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Bitcoin surge is classic bubble : Raghuram Rajan

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The economist who correctly predicted the global financial crisis of 2008 believes Bitcoin is the ’classic bubble.
https://www.timesnownews.com/business-economy/c...

Looking at the Sensex, one thinks problems are over. They are just starting
https://economictimes.indiatimes.com/markets/ex...

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ROFL!!! I remember mary meeker.. whats she doing now? cleaning toilets??

https://cdn0.desidime.com/attachments/photos/659769/medium/7310230Err4PTIXUAACL43.jpg?1610639199

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alienteck wrote:

ROFL!!! I remember mary meeker.. whats she doing now? cleaning toilets??

https://cdn0.desidime.com/attachments/photos/659769/medium/7310230Err4PTIXUAACL43.jpg?1610639199

Who’s she? Need to read about this.

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alienteck wrote:

ROFL!!! I remember mary meeker.. whats she doing now? cleaning toilets??

https://cdn0.desidime.com/attachments/photos/659769/medium/7310230Err4PTIXUAACL43.jpg?1610639199

This chart looks sensible  stuck_out_tongue



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the father of modern Indian NPA
the chomu who allowed loan on the phone of bastards

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meragoyou153 wrote:

the father of modern Indian NPA
the chomu who allowed loan on the phone of bastards

ok you are smart than him i think. smile

Hunk Hunk
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Raghuram Rajan is the best RBI Governor I have ever seen. Fantastic dude.

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rohan8397 wrote:

Who’s she? Need to read about this.

Very famous morgan stanley analyst selling snake oil as the next best thing that cures cancer and grows hair and cost only $9999.99….

Greyscale closed their fund for xmas holidays and only reopened yesterday.. You saw what they did though.. The price action speaks loudly and now they own over half a million BTC.. But mary never bought bought anything she touted.. She always wanted others to buy it because she said so.. and many including me got conned good.. I mean someone whos on TV and in magazines and in interviews etc etc would never cheat you would they? Selling like an ISP, remember US telecos can be small companies nothing like india jio idea voda etc.. Anyone can start one like the local cable vallas.. One was called Island and the stock hit $500 each.. Imagine your local cable vallah being worth $1000 Million..

BTC as not gone vertical.. Once it jumps a few k near $50k it will fly to $100k+ and that would be the time to sell.. BTC already corrected from like $43k to $30k.. and now back to $40k all in 3 days.. Just in the last month 1 million BTC disappeared into hidden wallets.. Last time this happened was when they scared people into selling by dropping the price from $10k to $4k in less than a day..

Whats very surprising is, a lot of people around the world buy a small amount of BTC, you can even use paypal to buy it.. The major buyers are americans both corporations and people with a LOT of money…. I am very very surprised about this.. major sellers are asians.. cheap.. very cheap… but we already knew that..

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typhoon wrote:

ok you are smart than him i think. smile

but #pappu is more intelligent than this chomu
that what I am out of contention
the brook said abolish MSP in 2012
reform agri
but now his master bark so he has to lick his words

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the crook just before Modi 2014
allowed with lungi ( game mai gobhi to earn rs 3 cr )
allowed 80:20 gold scheme

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alienteck wrote:

Very famous morgan stanley analyst selling snake oil as the next best thing that cures cancer and grows hair and cost only $9999.99….

Greyscale closed their fund for xmas holidays and only reopened yesterday.. You saw what they did though.. The price action speaks loudly and now they own over half a million BTC.. But mary never bought bought anything she touted.. She always wanted others to buy it because she said so.. and many including me got conned good.. I mean someone whos on TV and in magazines and in interviews etc etc would never cheat you would they? Selling like an ISP, remember US telecos can be small companies nothing like india jio idea voda etc.. Anyone can start one like the local cable vallas.. One was called Island and the stock hit $500 each.. Imagine your local cable vallah being worth $1000 Million..

BTC as not gone vertical.. Once it jumps a few k near $50k it will fly to $100k+ and that would be the time to sell.. BTC already corrected from like $43k to $30k.. and now back to $40k all in 3 days.. Just in the last month 1 million BTC disappeared into hidden wallets.. Last time this happened was when they scared people into selling by dropping the price from $10k to $4k in less than a day..

Whats very surprising is, a lot of people around the world buy a small amount of BTC, you can even use paypal to buy it.. The major buyers are americans both corporations and people with a LOT of money…. I am very very surprised about this.. major sellers are asians.. cheap.. very cheap… but we already knew that..

