The Slack Discussions

A brief summary of some of the interesting things discussed there in the last few days:

#general: How GST will impact various sectors

Implementation of GST will affect various sectors differently. Grant Thornton offers a quick look at how some of them will fare if the proposed bill is passed in Parliament. (Link)

#macronomics: Japan’s ‘Helicopter Money’ Play: Road to Hyperinflation or Cure for Debt Deflation?

(Link)

#general: Billionaire Radhakishan Damani Adds Glittering Sparkler Stock to Multi-Bagger Portfolio

Radhakishan Damani has scooped up a truck load of a top-quality micro-cap stock engaged in the jewellery business. The stock scores well on the parameters adopted to evaluate investment worthiness of micro-cap stocks and is likely to thrill the veteran Billionaire with mega gains. (Link)

#macronomics: Abe to announce ¥28 trillion stimulus package next week

Prime Minister Shinzo Abe said Wednesday that the government will draft a stimulus package with a headline figure of more than ¥28 trillion to reinvigorate the flagging economy. (Link)

#general: Jabong – the un-making of a unicorn

The Myntra-Jabong deal reveals stark truths about the new reality of the Indian e-commerce space. (Link)

#fx-commodities: Experts: “Peak Gold” Has Arrived

Gold demand nears fever pitch…
Cracks are now visible in the central banks’ wall of deceit. Trillions of dollars of bonds now trade at negative yields. Helicopter money is in the cards. People the world over now sense the jig is up. So one important question hangs in the air: Will there be enough gold to match exploding demand? (Link)

#general: Full text: Raghuram Rajan explains why ‘uninformed’ and ‘motivated’ criticism is dangerous

The use of evidence in the policy dialogue was the theme struck by Reserve Bank of India governor Raghuram Rajan during his inaugural address at the 10th Statistics Day Conference in Mumbai on Tuesday. (Link)

#general: India Achieved in Two Years What China Didn’t in a Decade

A homegrown smartphone operating system has taken second spot behind Alphabet’s Android. (Link)

#general: The coming revolution in Indian banking

Increasing penetration of smartphones, Aadhaar-linked bank accounts and a host of powerful open and programmable capabilities is set to create the ‘WhatsApp moment’ for Indian banking. (Link)

#general: Vistara doubles market share, Jet sees steep fall

Vistara has doubled its market share to 2.8 per cent in June over the corresponding month last year. Jet Airways saw the sharpest fall among all airlines during this period.
Domestic air traffic rose 20.81 per cent in June on the back of low fares and peak season demand. (Link)

#general: IPOs: They Exit, You Enter

(Link)

#general: GST inches closer to becoming a reality; 10 stocks you can bet on

The much-debated goods & services tax (GST) inched closer to becoming a reality after the Union Cabinet on Wednesday approved amendments to the constitutional amendment bill, incorporating suggestions by some of the states and opposition parties. (Link)

#general: Apple celebrates one billion iPhones

At an employee meeting in Cupertino this morning, CEO Tim Cook announced that Apple recently sold the billionth iPhone. (Link)

#general: Osram Lightify light bulbs ‘vulnerable to hack’

Security researchers have discovered nine vulnerabilities in a range of internet-connected light bulbs made by Osram.
The flaws in the Lightify products could give attackers access to a home wi-fi network, and potentially operate the lights without permission. (Link)

#general: How Much Do Interest Rates Affect the Market’s P/E Ratio?

(Link)

#stocks-fundamentals: Why have NBFC stocks been on fire?

Investors have fallen for stocks that till yesterday were considered just an arbitrage play over banks. (Link)

#macronomics: Forget Japan’s Stimulus the Big Event Is the BoJ

Prime Minister Abe’s fiscal package amounts to ¥28 trillion (Abe has said ¥27 to ¥28 trillion) or around 6% of GDP, which sounds chunky, but according to Frederic Neumann, co-head of Asian Economics Research at HSBC the actual economic impact felt from the spending is bound to be smaller and weaker than the headline figure. (Link)

#general: In 2017, Investors Will Say, “I Wish I Listened to You Last Year!”

(Link)

#backtobasics:

A miserable 2 per cent – Link
Bulkowski’s Flags – Link
Knowing Where To Get Out Before Getting In – Link
The Unbearable Transience of Alpha – Link
Understanding the Total Expense Ratio of a Mutual Fund – Link

Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.