Durudarshan - Investment Analysis - Honest Information, Profitable Trading
My Blog

Ratings and Opinions

The U.K. Chancellor's Budget

The first day of Spring, and a spritely Budget from Chancellor George Osborne.
 
If the facts and figures given by the Chancellor are true, as of course they must be, then the Budget statement augers well for the U.K. economy in the coming months and years.  It was blazoned as the Aspiratiion Nation Budget, for those who aspire to achieve through hard work and benefit from the government's policies for those who do something for themselves, in a fiercely competitive global environment where jobs can be re-located anywhere. 
 
"All Western nations live in very economically challenging times", said the Chancellor. Yet, British exports to Brazil, China and India are up by two-thirds.
 
Unemployment has been down since the coalition government came in.  For every one job lost in the public sector, six new jobs have been created in the private sector, thanks to the government policies to encouraging job creation and enterprise.
 
This government is reducing borrowing, and helping the nation live within its means.  "The Labour government borrowed £159 billion in its last year in office.  By comparison, this government has borrowed £114 billion last year."  Project figures for the years ahead are on a similar note.  Less and less borrowing each year, reducing as a ratio of GDP.  Which would ensure continuing low interst rates, I guess, and a stable environment for growth. 
 
In this regard, "unconventional monetary tools" would be deployed.  I imagine a trans-Atlantic influence when the new Bank of England boss Mark Carney takes over.  Some indication of the new tools will become clear in June.
 
Government departments are to spend £11 billion less this year.  "The year end rush to spend whatever is remaining in the kitty has to stop".  This seems a sound policy, to curb extra extra ordinary spending before 5th April each year which used to be the tradition.  In hard times, it is essential to use money wisely.
 
On the more positive side, an additional £130 billion will be available from April 2014 under the Mortgage Guarantee Scheme that will enable people buy a house (old or new) under the Help to Buy scheme.  And the Right to Buy Scheme is to be extended, so people can buy their council houses.
An additional 15,000 new Affordable Houses are to be built, and this will certainly bring cheer to many, many people. 
 
This was a brilliant Budget, delivered by a Chancellor who is very much in touch with the aspirations of the people, in a fiercely competitive global environment.  He commends it to the people, and his dropping of the 2p extra on beer is something people can cheer with.
 
There are other good measures in this Budget, which I will write up later.
 
Kind regards,
Duru-darshan.
 
 
 
 
 
 

India's 14th 5year Budget

Both the Sensex and Nifty have drifted downwards, at the Budget announced by Finance Minister Chidambaram, which allocates increased expenditure by 19 percent to 2014, with a good measure for defense spending as well as additional provisions for Food Secuirty as well as additional provisions for Mid day meals. 
 
It is a Budget that has at least averted the sovereign debt downgrade, although such a downgrade would have been questionable in view of the fact that the debt to GDP is a golden 5.3 percent, making India worthy of a Golden AAA rating, in my view.
 
The good news for the middle class is that for first time buyers, there is a tax rebate of upto 1 lakh on house purchases upto 25 lakhs.  This will put more people on the ladder to house ownership, and provided the economy remains robust, should give a boost to the housing sector.  Demand for housing is of course at a high.  In this regard, a favourable proposal to create a Women's Bank is an Indian first, which will empower women entrepreneurs, and will certainly be the segment to invest in, as women's prudence, thrift and enterprise is a legend.  So, well done to the authorities for creating this dedicated segment for women's empowerment.
 
Cigerettes, liquor, imported cars, bikes and mobile (cell) phones above 2,000 Rupees are going to incur additional taxation, and those who eat in the more UMC air-conditioned restaurants are also likely to pay additional taxes.  There will be a surchage of 10 percent on incomes over 1 Crore, and those lucky people will have to fork that out for only one year.  Imported cars will become kudos, attracting additional taxation, but those who can afford will not be put off from purchasing such luxuries.
 
It seems a good sensible Budget, although the opposition have called it dull, boring and unimaginative.  Indeed the Chief Minister of Uttrakhand says it is a budget that is anti-poor. and makes no or scant provision for the Scheduled Castes and Scheduled Tribes.  It is apparent that the government will have to focus on this segment, and ensure that in a spirit of equality and inclusion, some extraordinary provisions are to be made for these segments, to propel improvements for all, starting from the lowest upwards.
 
A nineteen percent increase in expenditure over the next year leading to the 2014 election will ensure a renewed growth, and if fairly implemented, this Budget will definitely lift the doom and gloom that has so far weighed on the Indian markets.  This is a great positive Budget for growth, and the Finance Minister deserves congratulations.
 
