BUSINESS
Xi-Biden meet: stepping back from the brink
While the US wants to co-operate with China on ‘transnational challenges’ such as climate change, global macroeconomic stability, health and global food security, on the economic front it will continue to ‘compete vigorously’, code for saying that the economic war will continue
BUSINESS
The fall in retail inflation in October is due entirely to the base effect
Overall month-on-month consumer price inflation was 0.8 percent in October, the highest monthly rise since May this year
BUSINESS
Is consumer staples production really at the same level as it was five years ago?
If the IIP numbers are correct, industrial production growth is vastly at odds with the upbeat picture of a robust recovery painted by the Reserve Bank of India and government agencies
BUSINESS
What the FTX meltdown is telling us
Ultimately, cryptocurrencies, along with NFTs and SPACs, were the poster children of the liquidity bubble built up by ultra-loose monetary policy and decades of easy money
BUSINESS
The UK’s share of the world economy has been steadily shrinking
India’s share of the world economy, in PPP terms, exceeded the UK’s share as far back as 1993
BUSINESS
A self-destructive rally?
The Fed is failing in its objective of tightening financial conditions. And the market rally is one reason why market conditions remain accommodative
BUSINESS
Flash PMIs show the US, UK, Eurozone economies shrinking this month
While inflationary pressures are easing, they haven’t come down enough for central banks to feel comfortable, although some of the doves will feel emboldened to argue for caution while hiking rates, particularly in view of the shrinking economy
BUSINESS
Will Xi Jinping be China’s Stalin?
Xi is trying to change the drivers of the Chinese economy at a time when there is a plethora of domestic and international challenges. The odds are stacked against him
BUSINESS
Problems of 2020s can’t be solved by policies of 1980s: UN agency
Conditions in Volcker’s time were very different from those prevailing in today’s globalised, hyper-financialized and debt-ridden economy
BUSINESS
Fund manager survey ‘screams macro capitulation, investor capitulation, start of policy capitulation’
Bank of America survey says big market low will happen in first half of 2023, but stage set now for bear market rally
BUSINESS
Ten reasons for optimism in RBI Bulletin’s state of the economy report
The report cites the view that ‘India is likely to be among the few emerging economies that would be left standing after the global hurricane has passed’
BUSINESS
Moneycontrol Pro Panorama | ‘There is great disorder under Heaven, the situation is excellent’
In today’s edition of Moneycontrol Pro Panorama: India looks to continue its relative outperformance, issue of monetary tightening divides RBI MPC, the history of political splits and symbols, India and UK need to sort out trade issues, and more
BUSINESS
The worst of both worlds -- Inflation up, industrial production shrinks
Monetary Policy committee members have expressed concern about the impact on inflation expectations of prolonged high inflation
BUSINESS
IMF World Economic Outlook: Consumption to drive India’s growth in the near term
With exports slowing down and only a tepid rise in investment demand, consumption will continue to be the mainstay of Indian growth
ECONOMY-2
IMF projections: Chinese economy in 2027 will be 93 percent of the US
The IMF’s World Economic Outlook says central banks should ignore the demand for a pivot and instead focus on getting inflation under control
BUSINESS
Helicopter Ben, doughty defender of casino capitalism, deserves the Nobel
While it’s easy to criticise Bernanke for his policies, we must also consider the context in which they were framed
BUSINESS
Global supply chain bottlenecks are now lower than at the beginning of the pandemic
The New York Fed’s Global Supply Chain Pressure Index (GSCPI) shows supply-side inflation is coming down
BUSINESS
RBI surveys don’t echo the central bank’s upbeat assessment of Indian economy
What kind of a recovery is it when almost half those surveyed say they don’t expect their income to increase in the next one year?
BUSINESS
Bank of England first central bank to pivot; will others follow?
Bank of England is back to Quantitative Easing (QE) and markets hope other central banks, including the US Fed, will soon follow
BUSINESS
OECD predicts inflation will remain high in 2023, despite lower growth
The OECD report on the economic outlook says, ‘annual inflation in 2023 will remain well above central bank targets almost everywhere.’ That is bad news
BUSINESS
Credit Suisse: The richest 1 percent of Indians have 41 percent of the nation’s wealth
The Credit Suisse Global Wealth Report for 2022 says much of the growth of household wealth this century in the US and India has bypassed the lower and middle wealth tiers
BUSINESS
Putin doubles down on his disastrous Ukraine gamble
The Russian power elite is unable to reconcile to the reality that they are now a pale shadow of what the Soviet Union used to be, their army is no Red Army, their generals are not Marshal Zhukov
BUSINESS
Waiting for the Fed — How much is priced in?
On the eve of the FOMC meeting, the market has already priced in a 75 basis point hike. Investors will look for clues whether the fall in inflation expectations and the slowing of US growth will make the Fed less hawkish
BUSINESS
Will the US Fed tip the world into a recession?
The worry in the markets is that the Fed is misreading the situation and tightening at a time when growth is slowing and inflation has peaked. The hope is that the Fed will pivot sometime next year
