HSBC troubling econ numbers out of the land of the long low hanging stink
Bad debts are up to 10% of loans. Inflation out of control interest rates rising.
Interestingly only 30M smellies a day are on the internet. I thought that would be
way more viewers of insect games and movies that say obl was a great guy.
Oh wait my bad no electricity (nor plumbing) in the mud hut,
They made the points that everyone has priced in a win by #$%$ loving BJP
and mkt moves 10% after the election. So when the maoist win we should
see quite the move.
Last but not least it's the most over owned 3rd world mkt, with some of the
worst econ numbers. Making those exits tighter then bombay train car
once the reality sets in. They would avoid 3rd world mkts as an asset