Kind regards,
Duru-darshan.
 

Bailouts and the Fiscal Cliff

As Spain gets ready to receive its bailout package of 39.5 Billion on the 12th, the markets are wondering who will next ask for a bailout?  Could it be Ireland, Cyprus, Portugal....?
 
Originally I thought Italy would be next in line, but Signor Silvio Berlusconi's announcement that he's withdrawing support for Premier Mario Monti and thinking of standing again for the Premiership has caused upset in the Italian stockmarket.  Today, it has gone down 3.5 percent upon hearing that Mario Monti, the technocrat Prime Minister who has helped Italy steer a steady course in recent months, is considering resigning if his support is withdrawn.  The yields on Italian bonds have started to go up.  How patriotic would it be for Signor Berlusconi to come back centre stage now?  It would be more patriotic in my view for Signor Berlusconi to support Premier Monti's government.
 
The debacle in Misratta and the aftermath, when bond yields just shot up and have had to be hoisted down, is something that will come back to peoples' memories.  It is an episode not worth repeating.  As Italy makes steady headway to Recovery, the greatest act of patriotism would be for the Signor to back the Premier, and the Premier to stay on, confident in the belief that he is steering the right course of action, and without him his country will become rudderless. 
 
Activity from Lisbon suggests Portugal is also hoping for a bailout, as is Ireland, and as is Cyprus.  They probably could do with about 10 Billion for a year each, to lay further foundations for Recovery. 
 
Superstorm Sandy dealt the U.S. a savage blow, right in the middle of the Presidential election.  Hoboken, Staten Island, Lower Manhattan were all badly flooded, and the announcement of 240 Billion of rebuilding by the government and insurance funds must be a morale booster. 
 
A solution to the U.S. fiscal cliff scenario is the issuance of an additional trillion over the course of the next year.  Some commentators are suggesting a figure of $45 Billion per month for buying government securities, in addition to the $40 billion MBS already announced.  I reckon a figure of $60 billion per month for purchase of government securities would be more comfortable, making a total of 1.2 trillion for the year. 
 
Hearing that millionaire households have had to go on food stamps and that the swing voters were affected by Obamacare and the social security net, is a sobering thought. 
 
The U.S. seems on a sound, expansion phase, and amicable agreement on the course of action regarding the fiscal ledger entries and creation of many more jobs per million of investment, will ensure the framework for a continued worldwide Recovery, as all nations manufacture and consume and trade and develop and grow.  As Swami Vivekanada once remarked "Never underestimate the glory of human nature".  And so it shall always be, the outlook for the world remains positive and optimistic.
 
Kind regards,
Duru-darshan.

The Chancellor's Autumn Statement

Chancellor George Osborne has announced a Statement of measures to be implemented over the course of next year, and his message has been, overall, favourably received. 
 
The stockmarket has gone up, business owners are pleased at the capital expenditure allowances which will enable investment and growth with up-to-date technology, and avoidance of the proposed 3p fuel duty altogether has sent up a cheer. 
 
Working families on the whole will be better off, and those on benefits will not be hard done by, with increases in benefits of one percent. 
 
The proposed measures will help growth. 
 
The studious remarks of the Opposition, when noted and acted upon, would obviously create further growth.  The banks are said not to give their managers 'discretionary' powers in granting loans; this is something that can be corrected, and would introduce capital into the local communities, especially the small shops and traders and restaurants and pubs.  It could revive a lot of businesses as the nation gets into a mood of growth.  With the 1 percent GDP increase last quarter (after three quarters of mini falls, causing a 'double dip' of a puddle variety) confidence seems clearly to be returning.  Even casual observation of people shopping in Romford or Ilford or Green Street, Upton Park, suggests that.
 
The People's  Bank with an injection of a Billion Pounds has been long awaited.  If it actually backs entrepreneurs to scale up and invest in films, music, arts, culture, crafts, and such enterprises, people will say that not only does Britain have talent, it is finding expression and fulfillment too.  That would have a good impact for job creation for youngsters, I believe.
 
The Chancellor's words are a stimulus to growth.  What more could Britain ask for?
 
Kind regards,
Duru-darshan.
 

Just a little negative sentiment in the air...

There seems to be just a touch of negative sentiment in the air, which, together with profit-taking, have sent the markets heading down. 
 
First, the positives:  No matter who wins the U.S. election, the markets will go up.  That seems to be the sentiment, confirmed by David Blitzer of Standard and Poors.  Same sentiment was being expressed by Chief Analyst of Piper Jaffray some while ago, based on research into U.S. Presidential election years.
 
