ZoomyMuffin

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

21mo ago

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FluffyUnicorn

Stealth21mo

But Indian 1 is spending more than it did before

ZoomyMuffin

Stealth21mo

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.