INSUBCONTINENT EXCLUSIVE:
companies which experience financial frauds
opportunity for them.
The next article is on a survey conducted by Indiaspend on preference for political leadership by voters and the
answer is worrying.
I thought we had moved on to development plank, but most voters prefer political leaders from their own Religion-Caste-
The last article on what a strong growth for US means for everybody else including India
it is not good for us.
I reiterate that this is only a sampling of some of the best content I read through the week, with a dash of my own
separating right from wrong can be easy to cross, particularly when people are under pressure to achieve results.
When this happens,
unethical behaviour and decision-making can become widespread
This can lead to the downfall of everyone involved or can threaten the organization itself.
In 2006, Marianne Jennings published a book
weaknesses of the company and the existence of the threat of ethical collapse
Pressure to maintain numbers2
Innovation like no other7
Goodness in some areas atoning for evil in others.In her studies of ethical failure, she noticed these common failings in a variety of
companies that suffered financial frauds
Cashless society is not in your interestI have always believed the choice should lie with consumer but the blatant push by banks and
payments companies has gone too far
Their Job is to make you believe that it is in your interest too, and they are succeeding in doing that, and they have a buy in of
If a powerful institution wants to make people choose a certain thing, the best strategy is to make it difficult to choose the alternative
The true motive is corporate profit
Payments companies such as Visa and Mastercard want to increase the volume of digital payments services they sell, while banks want to cut
The nudge requires two parts
First, they must increase the inconvenience of cash, ATMs and branches
Second, they must vigorously promote the alternative
payments used in the system in the name of helping the society from illegal activities
The choice dear taxpayer lies with you
Indians prefer leaders from their own caste-religion-tribeMost Indians prefer political leaders from their own caste, tribe or religion,
according to a 2018 study, indicating how identity politics plays a significant role in state and general elections.
This was especially so
among non-literates across caste and religious groups While 55% of all respondents expressed a bias for a political leader from the same
caste and religion, these results varied between states
among all states included in the study; states expressing the lowest such desire were Andhra Pradesh (43% for caste, 38% for religion), and
I was hoping for voters to give preference for development over caste politics but going into 2019 elections this study does not bode well
Higher growth in US mean problem for everybody elseMacquarie and Russell Napier both say that the financial markets are flashing a warning
to the Fed; the global economy cannot withstand its monetary tightening, and will, in the coming months, force a halt to the campaign.
The
With the dollar as world currency, the tightening is global
This means the pressure to cease tightening could easily come from outside the US Russell Napier makes, suggesting the emerging markets, who
have piled on debt in recent years, will not be able to withstand the strengthening dollar
The scale of the tightening is best seen by the dollar value of world money supply, which is now down an annualised 14.3% over the last 3
months and -1.7% over the last 6 months.
As Macquarie says however, it is the flow or incremental move that will be important, and with QT
now at $40 billion a month, the tightening will likely accelerate
There is also the importance of a tipping point when the destruction of money means the level of risk can no longer be carried, forcing an
unwind and a feedback loop
(The writer is a trend watcher, global macro investor and blogger at worldoutofwhack.com
He has over 20 years of experience in financial markets, bonds, equities, gold, and derivatives
He muses about global macro investment opportunities, economics, business, and financial issues)