If Mitt Romney wins, then there's a "hoard of cash waiting to go into the markets" according to David Blitzer. 
 
The economic data out of China suggested a soft landing, a happy picture, with the indicators moving upwards currently, meaning a saucer shaped upturn.  The official China economist smiled benignly as he realeased this information.
 
Some people conjure up the negatives, with reference in the press and media to the Black Monday that happened 25 years ago.  Well, the power lines are clear, communications to brokers have not broken or anything, you can still get pretty full coverage of news on TV and Internet, and the weather....well, it is mild.  Some market participants would be happy for some Black Swan event, then their short bets would make a lot of money.  It may or may not happen, I don't have a crystal ball, nor have I taken any position in the market, so I do not win or lose either way.
 
However, it is my belief that the DOW will head upwards, possibly heading for 13,700 plus towards the end of this month.  Based on the natural trajectory to 15,000 by the end of the year, I start to believe Mitt Romney will win.  I know it sounds absurd to say it like this, but markets and their likely technical movements most often foretell even natural events such as rivers flooding or earthquakes or tsunamis.
On the other hand, even perfect formation on the Ichimoku charts have been known to fail, such as happened at the time of the Fukushima disaster. 
 
All in all, I believe in the positive picture, and the markets and the weather will probably reassure us all next week.  I hope so anyway.
 
Kind regards,
Duru-darshan.
 
RSS

Recent Posts

India's "demonitsation" could have a flaw
Donald Trump will be a good great President
The Euro unification of currency and philosophy has thrown up its own challenges
The Japanese stimulus may do wonders for the world.
I believe Japan should be cutting the Stimulus

Most Popular Posts

India's "demonitsation" could have a flaw
Donald Trump will be a good great President
The Euro unification of currency and philosophy has thrown up its own challenges
The Japanese stimulus may do wonders for the world.
I believe Japan should be cutting the Stimulus

