On a cold January day, a 43-year-old man was sworn in as the chief executive of his country. His predecessor was a famous general who, 15 years earlier, had commanded his nation’s armed forces in a war that resulted in the defeat of Germany. The young leader was raised in the Roman Catholic faith.
Private consumption, government spending, investment, and exports fuel India’s GDP. While over-all private consumption & private investment has been less than what we’ve hoped for thus far, India’s exports and govt spending have done some of the heavy lifting for the GDP number.
As stock investors consider the economic devastation of the pandemic, the human loss and the market’s relentless and bewildering climb, they are faced with conflicting emotions.
On the one hand, their portfolio is putting up some impressive returns. On the other, they are left to wonder what lies around the corner.
The emergence of Blockchain technology to exchange or transfer anything of value and the use of it as an information repository is undeniable. It could be the technology not just behind financial transactions, but all transactions.
The current Covid situation seems grim from a human aspect. Putting that aside, as much as we don’t want to, the impact of this second wave is likely to be limited. What the markets have learned from all the previous waves, all across the globe is that much of the economic impact is temporary.