The fiscal stimulus injected in the Indian economy in the aftermath of the global financial crisis and India’s inability to withdraw it in timely manner drove India into vicious economic cycle during 2009 to 2013 with high fiscal deficit, slowing growth, sharp depreciation of the INR by 28% in 2013
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Nickel spiked to over $50,000 per metric ton (“tonne”) in May 2007, rising 10 fold from its earlier decade lows. That spike marked the beginning of Chinese involvement in the production of a simple but new nickel pig iron (“NPI”) product that has since placed a seemingly ever lowering ceiling over the nickel price
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The community banking sector is a crucial driver of the domestic economy. Of the nearly 6,000 U.S. banks, more than 9 in 10 are classified as community banks. These institutions mirror the micro economies they serve, providing capital and opportunity to small businesses and entrepreneurs that larger banks underserve
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The macro environment in Q3 (and for much of 2018) has been dominated by policy divergence: whereas fiscal stimulus buoyed the U.S., Chinese growth weakened as a result of the escalation trade war combined with Beijing’s attempts to constrain credit growth. This policy divergence has produced a powerful tailwind for the U.S. dollar and U.S. equities and corresponding headwinds for global equities
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This past Saturday was not unlike most of my recent Saturdays. I woke up around 7:30, fed my seemingly perpetually starving Siamese cats, and contemplated the end of what was yet another *fabulous* infrastructure week here in the good ole U.S. of A, all before heading out to stress shop
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