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Nifty View - August Series 2013 |
welgro
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Post: #526  Posted: Thu Aug 22, 2013 9:02 am Post subject: |
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rk_a2003
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| Post: #527 Posted: Thu Aug 22, 2013 9:11 am Post subject: |
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Rupee hit 65......so fast.  |
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vinay28
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| Post: #528 Posted: Thu Aug 22, 2013 9:13 am Post subject: |
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I want beer to be cheaper than petrol, onion or INR.  |
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pkholla
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| Post: #529 Posted: Thu Aug 22, 2013 9:42 am Post subject: |
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| vinay28 wrote: | | I want beer to be cheaper than petrol, onion or INR. |
Not in Karnataka! New Congress Govt has started usual price distortion by offering the poor Re1 /kg rice (which they need to stand in Q for 2 days to get) and squeezed Rs 5000 cr / year MORE from liquor incl. beer. Sense will prevail only when 50 die in hooch tragedy by consuming illicit liquor made from rotting fruit/ jaggery/ rat poison
Cheers, Prakash Holla |
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pkholla
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| Post: #530 Posted: Thu Aug 22, 2013 10:09 am Post subject: |
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When Money Dies: Adam Fergusson, 1088 KB: A powerful book about the Weimar Republic, circa 1923, when the German Mark daily lost 10% or more of its value. People were pushing wheel barrows filled with notes to buy bread etc. One of the last notes printed was 50 bn in value, I think. A smart man offered US$ 10 note for restaurant bill. By the time his meal ended, the Mark had collapsed 5% and he got his note back + some change! This led to Hitler and the SS
Are the UPA heading in the same direction with their stupid, senseless spending, controls and policies?
Jai Hind, Prakash Holla |
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vinay28
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| Post: #531 Posted: Thu Aug 22, 2013 10:17 am Post subject: |
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| Rumour that limit on FII's debt removed. I think FIIs will bring this govt to its knees and get what they want. |
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vinay28
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| Post: #532 Posted: Thu Aug 22, 2013 10:20 am Post subject: |
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| pkholla wrote: | | A smart man offered US$ 10 note for restaurant bill. By the time his meal ended, the Mark had collapsed 5% and he got his note back + some change! |
even if mark fell, he still has to pay for the bill. so how will he get his note back? bill can not become -ve in dollar terms? |
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #533 Posted: Thu Aug 22, 2013 10:23 am Post subject: |
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| vinay28 wrote: | | Rumour that limit on FII's debt removed. I think FIIs will bring this govt to its knees and get what they want. |
They can even bring Govt to "Sashtanga Namaskar" |
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rk_a2003
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| Post: #534 Posted: Thu Aug 22, 2013 10:35 am Post subject: |
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| rk_a2003 wrote: | | As of now $ index is moving high hoping for a tapering announcement.If the same trend continues expect a gap up of rupee against $ tomorrow and need not say what happens to Index.How ever there could be a recovery at second half. |
It appears that the move will be other way round. |
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pkholla
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Joined: 04 Nov 2010
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| Post: #535 Posted: Thu Aug 22, 2013 10:37 am Post subject: |
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| vinay28 wrote: | | pkholla wrote: | | A smart man offered US$ 10 note for restaurant bill. By the time his meal ended, the Mark had collapsed 5% and he got his note back + some change! |
even if mark fell, he still has to pay for the bill. so how will he get his note back? bill can not become -ve in dollar terms? |
He gave $ 10 bill saying take cost of meal and return change OK?:
Assume $ 10 = 1,000,000 R marks
End of meal $10 = 1,050,000 R marks
Meal cost = 10,000 R marks
From where a hotel owner will give 1,040,000 R marks change? If he waits till next morning, $ may have become 5% even more costly! He said take back $10 and here is 5000 marks extra, go away!
Remember this was hyper inflation, only seen in war, end of war and UPA Government regime |
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vinay28
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| Post: #536 Posted: Thu Aug 22, 2013 10:47 am Post subject: |
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| pkholla wrote: | | vinay28 wrote: | | pkholla wrote: | | A smart man offered US$ 10 note for restaurant bill. By the time his meal ended, the Mark had collapsed 5% and he got his note back + some change! |
even if mark fell, he still has to pay for the bill. so how will he get his note back? bill can not become -ve in dollar terms? |
He gave $ 10 bill saying take cost of meal and return change OK?:
Assume $ 10 = 1,000,000 R marks
End of meal $10 = 1,050,000 R marks
Meal cost = 10,000 R marks
From where a hotel owner will give 1,040,000 R marks change? If he waits till next morning, $ may have become 5% even more costly! He said take back $10 and here is 5000 marks extra, go away!
Remember this was hyper inflation, only seen in war, end of war and UPA Government regime |
oh,  ok ok, so hotel owner did him a favour. |
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saurabhkurichh
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Joined: 30 Oct 2006
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| Post: #537 Posted: Thu Aug 22, 2013 10:48 am Post subject: |
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nice discussion going on ....
jokes apart .. even in wildest dreams do not want that to happen in INDIA |
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vinay28
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| Post: #538 Posted: Thu Aug 22, 2013 10:52 am Post subject: |
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| saurabhkurichh wrote: | | ...... even in wildest dreams do not want that to happen in INDIA |
not as long as most of our output is consumed domestically. Instead of screaming about our population problem, they call it demographic advantage and we happily agree with them.
If petro dollar crashes, it could happen in US. |
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saurabhkurichh
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Joined: 30 Oct 2006
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| Post: #539 Posted: Thu Aug 22, 2013 11:04 am Post subject: |
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| bank nifty again !!!!! |
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #540 Posted: Thu Aug 22, 2013 11:06 am Post subject: |
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| vinay28 wrote: | | saurabhkurichh wrote: | | ...... even in wildest dreams do not want that to happen in INDIA |
not as long as most of our output is consumed domestically. Instead of screaming about our population problem, they call it demographic advantage and we happily agree with them.
If petro dollar crashes, it could happen in US. |
It could have happend during QE's it self.They are managing it with their Military might.
There is no rationale in crashing of emerging market currencies.US induced trillions of $ during QE's just by printing them, during that time E.M currencies moved up a little.
When FED started talking about just tapering all of them tanking like mad. What happened to the trillions of $ printed and induced in to the market.It's the outcome of over dependance of global economy on US $.
All funny things happening.THE WORLD IS UPSIDE DOWN.The need of the hour is to make it right.
Last edited by rk_a2003 on Thu Aug 22, 2013 11:25 am; edited 2 times in total |
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