Vikas Seth (@Sethvikas) profile picture

Participant, Indian capital and Wealth markets, writer,sporty, thoughtful, philanthropy ideas in Teach children in municipal Delhi schools .

New Delhi, India
Joined October 2009
Photo by Vikas Seth (@Sethvikas)Photo by Vikas Seth (@Sethvikas)Photo by Vikas Seth (@Sethvikas)Photo by Vikas Seth (@Sethvikas)Photo by Vikas Seth (@Sethvikas)Photo by Vikas Seth (@Sethvikas)Photo by Vikas Seth (@Sethvikas)Photo by Vikas Seth (@Sethvikas)Photo by Vikas Seth (@Sethvikas)Photo by Vikas Seth (@Sethvikas)
Vikas Seth retweeted
Good news, India. Our trade deal is almost done. How do we know? Not from Parliament. Not from our own govt. We heard it from a visiting American Secretary of State at a press conference in Mumbai. He also had updates on which crude we are ready to refine, how pleased Washington is with where we buy our oil, and which American defence systems we should be buying next. Very thorough briefing. Our govt could take notes. At this rate the next Budget may be announced at a US press briefing, with our Finance Minister invited as a special guest. A trade deal decides the price farmers get for their crops, the margin of a small manufacturer and the cost of fuel for every family. These are not details a nation should learn from a foreign minister's travel diary. Will the Prime Minister tell Parliament what India is giving and what it is getting before he signs?
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Vikas Seth retweeted
A male friend of mine ran out of gas and called the cylinder guy. He straight away denied it. To help him out, I tried calling the same person. He picked up rudely: “Hello?” The moment he heard my voice, it became:“Haan ji madam, bataiye.” He didn’t say he’ll deliver the cylinder, but he also didn’t say no. He was like, “Madam bahut problem chal rha hai cylinder ka, par main try karunga.” Women are considered weak in many situations but in situations like this, we do have a strange little advantage.
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“In 2012, I faced a loss of Rs. 150 Crores in A2Z Limited. But I never spoke in anger with the promoters. Never blame anyone for your own losses.” “Learn to take defeat with a smile.” - Rakesh Jhunjhunwala. 2016
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While everyone is focused on oil: Venezuela currently holds 161 metric TONS of gold reserves. 161 metric tons is roughly 5.18 million troy ounces, worth ~$22 BILLION at $4,300/oz. This makes Venezuela the Latin American country with the largest gold holdings. Every $100 that gold rises, these holdings gain +$518 million of value. Controlling Venezuela is set to produce hundreds of billions of revenue for the US. Will the US take control of these gold reserves?
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Mr. Manish Chokhani explains why companies shouldn't price their IPOs at high valuations 💰📉 Credit: A clip taken from @NDTVProfitIndia YouTube channel
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You simply can't fight this market: Nasdaq 100 futures are casually up over +325 points right now. We barely got a -1% pullback after an +8% rally since October 10th, yet dip buyers are back. Bullish sentiment is through the roof.
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A forecast may tell you a great deal about the forecaster, they tell you nothing about the future. - Warren Buffet
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#NewsFlash | US President Donald Trump imposes 100% tariffs on all movies made outside the United States #Trump #DonaldTrump
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> Manoj Wadhwa, an IT worker > Met with an accident due to pothole > Lost his 3-year-old son > Wife nearly lost her legs > Fighting contractor in court for 11 years > Now filling potholes You pay taxes all your life, but no govt department helps when you need them most.
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Gold held in warehouses linked to the Shanghai Futures Exchange jumps from record to record (ridiculous levels), a sign of resilient demand for gold investments in China. More than 53 tonnes of gold bars have been registered for delivery against futures contracts (held on warrant). The build-up reflects a surge in arbitrage activity triggered by heavy demand for futures, which are trading at a large premium to the physical metal.  Traders take advantage of the price gap, buying cheaper gold on the spot market and delivering it to the exchange’s warehouse. From there, it can be used to offset sales of futures, allowing them to close an arbitrage position at a profit. At least that is what I think it is…! Never 💯 sure with the Chinese blackbox. @JanGold_
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Vikas Seth retweeted
All these companies are banks... Amazon gives $4B in loans. Google has $6B in G-Pay wallet. Apple holds $10B+ in Apple Pay savings accounts. They all have become banks without ever asking for a license. Here’s how Big Tech hijacked global finance without being noticed:
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*FED KEEPS RATES UNCHANGED AS EXPECTED *FED GOVERNORS WALLER, BOWMAN DISSENTED IN FAVOR OF RATE CUT *FIRST TWO-GOVERNOR DISSENT SINCE 1993
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I have left hope from @X I just want you all to help me reach the old followers as they are unaware. All it takes is to retweet the tweets or spread the word I used that account to raise money even for the NGOs and that’s what I consider as a loss as of now.
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Forgive yourself. Not for making the wrong choice, but for not knowing better at the time. You’re not too late. You’re not too far gone. You can start over at any moment- including this one.
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White House website now saying a trade deal has been reached with China.
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Vikas Seth retweeted
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Henry kaestner drops GOLDEN financial advice in this interview💰🔥
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How’s this for a simple approach? We keep 10% across the board tariffs for the special privilege of doing business with the U.S. to compensate us for the investments we have made in global defense, health and otherwise, and to compensate our country for historically unfair trade practices that have contributed to our massive deficits and national debt. We keep the pressure on China to resolve materially unfair trading practices, IP theft, currency manipulation, and other practices that have disadvantaged our nation. We pause reciprocal tariff implementation for 90 days so we have time to engage in private negotiations with other countries, focusing first on those whose tariffs and practices have materially interfered with the competitiveness of U.S. manufactured goods in their markets. Lastly, we consider that: (1) it does not make sense to have balanced trade with countries that are smaller than us and that have fewer resources to spend on US goods, i.e., we will forever be buying more from Madagascar than they will buy from us, (2) attempting to bring back jobs in low-wage manufacturing is not good for America, acknowledging, for example, that Bangladesh and Vietnam are better places to produce textiles and athletic shoes than here, (3) U.S. ‘exports’ of software, IP, finance, and other services are high value and important sources of trade that are not reflected in traditional measures of exports and imports, and if included in the calculations would make the balance of trade statistics look much more balanced, (4) our multinationals’ subsidiaries that sell services in foreign countries that are not counted in the balance of trade calculation, but generate profits, value and future dividends are good for America, (5) a goal of generating a dollar of exports for every dollar of imports is not a useful one, particularly on a country-by-country basis in light of our massively higher standard of living, and having the largest economy in the world. Lastly, the current trading system, while far from perfect or fair to the U.S., has served us extremely well so we need to be prudent in how we change it so as not to upset the world order in such a manner that it disadvantages our country over the long term.
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