My thanks to the staff at these Search Engines for listing and indexing my website, and to Vistaprint for so beautifully hosting my website over last 28 months.  It has built from strength to strength, drawing many visitors each day. Thanks to all :

                        Stumbleupon

                        Google (the multi-trillion dollar brain)

                        Twitter  (tweet tweet to you)

                        LinkedIn (professional and so well defined)

                        j.mp

                        Yahoo (book readers love you)

                        Bing (looks like people like spy thrillers)

                        and, just for good measure, a few porno sites, harmless fun is okay I'd say.

 

My blogs being read overnight are as follows :

  -  The ECB's 25 basispoint cut

  -  Stephanie Ruhle, CNBC interviewer 

         (She's actually an anchor for Bloomberg, working in New York)

  -  This is time for buyers to support Bangladesh factories

          (American companies have done so, may blessings be unto them)

  -  Thomas Sugrue's review of The Last Great Prophet

  -  The Bank of America share price.

 

 

 

 

 

 

 

 

 

It seems a frequent occurrence, the coming of typhoons and cyclones that seem to hit the Eastern board of India every year, often hitting Odisha the hardest, together with Andhra Pradesh as well as Bengal.

 

This October, cyclone Phailin landed at Gopalpur in Odisha with a core speed of 200 Kilometres per hour, reducing to matchsticks the flimsy dwellings in the low-lying areas, flooding vast majority of farmland and dwellings.  Fallen trees and power lines added to the problems in travelling. Thanfully early warming of the oncoming SuperCyclone enabled the local municipal authorities put into action evacuation plans, together with assistance from the Army and Navy, which were on standby, and so only a tiny number of people lost their lives this time, compared to the 10,000 last time.

 

Nearly a million people had been evacuated, with a timely and well-ordinated effort by the authorities.  Social media must have helped, emphasising the dangers of flooding and the ferocity of the winds, and, most important, how much time they had to get out of harm's way.  Villagers became convinced of the seriousness and left for the safety of higher areas and strong public dwellings, travelling at the last minute by buses laid on by the local councils.  Thankfully, so many people saved their lives by not ignoring the messages. 

 

About 100,000 people were similarly affected in Andhra Pradesh also.

 

Odisha Chief Minister has requested the government in Delhi to provide approximately a billion pounds over and above the 572 million pounds which would be available in the state disaster response fund, such has been the devastation left by Cyclone Phailin. 

 

The government and local authorities are stretched trying to provide food, shelter and rehabilitation for the million plus people affected in the last fortnight.

 

As if that was not bad enough, another cyclone has hit the same region today, killing 29 and leaving another 85,000 marooned.  The government and the local communities have a huge task of rebuilding and rehabilitating nearly 1.3 million people in Eastern states, some of the poorest and least developed in India.  It would be a great blessing for the people if this encourages the construction of alternative housing in such areas. 

 

In the meantime, again I pray for the safety and well-being of the people of Odisha and Andhra Pradesh and Bengal.

 

Respectfully Invoking our Saviour's prayer I intone :"Winds, be thee still".

 

May God's love and care be with the people there.

 

Amen

(written by Duru-darshan

Melchizedek priest at Church of Jesus Christ of Latter-Day Saints, Ilford)

 

Good news heard today, 9th November 2013.

Indian Prime Minister has announced allocation of funds of 1,000 Crores each for Odisha and Andhra Pradesh.  (approx. 1 Billion Pounds each).

 

 

 

 

 

 

  

Each one can imagine some kind of bleak scenario, in the event that the Debt Ceiling was breached and there was no agreement in Washington between the Republicans and Democrats. 

 

At the moment, the world watches in exasperation as the two sides debate and give a very mixed impression.  As they gleefully remain entrenched as to what they will concede or not, the time is ticking away to 17th October. 

 

Japan and China have wondered at the shutdown, and why it is not being lifted swiftly.  In those nations, such a situation, were it ever to arise, would be reversed as a matter of honour and in the interests of not impeding the economic engine.  It would be done swiftly with a command from the leadership. 

 

In the U.S., by contrast, as is the nature of democracy, every fine detail has to be debated.  That is fair enough, but time is running out nevertheless.

