Dear Reader,Everybody in the markets now knows about the immediate causes of the recent bout of nervousness in the markets. The worse-than-expected US unemployment data triggered expectations of an imminent 50 basis points cut in the US policy rate, while...
2 months agoDear Reader,GDP data releases are non-events for the market, unless they presage policy action that could affect interest rates and corporate earnings. Since the real GDP growth of 6.7 percent in Q1, FY25 is lower than the 7.1 percent pencilled in by the...
1 month agoDear Reader,The September issue of the IMF’s Finance and Development magazine has an article titled, intriguingly, ‘Fairy Dust’s Economic Possibilities’ by Zachary Carter, a scholar with the Carnegie Endowment for International Peace. The reference to fai...
1 month agoDear Reader,The Chinese authorities lost no time in taking advantage of the leeway provided by the Fed rate cut to signal a policy turnaround of their own this week.On Tuesday, the People’s Bank of China announced that it would reduce the banks’ reserve r...
2 weeks ago