Investment Markets Overview-w/e 16th May 2014

The World’s largest democracy, India, announced its vote for change this week and by the widest margin in 30 years. The BJP, led by Narendra Modi, secured 282 seats, the biggest victory for a single party since the Congress party won 404 seats in 1984 in the wake of Indira Gandhi’s assassination.     The economy under Congress had slowed in recent years, with GDP growing by 4.9 % over the past financial year and close to the decade-low of 4.5% seen for the year before that. Inflation is running at 8.6% pa, the second highest among 18 Asian economies according to Bloomberg. Meanwhile, under the 63-year old Modi, Gujarat, the western state he’s run since 2001, economic growth has outpaced the national rate in 11 of the past 12 years and attracted the likes of Tata Motors to set up shop within the state. The electorate also appear to be tired of the corruption and arrogance perceived within the incumbent Congress party, led by the youthful Rahul Gandhi, aged 47. There may be lessons here for the UK and for the US, both led by youthful ”masters of spin,” not to mention the European Union, perhaps the most un-democratic system on the planet, run by unelected bureaucrats’ who lust for evermore central control. Next week’s European elections could also throw up some interesting results.

16 May 14

Subscribe to the Full Investment Markets Overview Newsletter which contains the following:-

Additional Commentaries:
•US economic data . . .
•Euro-Zone . . .
•The UK . . .
•Out East . . .
•The $US index . . .
•Within the commodities complex . . .
•Economic data due next week includes . . .

Returning to  “Democracies” the Swiss have perhaps the purest form with its 123-year-old tradition of referendums, which are legally binding, giving the government little or no choice but …

1.Indices Weekly
2.US Consumer confidence vs Housing Starts
3.E-Z Economic Expectations V GDP
4.China Shadow Banking
5.Commodity 1 Week Moves


13 Indices, 11 columns of detailed information, for accurate analysis


The strength of democracy lies in taking everyone together


Click HERE to view Details of the full version of this Newsletter which includes full text and detailed Charts for each section


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