Yesterday by car it took 3 hours from vidyavihar to thane in evening due to traffic in #easternexpresshighway and in AC local this is the situation. @drmmumbaicr there is zero ticket checking. Is there any accountability to make daily commuting even humane?
If youโre wondering why Indian markets are not re-rating, look at nominal GDP growth.
It averaged close to 12% in 2013-2023. Now it is more like 8-9%. That is a very different earnings environment.
Nominal GDP can improve in two ways:
Better government spending, especially a shift toward capex.
Currency depreciation, which lifts rupee GDP mechanically.
But the second is not the same as genuine domestic strength. Markets can support a higher multiple only when growth is healthy, broad-based, and policy-backed.
I think India can get back to 10%.
12%? Much tougher unless capex spending becomes a much bigger part of the mix.
(chart courtesy Nuvama)
@GabbbarSingh A car has stopped being a status symbol and has become a survival tool. With roads as unpredictable as they are, your first financial goal should be safety on four wheels.
Who the fuck is selling gold?
We have Bessent intervening in the yen and calling up Warsh so he can print dollars to buy yen...
All of this hassle is about keeping US rates from rising.
And now people really believe Warsh is going to hike rates? Ridiculous.
Powell was perceived as a hawk. He wanted to cut the Fed's balance sheet in half...
He ended up doubling it.
Warsh can talk tough all he wants. At the end of the day, he will sacrifice the dollar to save the bond market.
We all don't own enough gold for what's coming.
@NimishaChanda If your choice is between meal prepping or relying on outside food with unknown ingredients and freshness, meal prep is always better!!!
Three months of consistent workouts, and Iโve officially reached the stage where I look forward to the gym even after a brutal day at work๐๏ธโโ๏ธ๐งโโ๏ธ