 

In the event that there is no Debt Ceiling raise by 17th October, one can envisage a bleak picture where government will not be able to pay its employees, which of course also includes the Representatives and Senators who have defended very narrow corners and brought about the current shutdown and the furloughs, disrupting peoples' daily routines and reducing their paypackets.  Of course this would have an impact on the economy overall were it to continue for any length of time.  Just over a week has gone, and the mood on the stockmarket has been subdued.  If it were to continue for consecutive 21 days, probably it would cause a disheartening mood, which would dampen the feelings and start a down-turn.

 

Secretary of State for the Treasury Mr Jacob Lew has said there would be about $30 billion for cash-flow, in a 'four trillion dollar enterprise'.  That may be sufficient for 12 days, which would take everyone to 29th October.  If there was no agreement by then, can you imagine anything but the stock markets falling, a fear factor and a lack of confidence, people being laid off by private enterprises as well.  I would bet the Oil price would plummet, demand would be so drastically reduced.  The domino effect would be worldwide, nothing short of alarming.  It would be like looking at Greece in its recent dark days, only the U.S. is a much bigger economy, with over 16 times the population of Greece.  Not only that, what is the sovereign currency of a well-functioning economy and the Reserve Currency of the world would have its standing compromised. 

 

I trust they have some arrangement in place, whether by bi-partisan co-operation, putting aside for the moment the other issues which are dividing them at the moment, and agreeing to a Debit Ceiling raise by 17th October; or, arrangements in place to allow the President to exercise his prerogative under the 14th Amendment and sign in an amount that would be prudent and necessary. 

 

Mr Obama has mentioned that the debt burden has been reduced by Two and a Half Trillion in the last few years, so his Administration's policies have been productive and praiseworthy, pulling the whole economy out of a severe recession and creating a nation with huge heatmaps of happiness, which have  provided growing confidence worldwide.  The sooner the uncertainity regarding the Debt Ceiling raise is removed, the better will it be for the whole world.  America's well-wishers and creditors alike would feel good, a positive mood of certainity and predictability for future growth would continue worldwide.

 

The last Debt Ceiling raise in August 2011 has proved efficacious, and so there would be universal approval and applause for such a measure this once also.  Those who believe in doing right by their fellow humanbeings, let them also do right by the currency that says 'In God We Trust'. 

 

Kind regards,

Duru-darshan.

 

 

 

 

 

 

 

 

 

 

 

Good morning, everybody.

 

I note that a few readers have been reading my blog overnight, especially on topics like Quantitative Easing, the Euro.  The most popular blogs have been as follows, if you wish to read them too :-

 

1)What good would exiting the Euro do for Greece?

2) Would Quantitative Easing or Credit Easing help?

3) Where's the potential growth for the future?

4) Where's the chocolate I kept in the fridge?

5) You can sense the sense of duty Mr Obama has to America

6) What the mind of man can conceive and believe, it can achieve.

 

I imagine you will hear some impassioned debates on TV and the media in days to come.

 

Kind regards,

Duru-darshan.

 

 

 

 

The Bank of England Governor Mark Carney has reassured the markets that a further stimulus would be available if market conditions dictate it.  In the meantime, he has restated what he mentioned when he took over the reigns a month and a half ago, namely :

 

 That the record low interest rate, currently 0.5 percent, would be maintained until such time as the unemployment figure falls to 7 percent. 

 

Most market forecasters believe this indicates a period of about three years, according to the BBC.

 

So industry and enterprise can assume an atmosphere of prevailing calm and steady investment and growth over the coming three years in the United Kingdom, perhaps even rescue and turnaround of sectors which may be in the doldrums at the moment.  The forward moves will probably be in construction, as demand for housing in Britain continues to grow.  Currently there are government incentives for new-built houses; new year, starting April-May 2014, there would be help available for those purchasing older houses.  The government is trying to satisfy the appetite for home ownership, at the same time welcoming qualified people from abroad who see Britain as a safe and pleasant land to live in.  More demands will arise in the health (probably private now) and schools sector, and accordingly new buildings will need to go up. 

 

 

 

 

 

 

 

 

 

 

---------------------------------

 

Kind regards,

Duru-darshan

 

 

 

 

For a continuation of the worldwide economic Recovery, in my opinion the price of Oil is far too high  - both WTI and Brent, which hit parity recently and have been both in backwardation on the far futures contracts.

