Student of Market. believer in Mutual Fund Sahi Hai. These are my personal views. Retweet is not an endorsement of views.
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Deficit needs to be reduced over time by -Encouraging Local coal production -Shifting investment from Gold to MFs/Deposits -Encouraging Domestic tourism - Bringing Harvard to India instead of sending Indian kids to Harvard. - Use Sam,Dam,Dand, Bhed to lower Chinese imports
Boris Becker a tennis legend went to Jail for hiding $ 3 m of assets in insolvency to avoid paying debt. Same happened with Bernie Madoff. Go to Jail & Lose all the illegitimate Money. In India that rarely happens. Promoter lose Bankrupt Cos but not the siphoned off money.
A data driven RBI will keep playing balls on merit and continue to keep the growth score board moving while keeping wickets (inflation) under check
The RBI has given “Main Hu Na” ( we are there ) monetary policy reassuring market. In the world where central banks are fighting to regain credibility, the RBI stands tall and differentiated managing conflicting objectives of growth and inflation admirably.
If US goes back to Gold standard like Pre 70s than Gold prices are likely to appreciate significantly. India being the largest holder of Gold will have a material wealth effect.
What’s app forward Took little time to understand : Food inflation is taking a toll on food & snacks. BHEL used to be 40 Rs today its 90 Rs 🤪
TOI headline Sunak’s plan to restrict foreign students (Indians are 24 %) could bankrupt UK universities : Experts. Our Outward flows on education is increasing at a rapid pace. Can we bring Foreign Universities to India rather than sending our kids abroad ?
Silver Gold Ratio. Has it bottomed out ? While rising US rates are negative for precious metals, silver seems to have taken more beating than Gold.
SMS “Dear Customer your SBI credit card points worth INR 7850 expired by today kindly redeem your points in cash by click here SMSREW” What a lucky day. Even though I don’t have SBI credit card, there is a lottery of Rs 7850.
What’s app forward. For the first time Five Cos have recorded Rs 10,000 Cr in Quarterly profit. Reliance - 14k ONGC - 13k SBI -13k HDFC bank - 10k TCS - 10k May the tribe keep on increasing
For sometime we have maintained that there are two parts of economic movie. First part is a horror movie with rising inflation,rates & falling asset prices. For Happy Ending, there will be a masala movie where rates & liquidity will support asset prices. Are we at Intermission?
Like Sunil Gavaskar determined Indian batting fortune in his days, Maharashtra determines India’s Growth Fortune. Current SGDP of Maharashtra is at the same level as Indian GDP in 2005. Maharashtra is just 17 years behind whole of India.
As per WGC cash remains preferred method of payment for Gold purchase accounting for 50-60 % in Metro and 70-80 % in rest of India. This data could be understated due to wholesale gold buying. No price for figuring out why.
Ben Bernanke is a Great Central Banker as he cut Interest rates,supplied Liquidity & rescued Wall Street/saved Financial system.He juggled Growth, Inflation & stability.He created Short term gain (Growth & stability) but as per his critic possibly Long term pain (Inflation)
Paul walker was a Great Central Banker as he Raised Interest rates,Tightened liquidity and broke the back of Inflation. He let go Growth to focus on High Inflation.He probably created short term pain (Low Growth / Recession) but ensured long term gain (low inflation)
US Fed is raising interest rate at fastest pace to control runaway Inflation. Safe heaven notion and rising rates have strengthened USD against almost every currency Strong Dollar is usually a harbinger of Financial crisis Will it be different this time ?
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Student of Market. believer in Mutual Fund Sahi Hai. These are my personal views. Retweet is not an endorsement of views.
Followers: 576,778
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