Authored by EconomicPrism's MN Gordon, annotated by Acting-Man's Pater Tenebrarum,
A Great Big Dud
Many of today’s economic troubles are due to a fantastic guess. That the wealth effect of inflated asset prices would stimulate demand in the economy.
Authored by Jayant Bhandari via Acting-Man.com,
India’s Rapid Degradation
This is Part XI of a series of articles (the most recent of which is linked here) in which I have provided regular updates on what started as the demonetization of 86% of India’s currency. The story of demonetization and the ensuing developments were merely a vehicle for me to explore Indian institutions, culture and society.
The Modimobile is making the rounds amid a flower shower. [PT]
Via Pater Tenebrarum of Acting-Man.com,
Defying Expectations
Submitted by Pater Tenebrarum via Acting-Man.com,
Dismal Earnings, Extreme Valuations
The current earnings season hasn’t been very good so far. Companies continue to “beat expectations” of course, but this is just a silly game. The stock market’s valuation is already between the highest and third highest in history depending on how it is measured.