The last 25 years have been all about the rise of China. Although political freedom never came, the country prospered initially via export led growth combined with huge fixed asset investments and then a huge jump in consumer demand driven by a huge uptick in per capita GDP. Currency, interest rates, subsidies, copy cat technologies […]
Read MoreThe month of August, I must confess went completely contrary to my expectations where I had expected the markets to cool off given the high valuations and growing speculative excesses along with the huge money drain out from sub par IPO’s priced very aggressively. However the markets this month completely moved to the other side […]
Read MoreThe current month saw significant divergences in performance across markets and asset classes. On one side the commodity rally continued with soft commodities joining in, bond yields continued to hover around lower levels despite a pick up in economic growth, Covid continued to form new waves in different countries even as the efficacy of Vaccines […]
Read MoreOver the recent past the key barometer that the government and many analysts have used to measure the growth in the economy have been higher GST Collections. However in an inflationary economy and where the unorganized sector and smaller companies are suffering due to Lockdowns and Covid waves this assumption is fallacious. It is also […]
Read MoreASKSANDIPSABHARWAL.COM The current month was another strong month for the markets with both the large cap and mid cap indices rising by 5-6%. The rise of the markets continued despite outflows from foreign investors and muted buying from domestic institutions. The retail participation in the markets has continued to grow which is also reflected in […]
Read MoreThe current quarter was an extremely volatile one for the markets with significant swings as markets adjusted to various developments all around the world. As I write now it is very clear that there will be an aggressive recovery worldwide over the next 12 months. However with recovery will also come the side affects of […]
Read MoreLast year in March as Covid hit the country we saw the nation Lockdown. The number of cases remained less than the overall panic in the system and many cities, towns and most villages remained immune to the disease. This was accompanied by a huge cut down in interest rates, fiscal measures, loan moratoriums and […]
Read MoreThe Union Budget has come and gone. A lot will be written about specifics of the Budget etc and I don’t want to get into all of them. My key analysis theme is about the impact of the Budget on the Economy via the various measures taken. The current year saw the Governments expenditure move […]
Read MoreThe current week was a break in the trends in more asset classes than one versus that was on for the last several weeks. Stock Markets, commodities, bonds etc all sold off, some moderately and some aggressively. Cryptocurrency volatility came back strongly and the huge short trade against the US Dollar unwound a bit as […]
Read MoreI have a magical Bull whose shit has magical properties. Whoever owns one kg of the shit sees his/her life change altogether. However the Bull produces only 5 kgs of shit every day and the magical properties of the shit will run out as soon as the Bull hits 5 years of age. Currently the […]
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