Is a crisis at hand?

The INR took a massive hit yesterday and overnight after the latest IIP figures finally established what many already knew – the economy is hurting, and its bad. Industrial Production came out lower by 5.1% y-o-y and equity markets soon…Continue Reading →

Technological Unemployment

John Maynard Keynes coined the term “Technological Unemployment” back in the 1930s in a letter “Economic Possibilities for our Grandchildren”. The term implies the unemployment that is generated because of the replacement of manual labour with technology. When one puts…Continue Reading →

Pegged Currencies vs Taxes

An interesting implication of the pegged currency system in China. Excerpted from a George Soros article in the Financial Times. The prevailing exchange rate system is lopsided. China has essentially pegged its currency to the dollar while most other currencies…Continue Reading →