Remember the mantra : 1500, 1500, Fifteen Hundred? 

 

Ron G. Holland's incantation of 1500, 1500, lay me down to fifteen hundred, I must have fifteeen hundred, I'll sleep fifteen hundred, I'll wake up refreshed fifteen hundred, I'll swear by fifteen hundred, darling lay me down to fifteen hundred, I must have fifteen hundred, fifteen hundred, I'll dye if I don't have fifteen hundred......

 

Similarly, "If you can see it, you can be it

                   If you can see it, you can do it,

                         If you can see it, you can have it."

 

So, the mantra could start collectively, Fifteen Thousand, Fifteen Thousand, and on.

 

The trajectory seems to be time and price related, reaching for fifteen thousand.  Caveat, other factors must be in favour also, for example, money (investment pressure), investor appetite, market liquidity, authenticity, integrity of the market, and the belief collectively that the market can be trusted....Then it may, just may, be possible.

 

Ron G. Holland is a best-selling author, and an advocate of philanthropy, supporting donations to Habitat for Humanity, a worthwhile cause indeed.  His books are pure gold in the wisdom that can be applied in any field, be it salesmanship, authorship, sponsorship, sportsmanship, whatever else.

 

As Ron says : Onwards and Upwards!

 

Kind regards,

Duru-darshan.

 

 

My website and blogs prove to be popular.  From inception in May/June 2011 to date, attracting 77,513 visitors with 88,522 page views, with at least 2,060 unique geographical locations, top ranking being Pacific Pallisades.

 

For posting my links and signposting the way over the last 7 days, my thanks to :

 

  -   Stumbleupon.com  -  tops, 26th week running!  Many thanks.

 

As summer is here, I hope you get a lot of visitors to your website, especially the wholesalers.

 

Kind regards,

Duru-darshan.

 

Durudarshan - Investment Analyst

 

 

 

 

After the encouraging Manufacturing Index figures in the past month, and a sharp reduction in white goods inventories (minus 7.7 percent), India seems to be getting back on track to resuming growth.  The one great expectation is that the Reserve Bank Chairman will do the needful by cutting the repo rate.  Anything between 50 basis points and 150 basis points is expected, depending on the courage the circumstances give him.  If the in-feed is reduced, the out-feed will also be better.  If interest rate is cut, cost to the industries will be less and consequently pressure will come off, easing the way for growth.

 

The other piece of good news from India is that Dr. Pranab Mukherjee has been selected (by a majority of 65 percent) to become the 13th President of the Indian Republic.  He will be sworn in on 25th July, and his supporters and well-wishers, including Kashmir and Bengal and Karnataka and A.P., will have cause to celebrate.  The modest and mellow Dr Mukherjee is a man of vision and courage, having held portfolios such as Finance Minister with great success, and Pranab-da is conifdently expected to help bring growth to West Bengal, Meghalya and Orissa, as well as the above-mentioned regions, as well as else-where where the scope for growth exists but the co-ordination and implementation was not fully there. 

 

In most regions, the scope and need for additional power-generation does exist.  Whether the solution is geothermal, solar, hydroelectric or whatever needs to be decided upon, together with supporting infrastructure in the building of sewers and canals, modern urban as well as rural cities, housing, schools, hospitals, universities, and so on.  A huge demand does exist, and meeting those demands will help raise the peoples' standards of living as well as deliver additional avenues of work and leisure to more and more people. 

 

Cometh and hour, cometh the man, and President Pranab Mukherjee will serve the people of India well.

 

Kind regards,

Duru-darshan.

 

 

Recently, the unseasonal torrential rains across England and the east coast of U.S., as well as the heavy floods in Russia and Assam and mudslides and landslides in various parts of the world, suggest that the eco-system has been disturbed to an extent that the global warming, change of current streams and so on are impacting everywhere.  No country seems immune. 