 

The holding of or reduction of benchmark rates in accommodative policies is brilliant, and the only way forward.  The Australian Reserve Bank, U.S. Federal Reserve and Bank of England are setting the tone for continuation of Recovery.

 

Mr Raghuram Rajan has been appointed Governor at the Reserve Bank of India, and assumed his post there on 5th September.  In his name are coded the most fond Hindu wishes in Godhead, just as they chant Raghupati Ragav Rajaram.  Hope he will set policies to utilise the various fiscal tools he has at his disposal, and help renew expansionary growth in the Indian economy.  It is noted that he is a gregarious, media-friendly personality, so presumably the world will hear more about what he has in mind. 

 

Oil price at anything above $85 per barrel is too high, and will continue to slow down the world economies.  When people are unable to feed themselves and their children in Yemen and other places, most of the developing world I would surmise, it is time for the OPEC nations to pause and consider what would be best for everybody.  Growing unemployment in South Africa (over 25 percent) and other countries, where social security is not a state policy, does not indicate a robust world picture.  It is imperative that the Oil price be reduced, for continuation of worldwide economic Recovery, which in turn will be able to sustain infrastructure growth in the OPEC and other nations. 

 

Israel with an unemployment rate of over 25 percent could do with international goodwill for their technologically advanced products, and a peace in that region can only help bring the oil price down and help the economies in that region.  In a cooling off of tensions lies the way forward to peace and prosperity.

 

Enlightened souls who help govern the policies, the duty is yours to do the needful.

 

Kind regards,

Duru-darshan.

 

 

Recently I wrote about the Mormon church, about their production of a spiritual musical called Truth shall prevail, being staged at the Chorley, Preston temple in Lancashire.  My blog had over 1600 reads, mainly from Hongzhou in China.  Thank you, dear readers.

 

At the moment the most alarming news is from Zimbabwe, where President Mugabe has been re-elected, amidst complaints that the election has been rigged.  His comeback has been with the announcements of implementing policies of nationalisation of mining and natural resources companies.  Mr Mugabe obviously does not believe in free-market economics, nor does the devout Catholic believe in forgiveness, which he and inter-alia his nation received after he took over the white peoples' farms and handed them out to his cronies and their clans.  A nation that was once the bread basket of Africa has reduced itself to a state of constant shortages of food in the supermarkets, due to neglect of a farming sector that has lost its efficiency;  and loss of credibility overseas which have hampered imports.  Just like Zimbabwe produced the Billion Dollar notes and failed to appreciate that their currency cannot have the status of a world reserve currency, so now President Mugabe... but wait, this devout Catholic and clever student and man of the world will surely not fail to realize that nationalising assets belonging to international companies will lose international goodwill towards his nation.  And while it may be very profitable in the short term, in the long term it would be like taking a slow poison.

I pray President Mugabe's  good sense will prevail and he will not decide on such a brutal policy. I hope this man who likes to be portrayed on his country's postage stamps in the manner of a sovereign, follows policies which will leave his country a legacy where they can trade and interact with the rest of the world as a free market economy, for years to come.   Let there not be a time when the nation once again degenerates into a period of stupor and complacency, like recently when so many years were lost due to loss of goodwill abroad and lack of scientific know-how in the country. 

 

The kind gift of globalisation has been the awareness of the spirit that only with co-operation and fairness in dealings can all the nations prosper, by developing their natural resources and exchanging them with others on a fair basis.  To punish the intermediaries of such development, the international companies who operate within the boundaries and jurisdiction of every nation, would not be a welcome gesture.

 

Mr Mugabe's pronouncements have caused market jitters in the short term.  Hopefully he will heed the wise counsel of his Ministers and allow the development of his nation's enterprises continue with international know-how, expertise and capital. 

 

I have many friends from Zimbabwe at the church, and I wish them and their President well.  I hope Mr Mugabe reads my words, and heeds the advise I offer.

 

Kind regards,

Duru-darshan.

 

Hello, dear Readers, my posts this month have been as follows.  There was a slight problem with my Vistaprint site, and I was not getting the up-to-date statistics recently, so in case there has been a problem with the communication, I thought I'd bring you up-to-date with my posts :-