The guardian has a interesting article on the surging sentiment for the Five Star Movement (M5S). The voters are sick and tired of the current parties and are rallying behind Beppe Grillo, the leader of the M5S. The sentiment here in the Italy is no different then the one in India with the AAP, the party of the Mango people lead by Arvind Kejriwal. When the BJP protests the origin's of the Sonia Gandhi, they were protesting against themselves. The Italian voters are no different then the voters in India and so are the Italian politcians who are no different then Indian sleazy politcians. Berlosconi is a example high handed leadership which has cost the country dear which parallels the Gandhi family and Mr Vadra who appear to have suberverted the system to their advantage to no end.
Will this change in leadership in Italy go after the AgustaWestland bribery scandal and bring down all the middlemen in Italy, UK and India to justice ? If Italians want it, they could do it. After all Rome was never built in a day. For bloggers Beppe Grillo will be liked instantly as he is on of them.
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All the evidence suggests that, when the result of Italy's general election is known later on Monday, it will be a deafening – and sensational –Basta! (That's enough!). The publication of polls in the last two weeks of the campaign is banned in Italy. But results circulating on the internet showed an abrupt surge in support for the Five Star Movement (M5S), which wants to force a reboot, not just of Italy's sleazy politics but of its cronyistic society too.
For the first time in 20 years, we have seen an election that has not been hijacked by the sayings and doings of Silvio Berlusconi. Instead, it has been seized by another, equally controversial figure – the M5S's barnstorming frontman, Beppe Grillo. http://www.guardian.co.uk/world/2013/feb/24/italy-elections-end-to-sleaze-cronyism
60 comments:
I am surprised by the silence. Technically, the Euro already seems doomed. Greece, Ireland and Portugal want to leave the Euro, Spain is in a massive depression and Italy is also saying it wants to leave...If the Euro collapses, we will have a tectonic shift and the world will be plunged into a massive panic. India seems to be in the throes of a deep recession, I think the RBI will be forced to print money soon and inflation is going to skyrocket. Real estate as an asset class has been blown out of all proportions. We should see an interesting end to this mother of all bubbles soon.
Inflation is going to skyrocket
You are a bit behind the curve mate, (unofficial) inflation has been running close to 15-20% for past two-three years. At first the 50p coin went out of fashion. Nowadays I can't find 1 Re coin. Actually I still have a 1 Re coin from the 90's and it weights more than three 2 Re coins.
There will be a market panic yes but I don't think there will be any 'tectonic shift' as you say. I have stopped hoping for any 'dramatic' changes, it's pointless, real changes are much less dramatic.
Looks like Monti is winning and not Berlusconi and also not Grillo.
In other words, it is Congress and not BJP and also not AAP or any other third front.
Bottomline: No change... Italy or India.
@Above
Do you get your news from Citigroup ?
Looks like Italians have given their verdict, it's broken I agree but Grillo got 25% of the votes, in fact he's the single biggest party if you don't take coalitions into account.
Berlusconi also did well, only one who didn't was Monti.
Actually I still have a 1 Re coin from the 90's and it weights more than three 2 Re coins.
My friend, everything of any value is shrinking, have you noticed how we have gone from president Zail Singh (tall) to President Pranab (short).
Now, you can peacefully tell your wife, "Honey, I shrunk the president!"
Vicky Leo is a loser who works for prop tiger who are rated no.1 in the 'Top 5 Losers in the property market' magazine :)
The concession given by chidambaram is comedy of sorts.
1. first home only
2. Only up to 25 Lakh loans
3. only for new loans
All these ensures nobody use this. Even if somebody uses the benefit is accrued only for first 2-3 years as the interest amount goes down as years go by....
clever Chidambaram..
now will see who falls prey to this...
it is a joke that govt think poeple can buy house for 25 lakh
@above, I think chidu wants to inflate housing prices in tier-4 (??!) cities, small tows & municipalities & villages which are the only places where there is a chance of getting a house at <25L. He is expecting that after this announcement ppl in those small towns will be more motivated to buy a house there & hence push up demand a little (and project a much much higher demand to scare ppl who are contemplating whether or not to buy there) and inflate prices there as well.. hmmm..
Vik,
Please remove the spam comments from the RE agents.
Guys, What will happen if the 1% TDS on property above 50 lakhs is implemented as in the budget? Will it drive away black money from RE transactions? Maybe this one simple thing will bring all kinds of focus lights on the transactions in this muddy sector..
How many actually believe the increase in tax rate on ultra rich will actually matter?
Instead of that, how about closing the gaping black money loophole.
For starters, GOI can require all investments coming from Mauritius to provide a full trace of the source of money.
Mauritius is the source of around 40% of foreign direct investment into India.
After "chor" Indians have sent their cash to Mauritius, they can even invest it back in Indian stocks, bonds and RE by putting it into any of a huge number of India-focused investment funds that are headquartered on the island. In other words, they can profit from progress in India’s economy without paying the Indian government a cent.
Once a thief, always a thief
Dont expect them to change their policies.
Only when one politician gets caught red handed the system can be changed.
Earlier it was easy to fool people due to control of information.
It no longer will be true in the near future.
Also the new belt announced in the chennai corridor is sure to benefit him since real estate will develop there. Im sure he must have purchased a lot of land at throwaway prices around that corridor.
It pro developers who are his friends
Due to large growth in real estate industry, some of the places have been recognised as hottest places for property promotion. Places like Chennai, Bangalore, Delhi, Delhi NCR, Noida, Gurgaon.
India is moving growth in real estate market & some places like Bangalore , Mumbai , Gurgoin , channei as such as good for investing money in real estate .. prop tiger is also deal in real estate market in India ..
for more info log on to :- http://www.proptiger.com
http://www.nhb.org.in/Residex/Data&Graphs.php
Prices on the rise again in last qtr. Seems hard to believe.
Could it be that few homes are selling, but these are at the higher end and hence pushing up average prices?
Its been like a big joke the last year or two. Nobody is buying, yet prices keep going up...I crack up every time I see "experts" saying that real estate is going to go up further and this is the right time to buy....
http://www.nytimes.com/2013/03/03/world/asia/new-delhi-bungalows-even-in-disrepair-command-millions.html?partner=rss&emc=rss&smid=tw-nytimes&_r=0
@Anon above:
The article says that few people who have been holding the house for generations are looking to sell. Does that mean these people believe that values have peaked?
These are long term holders who are cashing out. The new buyers are businessmen and politicians with black money. The long term holders are house poor.
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