Realistbear Posted July 27, 2010 Share Posted July 27, 2010 http://uk.finance.yahoo.com/news/world-splits-in-two-as-east-tightens-while-west-stays-super-loose-tele-87052158c553.html?x=0 World splits in two as East tightens while West stays super-loose Ambrose Evans-Pritchard, 16:46, Tuesday 27 July 2010 India has raised interest rates and issued a stark warning on inflation dangers, joining China, Brazil, and other tiger economies in concerted moves to tighten policy. The central bank raised its reverse repo rate a half point to 4.5pc, still far below the level of inflation. Food prices have been rising at 16pc. "Inflationary pressures have exacerbated and become generalized. Real (Frankfurt: BJU.F - news) policy rates are not consistent with the strong growth that the economy has been witnessing. It is imperative that we continue to normalise our policy," said the bank, which also raised its repurchase rate a quarter point to 5.75pc. Inflation in those parts which are inflating and deflation where the economy is deflating. The worlds way of correcting the E-W imbalance. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 27, 2010 Share Posted July 27, 2010 (edited) Too much Andrews liver salts? Edited July 27, 2010 by The Masked Tulip Quote Link to comment Share on other sites More sharing options...
Mega Posted July 27, 2010 Share Posted July 27, 2010 The REAL danger:- http://blogs.telegraph.co.uk/finance/jeremywarner/100007025/cameron-needs-to-wake-up-and-smell-the-coffee-on-the-developing-world/ Its NOT Taxes as much as rates, @ some point (Very soon) the cash will flow East.......we will be forced to either:- Print or Rates higher & i don't mean a bit higher..............i mean MUCH higher !!!!! Mike Quote Link to comment Share on other sites More sharing options...
RichB Posted July 27, 2010 Share Posted July 27, 2010 Do I understand right - the countries producing all the tat that keep our inflation rock bottom are heading into serious inflation territory themselves? And we think we can avoid that? Quote Link to comment Share on other sites More sharing options...
Dave Spart Posted July 27, 2010 Share Posted July 27, 2010 Schism. Quote Link to comment Share on other sites More sharing options...
tomwatkins Posted July 27, 2010 Share Posted July 27, 2010 If I never bought another piece of crap from China I wouldn't die. Fact. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted July 27, 2010 Share Posted July 27, 2010 Do I understand right - the countries producing all the tat that keep our inflation rock bottom are heading into serious inflation territory themselves? And we think we can avoid that? You've got to love irony haven't you. Too many people not enough resources, prices are only going to go one way and interest rates won't help. Quote Link to comment Share on other sites More sharing options...
Johnny Storm Posted July 27, 2010 Share Posted July 27, 2010 You've got to love irony haven't you. Too many people not enough resources, prices are only going to go one way and interest rates won't help. War or famine coming in our lifetimes. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted July 27, 2010 Share Posted July 27, 2010 War or famine coming in our lifetimes. The population needs reducing, the only way to achieve this quickly is war, starvation or epidemics. India's population is still expanding, they are stupidly creating a massive timebomb at some point something will happen to reduce it. Quote Link to comment Share on other sites More sharing options...
Compukit UK101 Posted July 27, 2010 Share Posted July 27, 2010 The carry trade heads for India. Perhaps they could call it the curry trade. I'll get me coat ... Quote Link to comment Share on other sites More sharing options...
Fishbone Glover Posted July 27, 2010 Share Posted July 27, 2010 War or famine coming in our lifetimes. Probably both. Either way, it isn't going to be pretty, but it is needed to bring things back into balance, however unpleasant it may be. Quote Link to comment Share on other sites More sharing options...
1888 Posted July 27, 2010 Share Posted July 27, 2010 War or famine coming in our lifetimes. they usually appear as a double act the west has remained rich by always suppressing the 3rd world if it cannot continue to do this financially and materially it will resort to warfare. The problem is that due to Iraq/Afghanistan no one will believe the spin required any more If that great prophet of doom Nostradamus is to be taken seriously (yea yea I know) then according to some it will come in the form of an Atomic explosion in the Aegean sea rogue missile from Iran perhaps (false flag of course) after all Greece is fekked anyway now where did I put that tfh Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted July 27, 2010 Share Posted July 27, 2010 The population needs reducing, the only way to achieve this quickly is war, starvation or epidemics. India's population is still expanding, they are stupidly creating a massive timebomb at some point something will happen to reduce it. you immunising them all with Bill Gates Quote Link to comment Share on other sites More sharing options...
Ben from Dover Posted July 27, 2010 Share Posted July 27, 2010 The population needs reducing, the only way to achieve this quickly is war, starvation or epidemics. India's population is still expanding, they are stupidly creating a massive timebomb at some point something will happen to reduce it. Thing is india is a dynamic capitalist economy with no social protection and very little appitite for revolutionary change or violence against the government. I lived there for a while. Everybody works and works hard. You either compete - or quite literally die on the streets. It is in every way a fantastically / horrifically competitive place. In my view that will solve its problems in the long run. They will either become the most competitive economy in the world and probably the ritchest large country in the long run, or there will be mass starvation. Quote Link to comment Share on other sites More sharing options...
Wario Posted July 27, 2010 Share Posted July 27, 2010 Everybody works and works hard. You either compete - or quite literally die on the streets. It is in every way a fantastically / horrifically competitive place. Aye, that'll be shining bright. Quote Link to comment Share on other sites More sharing options...
Ben from Dover Posted July 27, 2010 Share Posted July 27, 2010 (edited) Aye, that'll be shining bright. When this guy eventually finishes his pipe and runs out of money he will be walking up and down the train line picking up plastic bottles to sell them for scrap so he can eat or seeling chi on the train or stiching t-shirts ect. His English equivalent would be on benefits for life, probably get a council house because his addiction makes him vulnerable and get disability benefit due to the associated mental health problems. during his partying I'm sure he will have had a couple of kids so he would get 25K odd in child tax credits. Think about it, which system will win in the end, their's or ours? If you don't have money there you work or die. It is the harshest form of capitalism but also leads to the most competive salary. The hours people work in offices in mumbai is bizare Edited July 27, 2010 by Ben from Dover Quote Link to comment Share on other sites More sharing options...
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