Economic commentators are disappointingly short on metaphors. New economic figures released last week prompted a slew of articles asking whether or not India’s economy had “turned a corner,” “cleared the woods” or begun sprouting “green shoots.” After a turbulent summer – and against the backdrop of a lingering global downturn, looming general election and a booming China – it’s no surprise that Indians, and investors, are desperate for signs that the country’s economy is “back on track.”
As the global markets flopped at the end of last week under the repeated threat of the Federal Reserve removing its support for the US economy, one market decided to go the other way – India. Continue reading “Indian Economy and stock market on different note”
Well this is brilliant on Saturday as a read 🙂
The Federal Reserve is awaiting
That prices may start re-inflating,
So they can foresee
Whose tapering they’ve been debating.
The Fed will not bother to taper
Its purchase of Treasury paper
‘Til the jobless rate now
And inflation allow
An end to their stimulus caper.
To avoid causing stock volatility
‘Til he can discern
A sustainable turn
To price and employment stability.
Yesterday I was going through the commentary provided by Satyajit Das to a financial daily that was focused on “The return of the Golden age”.
He quotes Investors have poured money into exchange traded funds that buy gold. Some central banks are now rebuilding their gold reserves. In Germany, gold is available in airports and train stations from “Gold to Go” vending machines. Shoppers can buy a 1-gram wafer of gold or a larger 10g bar. Gold bugs speculate about a new age of gold.
The above statement was made as the Federal Reserve is giving the U.S. economy Continue reading “Satyajit Das : Counting on GOLD’s Midas Touch”
Economy always passes in different phases could be classified as the boom phase, the downside or the burst phase . Central bankers are the key players in the economy with limited power in their hand.
Alans Greenspan ( former Chairman of the Federal Reserve) and YV Reddy ( Former Chairman of RBI) were credited with far greater power then they ever had and with responsibility for outcomes largely beyond their control. Central bankers actually have very limited tools and hence limited powers.
Reddy in India understood Continue reading “THE TWO CENTRAL BANKERS – Shared in many B schools”