No, of course not! Just joking. But it does feel good to be proved right…And to see mainstream media finally admit what I said a long time ago 🙂
Here is my post on July 12, titled “Dear Swaminathan Aiyar, it is time to answer some tough questions of Rexit”
In this post, I demanded that Swaminathan Aiyar step up and tell us what happened to his prediction of a market crash following the exit of Purushottam Shri Raghuram Rajan. Well, “Rexit” happened. The same week, the world was rattled by the news of “Brexit”. Yet, Indian markets have soared, laughing off the fools who worried about Rexit. What happened to the predictions of “Billions of $$$ leaving India” along with Rajan? Mr. Swaminathan Aiyar had even estimated an outflow of $100 billion. Well, the $100 billion question today is: where are those “experts”? And it feels good to see this in Moneycontrol:
What? Billion dollar INFLOWS, did you say? Ha!
Welcome to the party, Moneycontrol! You are more than two weeks behind me, but thanks for spitting right in the eye of liberal “analysts” by putting Rexit right in the title.
Let’s read Moneycontrol’s article:
“During the buildup, some analysts had even warned that were Rajan not given an extension, it would lead to a crack in markets, and may even trigger outflows of foreign capital by the billions. But as it happened, the reality turned out to be the opposite.”
Ah! Ah! Ah! Say it brother! Gosh…that feels good. Reality has taken a chokehold on the liberal liars…spin your way out of this one, you charlatans. This is not “intolerance” or “church attacks” that you can cook it up in TV studios …this is cold hard cash amounting to billions of $$$ that have flowed in. Deny this one, let’s see.
Let’s read this article for more unadulterated joy:
“There was also a view that more than the equity markets — which draw cues from a number of other factors such as earnings — the worse hit would be currency and bond markets, where monetary-policy developments have an impact. ….But, the forex market showed a very mature reaction to the exit,” the note says. The rupee, in fact, has appreciated since the announcement.”
Slap it brother. Smack those liberal liars! In your face, you lying losers! So, the forex market reacted in a “mature” fashion. Guess who reacted immaturely? You guessed right 🙂
“A similar trend is seen in the 10-year bond yields which have moved down sharply from 7.5 percent on June 20 to about 7.25 percent now.”
Aaargh! Will reality be so unkind to liberal intellectuals? Oh…the humanity…Oh the cries of agony from Sonia’s slaves….
“One of the big setbacks expected from Rajan’s exit was in terms of foreign fund sentiment towards India, thanks to his popularity with FIIs. However, here too, they have so far taken the announcement in their stride. Since June 20, net foreign fund inflow in equity has been roughly around Rs 7,863 crore … “In fact, FII investments in government securities, which went through a slowdown in the first few days after Rajan’s exit announcement, also stabilised in July,”
That’s a Rs 7863 crore slap on the faces of all Indian liberals. How much is Rs 7863 crore? It’s a LOT. Remember that all it took to purchase the entire Indian liberal establishment was Rs 526 crores… In fact, from what I am reading, it seems Kejriwal didn’t even need the full 526 crores, he purchased them all for substantially less…
On to Firstpost.
We’re gonna read their article on Sidhu, but first you should read my post on why Sidhu joining AAP means that Kejriwal is dropping Punjab:
In my post, I had argued thus:
“there is a fundamental barrier for personality based parties to become national parties. The fundamental problem is that a party with more than one Chief Minister has, by definition, more than one top leader. This is a situation which no personality based party can tolerate. I am sure Mayawati would be happy to see a BSP government in Madhya Pradesh, but will Mayawati be able to share her supreme control of her party with someone else? Inevitably, a BSP Chief Minister in Madhya Pradesh would be a serious internal challenge to Mayawati’s authority. This is why personality based parties never spread outside a single state…. The chances of Sidhu agreeing to be a puppet of Kejriwal are near zero. Why should Sidhu listen to Kejriwal? He will be CM of a bigger state, he has his own base and his own nationwide name recognition. ”
And now this:
And this coming from a Mameluk like Sanjay Singh. Let’s see what Sanjay Singh has to say:
“Sources told Firstpost that there are far too many complications about Sidhu joining the AAP and be the party’s chief ministerial candidate. First, Sidhu over the years has gained unmatched flamboyance and celebrity status, as a political campaigner, commentator, TV presenter, humorist, a master on Hindi couplets, phrases, idioms and so on. He has a following of his own. None in AAP has that kind of celebrity status and also a mass appeal than Kejriwal himself.”
Ha ha…dear Firstpost, if only you were reading my blog, you wouldn’t need those sources. You just needed some common sense to see this coming 🙂
“In AAP, Kejriwal’s word is law and no one else matters. Remember what happened to those who had an independent mind, the likes of Prashant Bhushan and Yogendra Yadav. AAP can’t take the same risk….”
Again, thanks for being a week behind an amateur blogger in a small corner of the web. And finally, this:
“Kejriwal can’t cede that ground to Sidhu. …Also, as chief minister, if at all, Sidhu wouldn’t beholden to Kejriwal and act according to his own heart and mind than on Kejriwal’s diktat.”
Dear Firstpost, you could have just linked to my blog 🙂
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