Categories
Stock

Stock Analysis: Edelweiss Financial Services

Source: Jana

[gview file=”https://alphaideas.in/wp-content/uploads/2017/01/edelweiss-financial-services.pdf”]

Categories
Chart

Chart: Bitcoin beats all asset classes

Categories
Links

Linkfest: January 05,2017

Some stuff I am reading today morning:

The fastest partnership I’ve ever stuck (LinkedIN)

Meanwhile in India, broken promises (FT)

97% of banned notes set to be back in banks (Mint)

HDFC Bank now cuts rates too (BS)

The end of real estate pre-launch sales (Mint)

Discount brokers steal market share (BL)

Direct Mutual Fund Vs Regular Mutual Fund (FreeFincal)

Looking for the next Amazon (Irrelevant Investor)

Platinum Partners: A massive hedge fund fraud (Bloomberg)

12 “Experts” predict a financial crisis in 2017 (Zero Hedge)

Categories
BookReview

Book Review: A Feast of Vultures

“In India, everyone has a price”

This is the central premise of the book “A Feast of Vultures-The Hidden Business of Democracy in India” by Josy Joseph

The author proves this point by quoting a variety of examples-
-How stenographer R K Dhawan owns a bungalow in posh Delhi’s Jor Bagh

-How Congress typist  Vincent George owns multiple properties

-How Sudhir Choudhrie and Suresh Nanda manipulated defense deals

-How a Army Chief took bribes

-How Naveen Jindal destroyed the environment

-How Mukesh Ambani usurped an orphanage property to build his house and so on.

The most startling revelation in the book is that the author alleges that Jet Airways Boss Naresh Goyal gave a ‘supari’ to the Dawood Ibrahim gang to get rival East West Airlines owner Wahid killed.

Reading this book fills one with despair on how India works-with its middlemen,corruption, ruthless industrialists,rapacious politicians,thieving bureaucrats etc

One flaw in the book is that the author’s leftist,pro-AAP and anti-Modi biases are obvious.Also,the narrative is a bit meandering which could have used a tighter editorial control.

Read this book to know how our country really works

Categories
Observations

New Sheriff in Town

This latest tweet by US President-elect is clear that there is a new sheriff in town-one who believes in “Make in US” and not afraid to bully his way through.

He takes oath on 20th Jan,2017.Here is what he has promised to do on the first day of his office:

Therefore, on the first day of my term of office, my administration will immediately pursue the following six measures to clean up the corruption and special interest collusion in Washington, DC:

* FIRST, propose a Constitutional Amendment to impose term limits on all members of Congress;

* SECOND, a hiring freeze on all federal employees to reduce federal workforce through attrition (exempting military, public safety, and public health);

* THIRD, a requirement that for every new federal regulation, two existing regulations must be eliminated;

* FOURTH, a 5 year-ban on White House and Congressional officials becoming lobbyists after they leave government service;

* SIXTH, a complete ban on foreign lobbyists raising money for American elections.

On the same day, I will begin taking the following 7 actions to protect American workers:

* FIRST, I will announce my intention to renegotiate NAFTA or withdraw from the deal under Article 2205

* SECOND, I will announce our withdrawal from the Trans-Pacific Partnership

* THIRD, I will direct my Secretary of the Treasury to label China a currency manipulator

* FOURTH, I will direct the Secretary of Commerce and U.S. Trade Representative to identify all foreign trading abuses that unfairly impact American workers and direct them to use every tool under American and international law to end those abuses immediately

* SIXTH, lift the Obama-Clinton roadblocks and allow vital energy infrastructure projects, like the Keystone Pipeline, to move forward

* SEVENTH, cancel billions in payments to U.N. climate change programs and use the money to fix America’s water and environmental infrastructure

Additionally, on the first day, I will take the following five actions to restore security and the constitutional rule of law:

* FIRST, cancel every unconstitutional executive action, memorandum and order issued by President Obama

* SECOND, begin the process of selecting a replacement for Justice Scalia from one of the 20 judges on my list, who will uphold and defend the Constitution of the United States

* THIRD, cancel all federal funding to Sanctuary Cities

* FOURTH, begin removing the more than 2 million criminal illegal immigrants from the country and cancel visas to foreign countries that won’t take them back

* FIFTH, suspend immigration from terror-prone regions where vetting cannot safely occur. All vetting of people coming into our country will be considered extreme vetting.