Saturday, February 28, 2015

SATURDAY 2/28/15; India Budget; Putin Critic Murdered; Ukraine Crumbling; US Ammo Ban; PBOC (China) Cuts Rates

India Prime Minister Narendra Modi announces the first government budget. Corporate taxes are cut. India plans to construct power plants to improve availability and reliability of the electrical grid. The budget provides for over $11 billion in infrastructure spending. In addition, a social security program is announced to provide assistance for poor Indians. The devil will be in the details. Tickers such as IFN, INDA, INDY, EPI and INXX (infrastructure) may see active trading on 











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evidenced in the US over the last few years, the central banker stimulus will serve to inflate stock prices but will not achieve the desired goal of increased lending. Even more obscenely, in a few months or years that mountain of printed money will flood into the economy, the sleeping ‘velocity of money’ will accelerate wildly, and rapid inflation including hyperinflation will send economies and markets into turmoil. First, however, over the coming weeks and months, the world fights rampant deflation with ineffective money-printing schemes spawned by global central bankers.

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