The ECRI last week released a report last week on how at this stage a "Double Dip" recession for America was INEVITABLE . I consider the ECRI as a highly reliable and a very efficient source of information. The report goes on the emphasze that now the government can do nothing to avoid this or stop it or fix it. The time to actually do anything about it has long come and gone. (LINK )
The Indian government has also announced it will borrow 53000 cr from the market during the second half of this fiscal year. Against the earlier targeted Rs 1,67,000 crore in October-March, the borrowing will be Rs 2,20,000 crore.( LINK )What does this mean ? This means that the interest rate hikes will continue. So high interest rates, tight liquidity and a slowdown.
Buy above: 4952.64 Targets: 4967.76 - 4985.39 - 5003.05 - 5020.75 Stoploss : 4935.06
Sell below: 4935.06 Targets: 4919.97 - 4902.45 - 4884.95 - 4867.49 Stoploss : 4952.64
The Indian government has also announced it will borrow 53000 cr from the market during the second half of this fiscal year. Against the earlier targeted Rs 1,67,000 crore in October-March, the borrowing will be Rs 2,20,000 crore.( LINK )What does this mean ? This means that the interest rate hikes will continue. So high interest rates, tight liquidity and a slowdown.
Buy above: 4952.64 Targets: 4967.76 - 4985.39 - 5003.05 - 5020.75 Stoploss : 4935.06
Sell below: 4935.06 Targets: 4919.97 - 4902.45 - 4884.95 - 4867.49 Stoploss : 4952.64
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