Right now, there is a lot of speculation that Chinese yuan or renminbi will replace the US dollar as the most dominant global currency for central banks globally. There are some seriously strong reasons for that argument and they do hold merit. Let’s see how the Chinese currency competes with US dollar. Central bank power…

This week has been absolutely brutal, merciless and cruel for investors globally. Each and every asset has shown very extreme moves which were unprecedented. Markets have been unstable and caused huge losses. Almost all markets have declined more than 20% now. Oil fell by more than 30% after Saudi Arabia vowed to open its taps.…

World has witnessed very low interest rates in last twenty years. Only developed markets have witnessed negative interest rates. Developing world continues to operate within the realm of normal economic models. Negative interest rates is surprising and unheard of. Today more than $17 trillion dollar of debt is trading negatively. Could it be a reason…

World has seen wealth inequality and income inequality spike. It is not the result of poor economics or poor policy decisions. It is a result of poor distribution of wealth generated by our corporations. You may name them public corporations but the significant pie of it stays with private hands and promoters. It is a…

What a week ! Finance minister Nirmala Sitharaman undertook a very bold reform to boost the economy and also provide a long term structural change which will change the trajectory and put it on high gear for the overall economy. Finally, Indian corporates got their duly deserved tax break that they have been wishing for.…

Modern Monetary Theory is the economic thought which presents the idea that the state can print as much money as it wants. It promotes the idea that the state, which owns the currency, cannot default on it and essentially can buy as much goods and services as it wants. This means there are no constraints…