT results of 3rd quarter will be a desaster and many SME's in IT and ITES will be wiped out. Major layoffs are already on the cards. Expect major FII outflow in the 3rd week of January. First Crash (Sensex around 7500 -7800).
February 2nd week (after poor Dec IIP data) second mini crash (Sensex around 6700-7200).
April - May 2009, official acknowledgement of poor Growth (0.6 to 3.2 Max).
I don't want to predict where sensex would be.
I sincerely hope I am wrong this time.
Sunday, December 14, 2008
Monday, December 1, 2008
Lack of truth : Don't buy the 10 terrorist theory
We need the truth from investigative agencies and we are not getting that.The truth is there were more than 10 terrorists. I can prove that:according to the chronology depicted in the ndtv site there were 10 sites (and nobody disputes that).
Now the arithmatic given is, 4 went to Taj, after doing carnage at Leo's. 2 went to Nariman House, 2 went to Oberoi.
That means 4 places and 8 terrorists accounted for. We know there were 2 at CST.
We also know the only CST terrorists moved out,So only they did rest of the firing.
10:15 at Cama hospital
10:30 at Metro Cinema
10:50 at Girgaum chowpatty.
and there they had the final encounter.
Upto this all incidents are accounted for,but we are forgetting the Taxi blast at Ville parle at 9:55 and the incident at Wadi bunder at 10:45.
Therefore it is proved that there had to be more than 10 terrorists.
Bad news is: Are they still free or had they fled to Pakistan.
Please raise your voice against lack of transparency.
Now the arithmatic given is, 4 went to Taj, after doing carnage at Leo's. 2 went to Nariman House, 2 went to Oberoi.
That means 4 places and 8 terrorists accounted for. We know there were 2 at CST.
We also know the only CST terrorists moved out,So only they did rest of the firing.
10:15 at Cama hospital
10:30 at Metro Cinema
10:50 at Girgaum chowpatty.
and there they had the final encounter.
Upto this all incidents are accounted for,but we are forgetting the Taxi blast at Ville parle at 9:55 and the incident at Wadi bunder at 10:45.
Therefore it is proved that there had to be more than 10 terrorists.
Bad news is: Are they still free or had they fled to Pakistan.
Please raise your voice against lack of transparency.
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