With vacation season being on in the Eurozone newsflow from that part of the world has suddenly fizzled out and the risk trade has come back in right earnest. Global markets that were as it is itching to move up after a period of uncertainty have continued to build on the rally started by Draghion the last […]
Read MoreThe most hotly debated topic and the words that we read in the papers related to the weather these days is the phenomenon of El Nino. As such I decided to do some research on the same to see what impact it has actually had on monsoons in the past. This phenomenon is also being […]
Read MoreThe last few days have been full of so many events both local and global. It is important to take a perspective of the same to arrive at some sort of view on the direction going forward. The first few data points were from the domestic side where we saw the Index of Industrial Production […]
Read MoreI have been a strident critic of RBI’s monetary policy stance over the last several months and most economists have been critical of this stance as they have focused on the ‘Inflation Bogey” to support RBI’s growth destroying monetary policy. Although RBI has historically had a good track record in terms of maintaining macroeconomic stability […]
Read MoreOver the last few months the fears of a new balance of payments crisis in India has gripped headlines and is being propounded by a vast majority of analysts and economists. Although the continuously rising trade deficit is of concern due to the growing domestic demand and a reduction in exports growth momentum due to […]
Read MoreAmongst a feeling of all gloom and doom, especially in the domestic side of the economy where most people believe that India has thrown away an excellent opportunity to attract capital and grow strongly at a time when global liquidity is ample and there are enough opportunities to invest in India be it the infrastructure, […]
Read MoreThe Indian markets and the way the government and various regulators seem to be working are clearly testing the patient of most investors at this stage. The year started off with extreme pessimism and cheap valuations and we saw the markets move up sharply over the first few months in the hope of improvement in […]
Read MoreI was too bored to write on the Union Budget with a plethora of analysis available to everyone and also the fact that most of the things were analyzed threadbare by each and every one and in general the budget was taken as neutral to negative. The key figure that most disbelieve is the Fiscal […]
Read MoreOver the last few months as the economy has continued to stagnate and interest rates have continued to be high we have seen a spate of Corporate Debt Restructuring (CDR) references from Debt laden corporates. For a large number of analysts it was very apparent that this was imminent although the banks continued to feign […]
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