Current euphoria on Stocks and Economy
As usual, Vivek Kaul covers all nuances. He argues that the current rally and GDP growth is attributed to the affluent consumers (<6Cr) whereas the broader economy is still struggling. If in case there is a demand shock, it will lead to a slowdown and inflation. Insightful article https://www.livemint.com/market/affluent-india-is-fuelling-the-equities-surge-but-that-story-has-gaps-11708257723485.html
majboormajdoor
Stealth
7 months ago
That be true for every country or no?
Brazil 1, Russia 1, China 1, US 1. Even recession ones like Japan 1 etc.
If we choose to focus on top 1% households in any country, their spending is higher since pandemic.
majboormajdoor
Stealth
7 months ago
It's a long article. I can, but GV doesn't allow multiple image uploads. Let me check if any paywall free sites can extract it?
Can’t read it premium required any alternative way to go through this?
