Meanwhile, PM Modi demonetized 500 and 1000 notes and hell broke upon a lot of people.
Common man standing in long lines to get cash in hand as the cashless is still a bit much to demand.
Rich is on verge of losing nothing if the money is in non cash firm.
Those who have stack of these notes are worst affected as there is no way other than to get it to bank to make it usable again. There are ways actually that normal people would think of. Only those who are foolish enough would be worst affected.
Money has become suddenly a commodity than a medium to buy. People are spending less an accumulating more or of fear that even this would vanish.
Transactions such as property and gold are going down. For years there have been people (haves) who purchased these out of their sheer cash strength. Have-nots never complained neither has any interest than to make 2 ends meet. These parking places now will become difficult to liquidate.
Share market reacted negatively to this and still is recovering. But 2017 looks positive as banks have lot of cash, mutual funds have lot of investment coming as the bank fixed rates decrease.
Lot to analyse and sustain!!!
Common man standing in long lines to get cash in hand as the cashless is still a bit much to demand.
Rich is on verge of losing nothing if the money is in non cash firm.
Those who have stack of these notes are worst affected as there is no way other than to get it to bank to make it usable again. There are ways actually that normal people would think of. Only those who are foolish enough would be worst affected.
Money has become suddenly a commodity than a medium to buy. People are spending less an accumulating more or of fear that even this would vanish.
Transactions such as property and gold are going down. For years there have been people (haves) who purchased these out of their sheer cash strength. Have-nots never complained neither has any interest than to make 2 ends meet. These parking places now will become difficult to liquidate.
Share market reacted negatively to this and still is recovering. But 2017 looks positive as banks have lot of cash, mutual funds have lot of investment coming as the bank fixed rates decrease.
Lot to analyse and sustain!!!
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