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Fiscal Policy Course Correction

Sep 3, 2019

11:01 am

“If you really want something in life you have to work for it. Now quiet! They’re about to announce the lottery numbers.” – Homer Simpson Everyone knows everything today. There is an avalanche of data, opinion, news, blogs available on the net, much of the easily sourced is negative. Global media creates a veritable state…

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Implications of an Inverting Yield Curve

Aug 19, 2019

12:25 pm

“Be a loner. That gives you time to wonder, to search for the truth, have holy curiosity. Make your life worth living.” – Albert Einstein The yield curve has inverted, and a long hibernating bear woke up this week, as conditions are starting to look decidedly gloomy. Marc Faber, aka Dr Doom was back, suggesting…

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RBI Policy – Monetary Policy Doing the Job, Fiscal Policy Intervention Needed

Aug 7, 2019

12:08 pm

The Reserve Bank of India today decided to reduce the policy repo rate to 5.40% from 5.75%. While, all the six members of the MPC were in favour of a rate cut, two members voted for a 25bps rate cut and four members voted for a 35bps rate cut. The MPC decided to keep the…

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The Onerous Cost of Capital

Aug 5, 2019

11:34 am

“Wealth isn’t primarily determined by investment performance, but by investment behaviour.” – Nick Murray U.S. Central Bank Policy Tapers Investor Expectations Dovish central bank policy has been one of the key underpinnings of our outlook this year. That domino fell last week, with the Fed dashing expectations of a sustained monetary easing campaign. In all…

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