Next Monday Morning: OMyGodi-ji Moment of India
Now it's Friday Night Party Time for India's Media, Bankers, Stock Brokers.. while in New York their US counterparts are feeling the heat of Recession.
Dollar Index keeps on rising, Crude and Stock Markets tumbled.. but even the most US-lover Indian is at best watching CNN and BBC, who are more keen on what files are found in Trump's resort.
The Bidenite Media will not cover the Recession, not on Italian Election Weekend and "India's Intellectuals" will not know that another fierce round of Gapdown opening await them on Monday..
Rupee of India surely will have another "Historic Low Opening" .. these are as sure as stuff written on Stone.
Although Brent Crude will close at 85/86 USD tonight, Fuel prices are not coming down in India. Same retail price of Petrol and Diesel as they were, when Crude were well over 100 US$.
Why Petrol prices go up when Crude goes up, but never fall when Crude prices fall, the "So called Proponents of Free Market" can never tell in India.
Fact Is, although India imports Crude but Most refining are done by one Solitary Private Player, who keeps Political Parties of World's biggest democracy in his Back pocket. Well, at least, the most notable ones.. and the media also, so nobody will tell you that Refiner is still charging refining bills to other Oil Marketing Company , as if crude prices are still at last months level.
So India and Indians will spend the weekend nonchalantly unaware of what to expect next week and especially on Monday, which is also a beginning of a Major Hindu Festival.
Oh My God, Hai Daiya, Oh My Godi-ji will be their response, the newsmakers.. that is.
It's Monday Morning Now, Rupee has fallen to a new low as I warned.
ReplyDeleteIndian Media's Domesticated wild asses are crying "Hocheee, Hocheee" now .
When you can predict NEWS 60 hours before, these should not be NEWs as they have nothing New to offer.