Vacation time

Travelling now. Back with the routine around the 14th of July. Until then, light or no posts. Not that the world is going to stop in its tracks for that reason. Much is happening, including the exit of Germany from the World Cup 2018. Does not augur well. Putin-Trump summit is due in Helsinki in July. Youth unemployment rate is still above 34% in Spain – double the rate that prevailed in 2007. China’s stocks are officially in a bear market. Indian rupee is declining again.

With oil price ruling firm, with the US government posing restrictions on imports of crude from Iran, with the RBI warning on NPA problem (just caught the headlines) and monsoon being somewhat erratic, India does not appear very well placed. Of course, had written about it more than once in the course of the year.

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