- Wealth PMS (50L+)
The macro is never important until it is. Right now, there's some fear in the market about :IL&FS . If you say IL&FS the stock market falls. NBFCs. Which is another four letter word, and the wrong one apparently. The fear is they will all default and then go to zero. Interest rates: the US will keep raising rates and we'll all die. Indian fiscal deficit: The government is in deep trouble and . . .