More bailouts....bad loan problems? No worries. Free money to all the banks....amazing how many trillions of dollars have been handed over to banks since the crisis began world wide... basically we now have a world wide economy that relies on these trillions of dollars worth of handouts to create "growth" because the real way of producing actual growth is non existent.... India just said it's pumping $32 billion into its banks — here's why it matters India on Tuesday announced a recapitalization plan worth tens of billions of dollars — a possible "game changer" in addressing the country's bad loans problem The plan could provide cheer for investors worried about Indian banks' worsening balance sheets The plan is expected to boost growth and investment, but it also poses certain risks to businesses and the economy https://www.cnbc.com/2017/10/25/ind...ion-into-its-banks--heres-why-it-matters.html
I know essentially zero about the markets in India and the opportunities. Anybody care to share if there are any interesting areas worth investigating into further? Given the above I assume there are some distressed debt type situations in play.
I bought an Indian ETF. India is a buy according to The Arora Report. Arora says the recapitalization of Indian banks is good for India's economy and stocks. I saw today that Morgan Staney upgraded an Indian bank.