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143 ArticlesMacronomics

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Macronomics: Green Shoots and Why We Think Interest Rates Are Likely To Fall in 2019

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. ...
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Macronomics: Understanding the Mad Market Move, Liquidity and Margin Pains

  Here’s a bit of the stuff that’s been impacting the market. We’ll try and put it in perpsective. Markets have fallen mostly because ...
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Macronomics : RBI Forces Base Rates To MCLR, and How This Will Hurt Banks

The recent RBI monetary policy said that banks will need to link their base-rates to MCLR. While this looks simple, it has a large impact on ...
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Macronomics: The Bond Market Warning You Should Be Aware Of

In Macronomics today, we take a look at what’s happening, quietly, on interest rates. So it turns out that things have rapidly changed in the last two ...
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Macronomics: Agri Estimates Among Three Reasons Why Long Bonds Are In Trouble

In the stock market, no one’s worried about anything. Apparently, it doesn’t matter that crude oil made a multi-year high. Jet Airways made a 10% ...
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Macronomics: The Current Account Deficit Says We Are Even More Dependent on Investment Inflows Now

India has reversed from a current account deficit which was becoming more and more manageable, to a point where the deficit has now increased to the highest in ...
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Macronomics: Why Did RBI Print Rs. 83,000 cr. To Buy Dollars?

Today in Macronomics we consider an interesting point: RBI’s actions on the rupee-dollar, after demonetization. They’ve been buying dollars. A lot ...
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Macronomics: Banks bet on personal loans, but are we seeing a subprime move?

A quick look at sector credit today, once again. As of June, 2017, bank credit has been stalling at about 5% overall growth. Banks are continuing to favour ...
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Macronomics: That Pesky P/E and CAPE Ratio Chart Which Reveals Extreme Valuations at Abysmal Earnings Growth

________________________________________________________________________ It’s unfashionable to talk about things like valuations now. The latest Howard ...
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Macronomics: India's Financial Stability Report Shows Super-Stress In The Banking System

We've had an NPA bulge, demonetization, GST, Loan Waivers, Bankruptcy Law, Lower bond yields etc. This impacts the financial sector a lot. And here are some ...
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