So is Rcom right with its financial accounting or is JSW really understating its debt, well the jury is still out on it. After all the downgrades and allegations of misrepresentation will Veritas not participate in the FLag Telecom IPO (a subsidary of Rcom), or will they not pour money into our markets even after complaining about our under achievement, I am sure they will. I am still of the opinion that there is vested interest behind the veiled threats and direct allegations they have been throwing at us. But having said which, I am skeptical as to why these world class brokerage and credit rating agencies are so desperate in getting us to act. I am not getting into the multi billion dollar question - Is governance in India doing the right thing by doing what they are currently doing. Brokerages do not want to let go of the opportunity to eek out a sizeable returns from the rally fueled by this easy money.īy instigating our Govt and our corporations they are eagerly expecting some positive reaction from our end. I really wish the ideas were a fraction as creative as their names to cheap money. Cheap money will be available over the next few months as all the major central banks across the world throw in few trillion dollars by way of QEs and LTROs and Operation Twists and any other fancy nomenclature they would come up with. Before any of these catastrophe hits the global financial markets these brokerage houses want to make the most of it. That leaves us with some food for thought. With elections slated we can be rest assured that the ticker on the bomb is well timed to explode post the election. It is a ticking time bomb and timer is moments away from explosion. QE*(Sorry lost count of the number) has pushed US's Deficit to GDP ratio to 30% and Debt to GDP ratio to beyond 500%. It was US that set the precedence of this entire act of suppression and they have proved to be masters at that. On the other hand US is an even bigger threat to the global economy.

SO when the relapse is going to hit the global economy is anybody's guess. When the drug loses its ability to fight, the disease would recur and would recur with much greater force than ever before and which is what is playing out in the EURO zone today.

On the contrary it is only being suppressed by an enormous amount of notional money and being cured. Any disease should only be cured and not suppressed. The EURO crisis has shown how a group of eminent economists who are stalwarts at an individual level can be not so eminent when they come together. The global central bank community as a whole has been living in a perpetual state of denial. So the global analyst and investment community does not want to let go of this opportunity and they want to do it before its too late.

So RIS is the only major opportunity available apart from few sporadic opportunities here and there. Brazil is reeling under a sever drought, the biggest it has faced in the past five decades. Now we are left with only BRIS (as C in BRICS already discussed). Japan is going through its own phase of structural bear market and this has been the case for close to two decades now. China is having its own trouble in terms of equity returns with its markets languishing in a very narrow range for what now seems to be an eternity. US markets as usual do not give superlative returns. Euro region is slowing down and not throwing any major investment opportunity. The global economy today is shakier than ever. However there is a common thread that runs across all these - The Great Indian Growth Story. Finally TIME a world renowned news weekly. One of them is S&P the big daddy of global risk rating and analysis, one a famed research firm from Swiss while the other a canadian brokerage house. There is no great evidence either to conclude that these incidents have occurred out of some common animosity.

Money moneymoney money