Omkar

economics // finance // options trading

[Omkar @om1wankenob1]

@1shankarsharma @harshmadhusudan Net errors and omissions is a measurement error/statistical discrepancy rather than a the gap between acrual and cash. This specific gap is captured in the 'Other Capital' component of India's BoP. You may check the press release on Sources of Variation in India's Forex

[Omkar @om1wankenob1]

@deepakshenoy If the aim is to curb CAD, then such a policy has no effect.
If the aim to curb excessive usdinr volatility, then it can be achieved much more directly by other means.

[Omkar @om1wankenob1]

@deepakshenoy Which has the same effect as one would expect from direct intervention by the RBI in the forex market otherwise.

[Omkar @om1wankenob1]

The deflator for PFCE is still ~3% which might seem low but it is so on a high base of ~10% in the corresponding period last year.

GFCE, that has aided growth in the current period uses WPI to deflate GDP at current prices to arrive at estimates at constant prices.

[Harsh Gupta Madhusudan @harshmadhusudan]

India Apr-Jun 2023 YoY growth 7.8% in real terms (very impressive) but nominal growth of ~8% shows that the annual inflation (deflator) during the quarter was basically zero.

Too much vol in Indian CPI partially because food weights etc very outdated by now. Engel’s law beckons.

[Omkar @om1wankenob1]

@harshmadhusudan @neelkanthmishra Can you provide a link to the report?

[Omkar @om1wankenob1]

@harshmadhusudan Vegetarianism is not a problem but the idea of purity attached to it has its root in casteism - that is the problem.

[Omkar @om1wankenob1]

US FED kindergarten program

[gfodor.id @gfodor]

My son recently learned he can buy stuff with money. I came into my office to find this.

[Omkar @om1wankenob1]

@harshmadhusudan The context was pretty clear and so was the meaning. To find nuance where there is none is gravely disingenuous.

[Omkar @om1wankenob1]

@Macro_Maniac_ peak whataboutery

[Omkar @om1wankenob1]

@Macro_Maniac_ It wasn't any different in the 5 years BJP did!

[Omkar @om1wankenob1]

@shravansampath I'm sorry but that's not true. You'll be surprised if you go through the entire list of annual Padma awardees before 2014. The ones you know were highlighted because they were related to some politician but it's a small subset.

[Omkar @om1wankenob1]

@tamasa_sarkar @Spotify Spotify username is basically a unique identifier generated automatically, so can't be changed. You can change the display name though.

[Omkar @om1wankenob1]

@RahulVemuru 😭😭

[Omkar @om1wankenob1]

Found this paper by IMF Stats. Dept that has attempted to explain the treatment and classification of crypto assets under current standards for macro statistics.

I'm yet to go through it completely, but it seems relevant at first glance.

https://t.co/RJ1dUczDAH

[Niranjan Rajadhyaksha @CafeEconomics]

Macro folks, how will Indian holdings of crypto assets get accounted for in our national statistics -- as domestic financial savings or as a capital account outflow? Any idea?
HT: @sudhirmehtapune for the visual.

[Omkar @om1wankenob1]

@amitvarma This is going to make for some pretty dank memes...calling it.

[Omkar @om1wankenob1]

@tamasa_sarkar P.s. I have no idea why Pune News rt'ed my comment! 😕😂

[Omkar @om1wankenob1]

@tamasa_sarkar Oh lol had no idea where you college is. I'm guessing Pune if it's just 2hrs away 😅

[Omkar @om1wankenob1]

@tamasa_sarkar Ah okay makes sense! But not even for saying last goodbyes? :p