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Lame Ducks to White Swans

Oct 30, 2017

11:26 am

“Knowledge of what is possible is the beginning of happiness” – George Santayana A mosaic is taking shape, and a picture of an economy with structural low inflation, declining cost of capital, credit score based infrastructure, improving productivity, sound fiscal policy, credit multipliers, public investment multipliers, leapfrog technology, and healthy rural and urban consumers is…

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Key Drivers for the Next Leg Up

Oct 16, 2017

1:52 pm

“If you look carefully, almost all Old Money secrets can be traced to a single source: a longer-term outlook.” – Bill Bonner In the face of dismal expectations for earnings this quarter, we have witnessed a surprising IIP print at a four month high of 4.3%, lower than expected inflation at 3.3%, robust auto sales,…

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Monetary Policy Update

Oct 5, 2017

4:57 am

Repo Rate Maintained at 6%, Policy Tone Remains Neutral The Reserve Bank of India today decided to keep the policy repo rate unchanged at 6% in an “effective” 5-to-1 vote. 5 voted for status quo, while Dr. Ravindra Dholakia voted for a 25bps cut. The Monetary Policy Committee maintained its neutral stance on monetary policy…

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A Shot in the Foot

Oct 4, 2017

1:26 pm

Thirty years ago, no one could have foreseen the huge expansion of the Vietnam war, wage and price controls, two oil shocks, the resignation of a President, the dissolution of the Soviet Union, a one day drop in the Dow of 508 points, or treasury yields at 2.8% and 17.4%. But surprise, not one of…

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