 

The recent forest fires in Colorado in the U.S. suggest that forests have not yet been thinned, where there ought to be space between adjoining trees so that when a forest fire starts, it can be contained.  Trees which are so densely close leave no choice but for the fire to spread on.  There at least the training and deployment of more lumber jacks could be the appropriate action.  It is a highly skilled job, taking a certain type of natural intelligence and co-ordination to do it safely.  More people ought to be trained for this job, even in the Mediterranean countries, so the dreaded fires you read about during each summer could be avoided.  If this task of "forest thinning" could be carried out before the hot summers, so much wealth of the forests could be safeguarded and preserved. 

 

There is so much need for furniture in African countries like Kenya, so the wood can be utilised for that purpose.  Jobs could be created in furniture making in Africa, where factories could be set up.  The former colonial masters of such countries which could be helped could perhaps give a helping hand in such initiatives. 

 

A world growth will happen with catering for the young and growing populations of the developing countries.  They have the human capital, and young age groups, who need housing, schools, dispensaries, hospitals, roads, libraries, more electiricity to supply the demand which would be there.  Eventually, they may be the ones working in the mature economies with aging populations.  The world is in that sense one big family of God, whose joy it would be I believe if we all help each other and give a helping hand to spur further growth in the developing world.  Western know-how, capital, large-scale implementation and management of work creation will help to harvest the wealth which exists in the world, and bring prosperity to more and more.  If all this can happen in the midst of Peace, the benefits will be sooner for all the world. 

 

Kind regards,

Duru-darshan.

 

 

 

 

I popped in at the Gurudwara here in Ilford, for some upliftment and inspiration.  The granthis were singing a beautiful bhajan.  Translated, the message today was "Thou art our Creator, our well-being is in your hands.  So far you have been merciful, may your mercy be upon us everymore."

 

About a year ago, when there seemed a maelstorm in the financial markets and the world, I used to visit the Gurudwara regularly, and write the inspirations from there on my blog.  The Master Mariner has indeed helped the world steer a clear course, giving inspiration like fresh fragrant air on a glorious summer's day.  May He guide us everymore.

 

Waheguruji ka Khalsa, waheguruji ke fateh.

(The Eternal One entrusts His counsel to the faithful ones,

to the Eternal One's glory)

 

 

(Written by Duru-darshan)

 

Saturday, 30th June.

The announcement at the weekend by Indian Prime Minister Dr Manmohan Singh that something will be announced on Monday was awaited with huge hopes.  Now it turns out that the Indian Finance Ministry have increased their Bond purchase target by overseas investors by $5 billion.  This is the alternative way of raising funds for development, and although no big ticket projects have been pre-announced, it may be an indication that something will be done with the money being invited. 

 

Strangely enough, on the news wires, I note that Qatar is looking to invest $5 billion.  They could consider investing it in India.

 

Indian Finance Minister Dr Pranab Mukherjee (known respectfully as Pranab-da to his community and Pranab-babu in the Ministry) is resigning his office - so he can focus on the task in hand, namely that of becoming the President.  He has been so nominated by majority of the parties, the exception being the Trinamool Congress under Mrs. Mamta Banerjee.  Pranabda has his fondest dreams for further development for West Bengal, and under his Presidency will receive considerable attention it is to be hoped. 

 

Hopefully, an interest rate cut may not be ruled out.  It is one of the tools that would alleviate the situation.  Perhaps a cautious approach of gradual reductions of 50 basis points over the coming months could be on the cards?

 

Kind regards,

Duru-darshan.

 

 

 

Can you imagine, the Guv'nor of the Reserve  Bank sitting at a tea shop in Mumbai, watching TV and eating some pav bhaji with the owner.  The Chai-wallah is keen to tell the Guv'nor what is wrong with the economy.  "You can see, the jail-bharao protest against the petrol price hike... Here in India we have put up the petrol price when worldwide it has come down.  We seem to be doing things upside down!  Secondly, people may wish to buy a car or a scooter... but the interest rates are too high.  The banks say the repo rate is too high....If I wish to send some money to my children who are studying in New York, it is costing me more rupees...People are not too keen on the stock market because it doesn't seem to hold...If there is no money for growth, no interest rate cut, the economy will stagnate and we will enter a recession.... What good will that do, tell me, Guv'nor?"

 

The Guv'nor ponders these questions, sips his tea, finishes his pav bhaji and pours another cup of tea.

