Yet another good post from The Back Benchers. This post is about the recent bear run at the stock market and its reasons. This one is really funny -
It’s only the markets like these that have taught me that during bulls making money is equivalent to betting on Ravindra Jadeja scoring a century against New Zealand. If you’ve got a bloody Motera-like pitch concrete road to play on against a bowling attack that could accommodate Ajit Agarkar even today then even there you will make money on a fairly regular basis.
I also agree with the comment of NREGA and the recent actions of RBI. I always wondered if the problem of inflation is of Supply side then why we always expect RBI to tame inflation. If the supply of Onions is less then hiking the Repo Rate isn’t going to help. Also, as an MBA student I remember that it takes time before we see effects of a monitory policy change. I hope Dr. Manmohan Singh take some serious steps towards mitigating inflation.