Ajay D Bodke

[Ajay D Bodke @ajaydbodke]

5/5 Is it any wonder that large debt holders China, Japan are reducing US debt holdings & mopping up gold & other physical assets.Rising borrowing costs & reduced demand from foreign investors is pitted against US's insatiable appetite for foreign capital. Something's gotta give.

[Ajay D Bodke @ajaydbodke]

1/5 In his long Oct 1st interview for the TIME magazine Trump when asked asked about inflation & US's debt said "You know, inflation. Certain levels of inflation will also pay off that debt very rapidly. Very rapidly." It made me wonder whether his government intends to use

[Ajay D Bodke @ajaydbodke]

4/5For foreign debt holders its a double whammy: very low real yields &debased,progressively weakening USD eroding value of their US-denominated debt forcing them to buy more physical assets like gold, silver, oil, other industrial commodities & hard assets like mines, ports etc.

[Ajay D Bodke @ajaydbodke]

2/2 Indian IT outsourcing companies like TCS,Infy,Wipro etc are trading at 5%, 5.6% & 1.6% from their respective 52W lows. Accenture results should act as 'Sanjivani' for these comatose names that have borne the brunt of heavy FPI selling. Sharp re-rating & strong upmove likely.

[Ajay D Bodke @ajaydbodke]

1/2 Accenture has rallied strongly post qty results today on the back of broad-based growth across geographies, Industries & types of work alongwith strong EPS growth & free CF. Stock up 90% from its 52W low. Cognizant too is up 73% from its 52W low.

[Ajay D Bodke @ajaydbodke]

4/4 half of Americans struggling to pay for gas & groceries compounded by the closure of Hormuz and its impact on November mid-terms with Republicans fearful of losing both the House & the Senate are weighing heavily on Trump. Never say never with Trump.

[Ajay D Bodke @ajaydbodke]

1/4 Indian equities have plunged, global oil prices have flared up & volatility indices or fear gauges have spiked post Trump's statement that the preliminary agreement with Iran "is over" following Iran's attacks on tankers in Hormuz. However as the master of ambiguity, flipflop

[Ajay D Bodke @ajaydbodke]

3/4 mediators like Pakistan & Qatar too. I won't be surprised if he soon reverses his stance by citing some vague assurances & concessions offered by mediators on behalf of Iran or by citing incremental progress in negotiations. Ongoing affordability crisis with roughly

[Ajay D Bodke @ajaydbodke]

4/4Ongoing affordability crisis with roughly half of Americans struggling to pay for gas &groceries compounded by Hormuz's closure &its impact on November mid-terms with Republicans fearing losing both House & Senate are weighing heavily on Trump.Matter of time before he buckles.

[Ajay D Bodke @ajaydbodke]

3/4 to US negotiators like Vance, Kushner & Whitkoff or mediators like Pakistan & Qatar too. I won't be surprised if he soon reverses his stance by citing some vague assurances & concessions by mediators on behalf of Iran or by citing incremental progress in negotiations.

[Ajay D Bodke @ajaydbodke]

4/4 This preliminary agreement has simply kicked the can down the road for 60 days during which comprehensive technical negotiations over Iran's nucleur program will be discussed & till then should be viewed as continuation of conditional ceasefire announced by Trump on 7-8 April

[Ajay D Bodke @ajaydbodke]

1/4 Israel is seething. Elections are due in October 2026. Prime Minister Benjamin Netanyahu is facing scathing criticism for war objectives gone awry.

[Ajay D Bodke @ajaydbodke]

3/4 Iran agreeing to limit its ballistic missile program & abjuring use of proxies like Hezbollah, Houthis & Hamas against Israel & US. The third: never to pursue development of nucleur weapons was something Iran had anyways agreed as part of Nucleur NPT it had signed years back.

[Ajay D Bodke @ajaydbodke]

5/5 More tie-ups between leading global educational institutes &domestic ones &encouraging foreign Universities to open campuses here will benefit local ecosystem & bring global best-practices,develop physical infra & position India as attractive destination for overseas students

[Ajay D Bodke @ajaydbodke]

4/5 boost local educational ecosystem. Domestic tourism has one of the largest economic multiplier impact on employment especially for semi-skilled & unskilled workers & infrastructure build-up like hotels, restaurants, other travel services, transport infrastructure etc.

[Ajay D Bodke @ajaydbodke]

3/5 Reduction from USD 2,50,000 per person per year to a more reasonable & adequate level of USD 1,00,000 per person per year would still amount to Rs 3.82 crores per year for a family of four. It will also provide strong fillip to government's emphasis on domestic travel &