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May 2010: The Absorption of Illicit Financial Flows from Developing Countries: 2002-2006, which examines where trillions of dollars in illicit outflows from the developing countries, being proceeds of crime, corruption, and tax evasion, are being deposited. It has been reported that the greater part of illicit flows departing from one country and arriving in another are transferred as cash through the shadow financial system, resulting in deposits in accounts outside countries of origin. It has been demonstrated that developed countries are the largest absorbers of cash coming out of developing countries and developed country banks absorb between 56 per cent and 76 per cent of such flows, considerably more than the OFCs.
2.7.4 (e) White paper on black money...
there may be a short term rally despite the weakened rupee and reliance may be trading above 800. Its always better to invest when nifty is near 4900 (where lot of bad news are around) than when nifty is 5400 (Where there is lot of optimism)...
Reliance
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jai sharemaster
Survey says over 80% respondents said they do not even look at FB Ads clicking it is a far off Dream..
That poses a challenge as well as opportunity of Growth.
Question is will they be able to do it..
Currently too high a price to pay for Opportunity in my mind and hence stock is falling.
A typical case of value all future Growth in current price, and when that is done upsides are capped and downsides are deep....
Reliance
: jai sharemasterFacebook the Over Priced IPO is now trading around 33$ compared to IPO price of 38$.. The Greed of over pricing IPO`s is not local in nature. FB Zynga are most recent examples of stocks being highly over price to benefit promoters alone....