This Chai-wallah has a point.  The repo rate ought to be down. 

 

"Waht do you think Fed Chairman Bernanke would do in such a situation, eh?  If he had such a luxury, he would bloody well cut the interest rate, wouldn't he?" the Chai-wallah tries to vent his anger with some humour. 

 

The Guv'nor adjusts his cravat, ponders the question "50 basis points, 100?  How much?"

 

"Sir, next month we won't have the luxury of asking this question if the Industrial figures fall again."

 

This jolts the Guv'nor.  The TV journalist says foreign funds are not too keen on India's Sensex or Nifty, not with the economic uncertainity.  And the Rupee has fallen to an all-time low of 57 to the Dollar.

 

"Between you and me sir, it is time for swift action.  Now excuse me, I must get back to my till."

 

Hopefully, the Guv'nor will make a pragmattic decision and lower the rate, perhaps in unison with the other Bric countries?

 

Kind regards,

Duru-darshan.

 

 

 

 

After the Industrial Production has plunged so badly in India, from 4.6 percent to 0.1 percent within a month, it is staggeringly obvious that the Repo Rate, reduced from 8.5 percent by 50 basis points has not been enough. 

 

I guestimate a reduction of 125-150 basis points this month would do the trick.  Industry as well as consumers need access to cheaper credit.  A repo rate of 8 percent is far too high; it may help the people with savings to earn the interest they need to maintain their lifestyles, but it does not do industry and the growing band of consumers any good at all.  They need access to cheaper credit, and a cut in the repo rate would enable the regional banks lend to their customers at interest rates which they can afford to borrow at and create profit and wealth; this is turn feeds into the economy.

This is necessary to enable people survive the harsh economic climate that the world has worked so hard to come out of.  The mature economies have cut their interest rates to the bone, and made cheaper credit available, evidence the new measures announced by the Chancellor in England.

 

Montek Singh Aluwahlia says the government is not in denial about the slowdown, and Dr. Manmohan Singh is hoping the G-20 summit will offer some solutions, some silver bullet. 

 

I would respectfully suggest that the silver bullet solution tool is with India already.  They just have to cut the interest rate further, perhaps even rapidly.  That was the lesson surmised from the slowdown worldwide in 2008, as measured by the Economic Cycles Research Institute. 

 

When the silver bullet is at your disposal, you have to deploy it.  This tool must be utilised to avoid a further slowdown.  The hard-working people of India must not be let down.  For this, I pray.

 

Kind regards,

Duru-darshan.

 

 

 

 

Today at the Church, after the sacrament (during which a hymn is sung and bread then water is blessed and passed to the congregation) was time for testimonies on the importance of Father's Day.

 

Bishop Onaolapo's son, Michael, gave the first speech.  "The Lord is our Father.  Every day is Father's Day and we should show our appreciation."  There is a great heritage of spiritual linking in the Bishop's family, who welcome everybody to the Ilford chapel and make people know that God loves us all equally, and through His priests, His people.

 

By the way, Presidential nominee Governor Mitt Romeny is also a Bishop in the Church of the Latter-Day Saints in the U.S., sometimes known as the Mormons (after the Prophet Moroni, whose golden statuate stands atop the Mormon churches).

 

Sister Amaka Ohiku  said that after her Father died when she was a teenager, her Mother brought up the family alone, so today she paid tribute to her Mother for filling the Father's role also, as well as the Church, which because of its structure was there to provide paternal support. 

 

Brother Barry Oshage's daughter Michelle praised her father, that he is the Greatest Dad in the World because of the example he sets them at home.  People have to count their blessings for children who are gifted with such wisdom. 

 

Barry is indeed a gifted teacher of Scriptures. "We are created in the image of our Heavenly Father. So today is a day for all men, as those who are not fathers, their day will come.  Though my own father is gone,our Heavenly Father is always there."  A message of hope and goodwill.

 

Amen.

(written by Duru-darshan Dadlani,

ordained into the Melchezideck priesthood)

 

 

 

Kind regards,

Duru-darshan

 

 

Durudarshan - Investment Analysis and Management

 

 

Mobile : 07505 830518