Categories

"I know for a certainty that He is coming back"
"Where there is peace, there will be prosperity".
#Business Show, Excel, 18th May (today) Docklands.
1st E-Mail Campaign
A 385 Billion Euro Plan for Greece - the Jucker Plan
A crunch point for Greece and the Euro Area.
A 'damage limitation' excercise after Brexit.
A further pierod of economic Recovery in the Euro Area,and Europe.
A method to help Swollen legs
A sensible arrangement with Greece would be best
A stockmarket correction before resumption of the bull trend?
Abenomics, Mr Kuroda.
Accomodative Stance.
Acts of Nature
After the bitter pill, good times ahead for Greece?
Ah so....Mr Abe's economic stimulus, authorized by Guvnor Kuroda.
app.brandwatch.com
Appeal for peace and help for Ukraine
Ayurveda - Jobs in voluntary sector
Bangladesh building collapse
Bank of England rate unlikely to be raised just yet...
Baptism to be born-again.
Basil leaves tea.... for reducing diabetes, soothing cancer
Batman, comic books, turn ons.
Best in the Industry
Bhopal
Branding
Brexit - a lesson for positive changes?
Brexit? Oh no, I believe it would be a bad idea.
British Airways - lost property - missingx.com
Budget for the Enterprise culture.
Burma - Nobel Laureate Aung Sang Suu Kyi
Business Show, Olympia 22-23 Nov London
Can Dr Yellen delay hiking the rate for some time?
Cheers to the pre Christmas spirit
Children dying of measles in Larkana, Sindh.
China - positive signs
China is still very rosy, with re-focus of the economy
Chinese stockmarket fall
Church of Jesus Christ of Latter-Day Saints
Cinema
Clarity will help the Euro develop into a strong Reserve Currency.
Climate Change, make furniture
Climate change? Unseasonally warm
Continuation of Recovery.
Co-operative Enterprises
Corporaate Social Responsibility
Corrections : CBoC rate and Stephanie Ruhle
Could Mr Kuroda taper the Stimulus?
Creating employment, the challenge facing Europe
Credit Easing
Cultural harmony
Cyberattack? or just some hiccup?
Cycles and the stockmarket
Debate about the £26,000 benefits cap.
Debt Ceiling
Debt Ceiling II
DEmonitisation may have a flaw
Detroit
Developments in Orissa, Bengal, Meghalaya
Diamond Jubilee and Olympics
Diamond Jubilee Year and Paralympics
Divine Guidance
Do you care about the young doctors?
Donald Trump shall be a good great President
Donald Trump would be good for a King, but not as President
Drink a Pinta Milk a day.
Drought, and shortage of drinking water, in India.
Durudarshan for Prime Minister of India, May 2014
Durudarshan.co.uk/blog
durudarshanco-21
E.C.B. Stimulus
ECB 20 Billion additional stimulus,
ECB Stimulus
Egypt
Eike Batista, 10th Richest Man in the World.
Elan Musk
Enhanced ECB Stimulus would be an Act of Faith.
Euro
Euromillion Lottery Winners
Europe hopes Britain will remain In.
Eurozone
Exciting times ahead for the world economy.
Expansion the key, to avoid recession in midst of plenty.
Extended Stimulus by the E.C.B. and a 10 basis point cut seems good news.
Facebook - my blogs on Facebook
Fathers Day - some heartwarming words
Football Clubs
France, Germany, Brazil, India, Russia.....greetings!
Free Money and grants for U.S. citizens.
From Recovery to Prosperity
Frozen shoulder
Further peace, lessen war and conflicts.
G8 Summit
Georgia, Tbilisi
Gifts...for Christmas and all year round
Go ahead, ask the banks for a business loan.
Good days ahead for India, with the Acheh din Budget.
Good evening, Greek friends....
Good times ahead
GoodshowTradingLtd.com
Greece
Greece - an act of faith is necessary
Greece - In or Out of the Euro system?
Greek Debt Situation
Greek national dance in celebration.
Growth for Europe
Guest Book
Gurdas Sidhu - Knowledge to Action
Hacking a problem on blog - please connect via Facebook
Happy Birthday, Grace!
Happy Easter
Happy Fathers Day
Happy New Year!
Health - Diabetes
Heavenly Father, where art Thou? Can people share God's Umbrella?
Help for Indebted Farmers in India
Help save High Street stores in Britain
Herbal and Ayuvedic medications
Hillary Clinton needs all the support in New York and California...and Redmond,Kentucky...
Hillary Clinton odds-on favourite with the bookies, no wonder.
Hillary Clinton, The Donald, the Tea Party?
Hillary for America = America for Hillary
Hillary for America. The Democrat faithful can make it so today.
Historical blogs - of current interest.
Hollywood L.A.
Homely Comfort
Hopefully, the ceasefire can lead to a greater Peace in Syria.
Housing - Social and Improvements.
How can the symphony of Recovery and Prosperity resume?
How can we perhaps have the miracle of Inflation?
How does money get to the real economy?
How would a Greek 'default' affect us all?
I believe Japan should reduce their Stimulus
I pray for Venezuela, now suffering poverty due to fall in Oil price.
I would appreciate your comments
India
India - The Lokpal Bill
India, shortage of water a national emergency?
India's 14th 5-Year Budget.
Inspiration from the Master Mariner
Interest only Mortgages
Interest Rate and the Economy.
International Women's Day
InterTrader Affiliate
Investment Analysis and Management
Iran, a new era of peace
Is Brexit likely? Will Hillary win the Presidential race?
It would be just wonderful....The Queen's Speech
It's looking good for Hillary Clinton.....and for Donald Trump.
J.P. Morgan
Japan - Prayer for continued recovery
Jesus, the Heart of Love for all Mankind
Job creation for youngsters in U.K.
Jobs and growth
Jon Bon Jovi, Rockstar, Humanitarian, a Heart of Love.
Kimberley Davis, Sarsaparilla
