Indian Economy Growing At Fastest Rate In 20 Years
India reports that its economy is growing at the fastest rate in 20 years - up 9.4% per annum.
And here comes the punch line.
A fund manager in Bombay warns that investors "should be prepared for a soft landing."
Get it? Watch out, dear readers - the weather threatens to be nice today...the stock market may crash a point or two...lightening might strike somewhere out on the plains, where no one is standing...your favorite restaurant might run out of Diet Coke...and you might go to the cancer specialist who tells you that you have a bad case of dandruff!
The Indian economy is racing along at breakneck speed. Hold onto your hats, buckle your seat belts, and make the sign of the cross - because it might slow down to merely fast!
"Soft landing no longer means we're going back to the days of 5% or 6% growth," says the expert. Now it means 7% or 8%!
Yes, dear, dear reader, it's a new era in which all umbrellas are obsolete...all auto accidents are fender benders...and all market crashes knock off 2% of your gains, and then bounce back.
Bill Bonner
The Daily Reckoning Australia
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About the Author
Best-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.
