Imagine what would have happened if pharaoh had stocked up on radicchio instead of grain? Those 7 lean years would have been a lot leaner than they were.
November 6th, 2009 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "india"
India Beats China to Walk Away With 200 Tonnes of IMF Gold
India’s central bank is now the proud owner of 557 tonnes of gold. That gives it the tenth largest gold holdings among central banks. But it probably isn’t finished. Gold makes up just six percent of India’s foreign exchange reserves. There’s plenty of room for that to grow.
But don’t forget China. China has $2.3 trillion in foreign exchange reserves…
November 4th, 2009 | Dan Denning | 5 comments | Continued
Emerging Markets in the New World Disorder
In markets, one of the most watched and ongoing match races is the one between Emerging (or developing) Markets and Developed Markets.
October 30th, 2009 | Chris Mayer | 0 comments | Continued
Bureaucracy and Corruption Holds India Back
“Can a democracy be a dictatorship at the same time?” an op-ed asked in this morning’s Times Of India in response to the draconian efforts the Maharashtra state had taken to boost voter turnout.
October 21st, 2009 | Addison Wiggin | 3 comments | Continued
BRIC Nations: The Fundamentals
A few years ago, someone coined the term: BRICs. This was an acronym for the countries of Brazil, Russia, India, and China.
October 15th, 2009 | Chuck Butler | 5 comments | Continued
Britain, the Empire Which Had Paramount Global Power
Historians agree that Britain’s rise as a pre-eminent global power came as a response to changing circumstances and not as a part of a grand master plan; Britain, it has been said, stumbled into an empire.
October 7th, 2009 | Leon Hadar | 3 comments | Continued
September is the Best Month for Gold
Over the past four decades, September has been the best time for gold in terms of its month-over-month price appreciation. You can see this on the chart below – in a typical year, the price of gold in September rises 2.5 percent above its August price.
September 3rd, 2009 | Frank Holmes | 7 comments | Continued
Price of Water Rises in China
The Chinese are water-poor. They are sucking their aquifers dry. It is particularly bad in the north of China. The groundwater under the North China Plains is draining away quickly. By some estimates, China will exhaust this water supply in the next ten years.
August 21st, 2009 | Chris Mayer | 3 comments | Continued
Unlike China, India is Not Willing to Learn from its Mistakes
When you land in China, they send two teams of medical crew wearing spotless white attire from head to toe, looking a bit like astronauts heading towards the rocket for a lift-off.
The silent crew parades the aisles, examine your eyes and flash a beam on your forehead to check your temperature. They are looking for symptoms of swine flu.
Deficit Spending in Australia Reaches a New Era
What to make of the world today? You have interest rate cuts in China, bombings in India, wretched economic data in America, onerous taxes in Great Britain, and a new era of deficit spending in Australia. If this were a Bad News Digest, we would have to print an extra edition today. Let’s start with the news in China. The central bank there cut one-year interest rates by over one percent to 5.58%…
November 27th, 2008 | Dan Denning | 4 comments | Continued