People ll be trapped in it. That happens. 🙂🙂🙂
I will move beyond being just a critic. 40k become 80k that’s 100%, n 40k become 100k that’s 150% returns. That’s why it is looking unappealing to me. But in equity there is still huge potential of getting similar or even better returns. Ex: Repco. But we will see.

Thumb rule is, when everyone is saying no no, you say yes. And when everyone is going Gaga over something then you say no. That’s true for equity too. A wise decision would be to be able to short n take some money home at appropriate time. 🙂🙂🙂

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India being a closed economy, people are ignorant about anything outside their village. The US to counter China has pumped massive amounts of money into India whose economy is contracting drastically. Hence stocks go up of companies making less and less as time goes by. Now that an indian is VP of the US they might pump even more knowing it is th eonly way to keep it afloat since the Chinese market will not be as welcoming. When the US implodes India will be in front of it. Indians even stopped buying Gold.. Its only value is also only for central banks as collateral in international settlement and not worth it for individuals but it is after all something tangeable that they can not easily take away like for example soverign Gold bonds and such nonsense. Imagine trying to carry about 100kg’s of the stuff through places..Banks are not safe.. We just had HSBC say they will freeze accounts of people who dont wear a mask.. Many countries now have laws to take funds from accounts for a variety of reasons.. India already started on it by using GPS tracing to deduct funds directly from accounts as Toll charges.. Next will be charges for a great many other ailments like jock itch cream for Raghuram..

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bikidas2060 wrote:

Raghuram Rajan is the best RBI Governor I have ever seen. Fantastic dude.

Aisa kya karke gaye ?

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The only BTC I know : Betic**d

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This todays/yesterday run looks like a bull trap to me, for a good correction it has to go below 30k.

Hunk Hunk
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titamazon wrote:

No i m serious, can u enlighten me what he did which was fantastic.

First installment of your entitlement
https://www.financialexpress.com/industry/banki...
Rest you have to Google it. Such a good guy n such an ungrateful nation. Modi did a lot of good things at a cost of weakening core of our finance department with an IAS puppet n Sitharaman, to whom market reacts with a red candle, everytime she decides to appear. RBI needs capable people like him only. Puppets won’t do any good.

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bikidas2060 wrote:

First installment of your entitlement
https://www.financialexpress.com/industry/banki...
Rest you have to Google it. Such a good guy n such an ungrateful nation. Modi did a lot of good things at a cost of weakening core of our finance department with an IAS puppet n Sitharaman, to whom market reacts with a red candle, everytime she decides to appear. RBI needs capable people like him only. Puppets won’t do any good.

“cost of weakening core of our finance department” – can you focus any point?

In time of MMS and Ragu, many defence project were scraped or even no new started.
that time defence minister literally once said that Govt don’t have money to get defence equipment. both were great economist then why India was not able to maintain stable growth? even Modi and Das was also able to get 7-8% growth for some years before Covid.

After 2014, World’s largest government healthcare program started, enough fund given for defence, militry persons are getting good facility including air commute. poor and farmer getting direct Cash in acconut and ther are many more. Ayodhya issue solved, Kashmir now became India’s part, Villeges are being connected with good roads and Electricity connectivity provided faster than before. semi-high speed rail and high speed rail projects. and many more… If Govt not performaning well after 2014, from were money coming for big projects? It need lakh of crores.
even though Ragu and MMS is great?

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Par_ wrote:

“cost of weakening core of our finance department” – can you focus any point?

In time of MMS and Ragu, many defence project were scraped or even no new started.
that time defence minister literally once said that Govt don’t have money to get defence equipment. both were great economist then why India was not able to maintain stable growth? even Modi and Das was also able to get 7-8% growth for some years before Covid.

After 2014, World’s largest government healthcare program started, enough fund given for defence, militry persons are getting good facility including air commute. poor and farmer getting direct Cash in acconut and ther are many more. Ayodhya issue solved, Kashmir now became India’s part, Villeges are being connected with good roads and Electricity connectivity provided faster than before. semi-high speed rail and high speed rail projects. and many more… If Govt not performaning well after 2014, from were money coming for big projects? It need lakh of crores.
even though Ragu and MMS is great?

Raghuram opposed demonetization decision and that’s why he had leave his post. 😂😂 Even Urjit bhai awoke a bit later. Now we had to see Tamasha of Shaktikant n Sitharaman who don’t have any background in finance. Bhau, at one point Modi + Raghu duo were highly praised. Everything is alright, but demonetization decision was extremely stupid n rash of Modi’s. Can’t support blindly anyone.
Raghuram n MMS will remain one of the finest RBI Governors in history of India. Nothing can tarnish their image. 🙂🙂🙂

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titamazon wrote:

No i m serious, can u enlighten me what he did which was fantastic.

