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Its No Longer Transitory

Dec 7, 2021

6:01 am

• Omicron has shown that COVID is simply not transitory • The Fed no longer considers inflation to be transitory, yet the policymakers’ response to the COVID crisis is increasingly coming into question • The 10-year yield hovers under 1.40%, but it neither discounts the underlying growth in the US nor the risk of inflation…

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The Omicron Edition

Nov 30, 2021

7:05 am

• Omicron, the new COVID strain overwhelmed markets last week, but concerns appear misplaced as of now • The initial impression about the new variant is still sketchy and clarity will likely emerge over the coming days • For European equities, already grappling with ECB’s inflation stance and spiking infection levels, Omicron appeared to have…

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The US Gives Thanks while Europe Worries

Nov 23, 2021

5:54 am

• Economic growth remains hot in the US, but worryingly it is causing inflation, which remains stubbornly high • Despite surging COVID infections across Europe and parts of the US, full-scale lockdowns are unlikely and any impact on growth should be “transitory” • Nevertheless, the fresh wave of infections in Europe has prompted some economists…

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The Valuation Dichotomy

Nov 17, 2021

5:39 am

Indian markets have witnessed a stupendous rally over the last one and a half years partly driven by the economic recovery post the pandemic led meltdown and partly owing to the optimism in investor sentiments. Nifty has returned more than 50% over the last one year with only two months of negative returns. With such…

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