1/4 of India‘s Lok Sobha (lower house of parliament) members have been convicted at one time or another of rape, murder or other crimes. Luckily the Uttar Pradesh elections are over, only one politician is dead, and my sources are telling me that UP has established itself as “Stable” environment for investors.
Prime Minster Manmohan Singh, the about-as-libertarian-as-a-bureaucrat-can-get Congress party backed financial savior who pushed opening Indian markets in the the 1980s to shet the shackles of the broke-dead Keynsian Nehruvian policies, just put out probably his best press release of the new year.
Image via Wikipedia
Zero hedge responded to Bloomberg’s Nov. 16th article on Jim O’Neil’s 2012 predictions by scathing the BRIC naming economist…
Safe to say they are not huge fans…