Dude did his PhD from MIT, taught in American universities, is a board member of several financial committees so he is clearly more knowledgeable than the current fm who also was the defense minister earlier.
About what he did, he couldn’t do much because of politics here. Party A or Party B all are after vote banks.
Bhakts attack in 5 4 3 2 1

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billubakra wrote:

Dude did his PhD from MIT, taught in American universities, is a board member of several financial committees so he is clearly more knowledgeable than the current fm who also was the defense minister earlier.
About what he did, he couldn’t do much because of politics here. Party A or Party B all are after vote banks.
Bhakts attack in 5 4 3 2 1

Modi koi decision leta hai to kya Talve Chatu log attack nahi karte?
Article 370 etc par chatu log kitan chillae the…
If top team wants to implement something, they have power else degrees are useless for Ragu’s or Manmohan’s…

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bikidas2060 wrote:

Raghuram opposed demonetization decision and that’s why he had leave his post. 😂😂 Even Urjit bhai awoke a bit later. Now we had to see Tamasha of Shaktikant n Sitharaman who don’t have any background in finance. Bhau, at one point Modi + Raghu duo were highly praised. Everything is alright, but demonetization decision was extremely stupid n rash of Modi’s. Can’t support blindly anyone.
Raghuram n MMS will remain one of the finest RBI Governors in history of India. Nothing can tarnish their image. 🙂🙂🙂

both economist were great then why not able to maintain stable economy growth ? that is the point.
just because of having big degrees make them great?

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Par_ wrote:

both economist were great then why not able to maintain stable economy growth ? that is the point.
just because of having big degrees make them great?

You are saying, one doesn’t require knowledge to run the nation!!! Their pioneering achievements will continue to light the world.
To be top class nation, India will require worthy sons like Raghuram, Urjit and MMS. Sashikant, Nirmal like people gonna drag India.
Both economists maintained stable economy when they were in their appropriate positions.

“I do not minimise the difficulties that lie ahead on the long and arduous journey on which we have embarked. But as Victor Hugo once said, “no power on earth can stop an idea whose time has come.” I suggest to this august House that the emergence of India as a major economic power in the world happens to be one such idea. Let the whole world hear it loud and clear. India is now wide awake. We shall prevail. We shall overcome.” This impassioned speech made by Dr Manmohan Singh as the Finance Minister while introducing the Budget of 1991 is a trademark to the changing fortunes of the Indian Economy, which at the time was almost near bankruptcy.

Read more at: https://yourstory.com/2016/09/manmohan-singh-ec...

Bhai, if we need to know what these men have done to our countries, we need to Google more. There are plethora of articles written by far greater human beings than commoners like me.

Rajan lagged because of lack of support from Modi Govt. MMS succeeded because of synergy among PM, FM, RBI Gov and other people. I am appalled by the fact that Modi Govt has installed intellectually incapable people at important places. It will only drag our ship backwards.

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Par_ wrote:

Modi koi decision leta hai to kya Talve Chatu log attack nahi karte?
Article 370 etc par chatu log kitan chillae the…
If top team wants to implement something, they have power else degrees are useless for Ragu’s or Manmohan’s…

Well that didn’t take long. Aur zor se bol bhai sabhi ku sun na chahiye.

Jor se bolo
JAI MATA DI

@guest_999 dekh le bhai haal janta ke.

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billubakra wrote:

Dude did his PhD from MIT, taught in American universities, is a board member of several financial committees so he is clearly more knowledgeable than the current fm who also was the defense minister earlier.
About what he did, he couldn’t do much because of politics here. Party A or Party B all are after vote banks.
Bhakts attack in 5 4 3 2 1

Bro u cant conpare with a beurocrate with a politician.

I am ok with other point.

Hunk Hunk
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billubakra wrote:

Dude did his PhD from MIT, taught in American universities, is a board member of several financial committees so he is clearly more knowledgeable than the current fm who also was the defense minister earlier.
About what he did, he couldn’t do much because of politics here. Party A or Party B all are after vote banks.
Bhakts attack in 5 4 3 2 1

Bhakt is a word to describe followers of God in Santana Dharma. Don’t ruin that word.
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bikidas2060 wrote:
Bhakt is a word to describe followers of God in Santana Dharma. Don’t ruin that word.
sunglasses We need to find a new name soon , suggest one !
Missing