The Emperor Has No Clothes


We got into the mess we are in today by not calling a spade a spade.Denial will not magically improve our economy.We can’t ensure prosperity by deluding ourselves.The current state of the economy reminds me of the ’80s. There is a real sense of deja-vu. Things are going to get a lot worse before they get better.

My request to all Indian readers,what ever your political inclinations,please help the country by keeping economic matters at the heart of the debate come the general elections. Debates on corruption,secularism,communalism,statehood,internal security,defence etc. are emotive issues that are taking our attention from the basic job of making money so that there is something left to steal ,waste ,spend,divvy up  etc.

Nota Bene

wealthymatters.comCompared to other asset classes, gold has historically outperformed in a wide range of uncertain economic scenarios: deflation (falling prices accompanied by low or negative growth), stagflation (high inflation and low growth as seen in the US in the 70s) and in potential hyper-inflationary outcomes while it tends to lag when the global economy is booming.

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