Every Indian must read the expose on Adani by Hindenburg Research

 Read the Hindenburg Research expose on Gautam Adani, before it's too late.

 

Here is a link to that report, https://hindenburgresearch.com/adani/

 Since Sensex and Nifty both indices now have close links with Adani group of companies, this could plunge Indian Shares Markets to unprecedented levels .

Some of these shell companies that this report mentioned were already exposed by ICIJ, but Indian Media Concluded that those were from his elder brother Vinod .

Now these group of Researchers are from fund management field and they were able to get into inside handling of the funds which are heavily invested in Adani group of companies .. and basically it was discovered that these funds are a front for Gautam Adani himself.  

Just by rotating the same share from one shell companies' fund to another Shell companies' fund, They were able to create more fake value for their shares.  Only a share's chart shows such signs of growth and the Gautam Adani's proximity to India's PM becomes well known, two things happen:

1. Local gullible Fund managers put people's money in them.

2. Local Banks extend the already humongous credit line given to Adani. 

That's how this group has managed over 813% jump in market Capital. Although I have zero sympathy for people who invest in well known crony capitalists like Adani, but a stock market collapse and banking catastrophe would spell doom for all indians.

This report does not mention Modi by name in this con act, but every one knows what Modi does and Adani does are one and the same.

Howdy Fed : Stock Bubble got bigger

 Blame It On The Bot Traders 

Yesterday US Federal Reserve increased Interest Rates to combat hyperinflation, as they were expected to do. But markets are driven by Bots which trade in accordance with market expectations.  So stock market trading bots started buying risky shares and assets with borrowed money.

Actually when interest rates go up, banks have to pay more for such trades, human traders with natural intelligence know that. But the bots have AI, the abnormal pretence of intelligence, their parameters for "Market Expectations" on Interest rates matched , so they bought and are still buying "a hell of a lot" shares.

Let's look at the Fundamentals, shall we, has anything changed?

1. Ukraine War - still Ongoing. 

2. Russian Oil Embargo & Market sanctions- still exist. 

3. Pandemic- still raging in places where stringent testing is ongoing. 

4. China- still under Covid Lockdown and without a trade deal with US or its European proxies. 

5. Crude Oil Price- still over $100.

6. Media - still dumb, under all those layers of makeup . 

No, nothing has changed. Cost of borrowing dollar has increased and Federal Reserve wants you to exercise caution,  that's what "Interest Rate Hike" means. 

If you go with the flow, your hands will be burned , if you are a human that is. Bots have no hands and can't even be burnt. 

So take care humans, this exuberant trade has no legs and don't sit on Bubbles mistaking it for a couch. Corrections will be coming in 24 hours or in 24 days. 

US is heading for recession and perhaps towards end of "Dollar Standard".