Sunder’s List

Roundup: S&P +0.39%, Dow +0.31%, Nasdaq +0.52%, Gold $1,395.80, London +0.70%, Germany +0.23%, France +0.25%. At pixel: Nikkei flat, Hang Seng +0.75%

Given gold’s relationship with real rates, it can be best described as a leveraged bet that real rates will fall. But with obscene amounts of volatility and low long run returns. (noahpinion). Related: We’ll see gold prices continue to rise quite strongly over the next couple of months. (CNBC) [stockquote]GOLDBEES[/stockquote]

The Indian government is examining whether WMT’s $100M convertible debenture investment in Cedar Support Services (the parent of Bharti Retail) amounted to an illegal foreign direct investment in supermarkets. Many retailers are taking a wait-and-see approach to India as Parliamentary elections next year could ultimately lead to foreign direct investment in supermarkets being declared illegal once again. (SA)

A large number of ‘guaranteed-return’ schemes, being promoted through emails, websites, blogs and social media platforms, have come under regulatory scanner for luring gullible investors to unauthorised investment products promising huge returns. (ET)

Contagion typically attacks weak links first, often exposing vulnerabilities hidden in plain sight. The‚ÄČfall of the rupee exposes India as having the emerging world’s worst fiscal deficit and largest current account deficit in absolute terms. Indian leaders were quick to credit the boom to the country’s natural strengths, rather than the incoming tide of easy money. But now they are quick to blame their troubles on the receding global tide. Voters are wondering aloud how their ‘breakout nation’ became a ‘breakdown nation’, seemingly overnight. (FT)

Brick-and-mortar retail stores are becoming cheaper than Amazon. But lets not break out the champagne just yet, the article is anecdotal at best, but its worth keeping an eye on. (WSJ)

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