Of Bears and Dogs!

This blog is nothing about the share  market, its about Bears and Dogs ...not Bears and Bulls ...i thought let me get the political theory across....

As many of us would be knowing ..Bears and Dogs belong to the same family...but there is a difference..Dogs can be tamed..Bears can not be!! 

And well someone must explain this to the Americans...the Afghans are not Dogs, they are Bears and they can never be tamed. Over the centuries many powers tried to tame them and Failed.

I think if they British couldnt tame someone, no one else can, they are the masters in this trade of taming countries.....and they dint dare cross the durand line..they had pacts with the tribals there and understood that it was futile to try any methods of taming the afghans.

The russians dint learn from the British and wanted to rewrite another lesson in history, they also failed miserably although, ask any Russian and he would probably say that loss was to America not the Afghans, but the point is you need a Soldier to go up and fly the flag of voictory on the mast and an Afghan did it for sure, not an American.

Lets leave the Bear alone before we come to a point where we have actally have to launch missions to rescue the hounds :P

Poli-nomics- Budget 2008

Chindu Bhai became only the second Finance Minister of India to present 5 continous Budgets and  of course PM Manmohan Singh is the other one to perform this heroic feat:)

For once, I think, FM's of atleast 120 countries in the world would be jealous of Chidu bhai...simple reason he is banking on a growth rate of around 9%, a still managable inflation and well a youth brigade with dreams to conquer the world without firing a shot .....lot of coushin to present a populist budget before a poll year.

Lets accept it friends, India is world's LARGEST DEMOCRACY, and the rule with democracies is whatever makes the majority is correct, so what makes the majority happy?? Less taxes, more welfare from state, more waivers.....u name it everyone has a wishlist and belive me Chidu bhai delievered. Lets see who got what :

Farmers: Finally someone except the left remembered them, all outstanding loans of small farmers waived...someone go and tell Tom Friedman .....he might look at it this as an example that Commies never die.....in USA IRS is refunding some amount paid in taxes and India loans are waived....welfare states isnt it?? What do u call this capitalism?? hehehe :)

I think it was fine for the loans to be waived, anyways most farmers couldnt repay  and i agree that some relief was over due but i dislike the fact that there is no distinction made between people who genuinely tried to repay loans and those who defaulted. The state seems be saying, dnt pay your EMI's and well rescue you ...Bad Example Mr FM....these gestures become habits..remember the story we used to hear as a kid, a mom never punishes her kid when he steals at young age, he grows old gets caught and asks his mom .."You never told me that it was wrong to steal".

Middle Class: These are the happiest lot, tax moderation was over due and the tax adjustments are almost perfect. Households would have more disposable incomes and we should see some positive growth in the economy as people start spending.

Industry: Excise duties were moderated and first steps to GST is positive. Exports are a concern but lets just hope the Democrat who gets elected to White house does something more prudent and gets the world to run again on its feet.

I think was a good platform for the future, this budget, BUT we sure need more reforms and yes....lets forget Communist Manifesto for some years now, this year we have read enough of It already :)