Ruchir Sharma
Graft’s Fifty Shades Of Grey
Though corruption is commonly cited as a leading issue in many countries, what it reveals about the state of a nation is far from straightforward
What GOI Can Learn From New Economic Stars
With their backs to the wall several nations have been forced to reform, leading to positive outcomes. Can India follow and push through productivity-enhancing measures?
Why Dragon’s Roaring Again
Investors are rethinking the caricature of China as a land of many risks, no rewards. Chances of arbitrary state action remain. But stocks are temptingly cheap
Trump Can Make America Hurt Again
High tariffs have been US policy for eight years. Even higher rates will make much of Asia & Europe focus on more non-US trade deals. India is less prepared. Over time, US will be affected
Will The Bell Toll For Wall Street?
America is starting to look like Japan that was bogged down under a pile of govt debt. All signs suggest the party’s end is near. It’s time to bet against American exceptionalism
US: Big Bubble, So Big Trouble
For strategists, America isn’t what it was. For investors, it’s the world’s hottest market, drawing 70% of global investment. But America is overhyped & overvalued. Something will end the party
Don Rose As Capitalism Broke
For most Americans, US economy looks like a state-funded spoils system for the rich. Their anger powered the Trump wave. Similar anger is at work in other developed Western democracies
The Don Of Ordinary Americans
Average Joes were mad about their economic situation. Pundits missed it. Trump got it
The other Canadas
One reason Trudeau broke diplomatic protocol to go after India is his country’s economic troubles, which have made voters angry. Canada, like Germany, Chile, Thailand, used to be a star performer. They have lost the lustre
Xionism: Get rich, get in trouble
Chinese tycoons no longer want to top billionaire lists. Xi-led communist party is targeting the super-wealthy, who must lie low or face official wrath
Dollars leaving America
After a poor decade, emerging economies, including India, are witnessing a revival. Global investors may not have taken the cue yet, but this has dramatic implications for capital flows
Is Trump great at cutting red tape?
No. But he is at least addressing a fundamental source of America’s disgust with capitalism today, excessive bureaucratisation
Capitalism: We need more, not less
Govts’ policy of providing a constant stimulus to economies has slowed growth, created zombie companies and skewed income distribution. Capitalism needs room to work
Only wave is the heatwave
Coast to coast, cutting across Andhra, Telangana, Karnataka and Maharashtra, local issues are driving the chatter & the voter. That’s not the best news for BJP
America’s sugar rush
US govt pumped in more stimulus during Covid than other countries. That’s still keeping American economy looking strong. But when the effect wears off, the landing may come fast
GOI, Bitcoins are jingling
The most popular cryptocurrency is starting to look like more than a passing fad. Many see it as a legitimate investment. India is a large market. Govt’s unfriendly stance is unusual
US and India: Two bulls, two markets, two stories
Stocks are booming in US and India, but India’s boom has a much broader base. That means Indian markets have greater growth potential & the bar of expectations is set high
Why Beijing’s balloon is going bust
China’s rise is reversing. Its share of global GDP is falling for the time since the Mao era. Further, its shrinking share of the world’s workers also means a smaller share of growth
Why stocks aren’t in meltdown
Threats of long-drawn conflicts, war, are ever-present but rarely materialise full blown. The collective mind of markets knows this. Thus, their relative calm in the geopolitical storm
Don’t diss the dragon
Mainstream commentariat now sees China stagnating but there is also a case for its economy bouncing back. The brightest spots include its still formidable tech prowess and EVs