Take a look at this news item below : An engineer friend of mine this morning forwarded it to me and exclaimed in confounded astonishment! “This is very difficult to comprehend! A food delivery company which went public only a year ago is valued more than ONGC!!” It astonished me too but I was notContinue reading “Why is the Zomato Company’s delivery-man more valuable than the giant ONGC’s expert engineer?”
Tag Archives: macroeconomics
“American Exceptionalism” in U.S. Stock Markets: and what Ruchir Sharma forgot to explain to me
https://acrobat.adobe.com/id/urn:aaid:sc:AP:860c0e68-c8f1-460d-a8ba-c8e4d85ecd57 Ruchir Sharma’s above Op-Ed piece in the London Financial Times ends with this grim foreboding : I would like to think perhaps Ruchir Sharma inadvertently forgot to add that America is also over-indebted as never, never seen before… The omission therefore begs the question : why are we seeing today the strange phenomenon ofContinue reading ““American Exceptionalism” in U.S. Stock Markets: and what Ruchir Sharma forgot to explain to me”
A Toxin called GDP!
You know why I think some kinds of statistical information and slick Infographics economists keep feeding us all with are so self-congratulatory for them but so self-deluding for us? Take a look at this chart below : The world’s wealth today tops $ 100 trillion !! Wowww! It makes one want to believe in it,Continue reading “A Toxin called GDP!”