Suspended Animation

This year the Indian and US equity markets tracked tick for tick until May. Since then US markets have declined by 5% while Indian market are up by 15%. Foreign investors are buying in India while domestic investors (insurance companies, banks, mutual funds) are selling. The RBI is raising interest rates and is concerned about assets prices with unusual certainty. Government owned companies are lined up at the trough to sell shares so the Government can balance the books without quietly asking the World Bank for more money.

The animation will not suspend indefinitely