Light a candle....to Prosperity
London Business Show - 7th June 2013.
London Business Show, 28-29 Nov, Olympia.
London Housing Market
Loves and blessings for Christmas
Manoj Bhargava - Billionsinchange
May Allah bring Peace
Micro and macro - chocolate, fruits, money.
Middle East
Milk
Money for 18-24 year old Entrepreneurs
Money supply
Money, money, money
More libraries, free books.
Motivational
Mountain of $57 Trillion, and a family worth 700 Trillion?
Mr Maponya, a dream city in South Africa.
Mr Tsipras makes impassioned plea for help for Greece
Mr Wilson, Yoga Masseur
Mrs Clinton holds Mr Trump on form. I believe she will win.
Mrs Hillary Clinton for President
Musical Christmas celebration, by the Hyde Park Choir
My sentiments are to vote IN on 23rd June 2016.
Nature's Law
Nigeria
North Korea's Mini Bomb....let us view it as comic relief.
Now is the time for all good men and women to come to the aid of the Party.
Nuclear Power
Odisha, Andhra Pradesh, Bengal
Oil price and Recovery
Oil price far too high
Oil Price, Interest Rates and Recovery
One day for God.
Over half a million new jobs with a Brexit?
Painting and Art.
Pakistani treatment of Indian prisoners
Paralympics
Peace
Peace between Russia and Ukraine
Peace and Prosperity ahead for 2016?
Peace and Understanding.
Peace helps us not to fall short of the glory of God.
Peace in Syria - something must be done to arrange this.
Peace, as a rose upon stony ground.
Pensions
Personal three wishes for 2012
Please, can they consider amending the Myanmar Constitution?
Poor inner-city areas a breeding ground for terrorists?
Pray, and avoid the tragic occurences
Prayer for Peace in Syria
Profitable trading
Progress in harmony, not disruption.
Promoting on www.durudarshan.co.uk
Prophet Mohammed
Prosperity
Raise a glass of bubbly to Greece
Ratings and Opinions
Read the Scriptures with spirit, and you will find the answers.
Real life supermen!
Real life Super-woman
Recovery in the Eurozone now likely to continue
Redmond - Blessings of peace unto you.
Remain connected, improve connections
Remembrance Sunday
Renewed Recovery for the Euro Area now possible.
Right selection of business
Right to Work, Obamacare, competitive wages.
Sadiq Khan, Mayor of London. A celebration.
Saudi Arabia proposing some welcome cuts.
Save the Leopards - WWF
Security - Police
Selective Immigration
Shadow boxing? The night is yet young in the contest for the highest office in the world.
Sister Akunne's good news...her exam pass, and continuity to work as a teacher.
So much money!
Social enterprise, Micro-finance for UK entrepreneurs.
Social Issues - Commentary
Somalia - books, handbags
Some thoughts for the New Year.
Some thoughts on Christianity
Spain
Steady growth for Europe for the next 18 months, by grace of God.
Stimulus in Europe?
Stock Market
Suggest Japan should taper their Stimulus.
Swami Baba Ramdev
Swami Ramdev, Patanjali Yogpeeth Trust, India.
Swaminarayan Temple, Neasden
Swissie
Syria Peace Talks to be arranged for 9th March 2016
Tata Steel - could they find a buyer soon?
Testimonies at the Latter Day Saints church, Ilford, UK
Testimonies of a Christian family
Testimony at the LDS Church after the Blue Moon
Testing, testing
The Church of Latter-Day Saints
The Affordable Health Care Act - great news.
the British steel industry - and the E.U.
The Chancellor's Autumn Statement
The Digital Economy
The Euro Area Stimulus to commence very soon
The future is bright, very bright
The future looks rosy. I believe we shall avoid a recession.
The God Particle.
The Golden Plates and the Inspired Translation of the Book of Mormon.
The Himalayan tsunami
The love of Christ - a strong enough foundation.
The magic of chemistry - partnerships.
The Mormons
The Mystery Method
The Panama Papers
The price of Gold
The price of Oil
The Queen visits Ilford.
The Queen's Speech 8th May
The Queen's speech to Parliament
The refugees from Syria - help for them, please.
The Republican candidates
The Third Industrial Revolution
The Tools for te nut
The U.S. Presidential elections
The U.S. Presidential race
The U.S. Property sector, creating $2 Trillion to the good.
The US Housing Market
The Yuan adjustment
To Alexis Tsipras and the Greek nation - growth, Recovery and Prosperity.
Tolstoy would have been as Christ.
Tolstoy's bread crumbs
Touker Suleyman, who bought an ailing company for a £1 and turned it into a £27 Million tu
Trillion dollar coin?
Truth shall prevail - a spiritual musical
Turkey
U.S. government funding till November 2016, please.
U.S. should extend the Debt Ceiling, Japan should taper, India should cut the rate, U.K. doing fine
U.S. shutdown
Undocumented Immigrants in the U.S.
Utah
Vegetarian food in Las Vegas
vistaprint test
Website traffic streams
Welcome
West Bengal
What can Mr Putin not do?
Who will win the Presidential race?
Why don't the stockmarkets like prospect of a Republican win?
Why I feel optimistic about Greece
Will the DOW reach 18500, or even 19000?
Winds, be thee still.
Wish you a Happy New Year...Prunay le gillon, Oxford and New York.
Wish you a joyful weekend.
With high energy prices, how can British steel industry survive? Yet survive it must.
Work hard, and work for peace....that way may be the noble, dignified way forward.
World Money Show, 8th & 9th November
Worldwide Economic Recovery
Would you borrow from your bank?
www.durudarshan.co.uk
Year of the Monkey.
Yulia Tymoshenko
Zimbabwe - may it continue with fair policies
powered by

Website Builder provided by  Vistaprint