Truly surprising how Yuan is predicted by many to be next global currency but it does not have basic prerequisite of capital account convertibility.
It is stated that global liquidity has been increased since last r October due to BOJ & PBOC, but global liquidity would again fall from June. Will BOJ discontinue yield curve control or PBOC discontinue rate cuts.
The indian stock market is at so high PE , I think the main reasons are no capital account convertibility of rupee and central bank used negative real interest in last 5 years, so local savings have no option but to be invested in local equity market.
Thanks! Agree that if BoJ normalizes the policy and PBoC halts the regular injection of stimulus, the global liquidity might fall in H2 hurting risk assets.
First off...Congrats on the 1 year anniversary, Sagar. I love reading your writings and listening to your interviews.
This conversation with Ritesh was one of the most interesting that I have heard this week. So much good stuff to digest, although I dont agree with a 40% allocation to gold...come one, man :-)
For my personal portfolio, I am now giving more thought to hard asset allocation - metals, real estate, crypto...so this interview was very insightful to me.
BTW - what is Ritesh's twitter handle? Thanks again and cheers!
Very good coverage of many topics.
Truly surprising how Yuan is predicted by many to be next global currency but it does not have basic prerequisite of capital account convertibility.
It is stated that global liquidity has been increased since last r October due to BOJ & PBOC, but global liquidity would again fall from June. Will BOJ discontinue yield curve control or PBOC discontinue rate cuts.
The indian stock market is at so high PE , I think the main reasons are no capital account convertibility of rupee and central bank used negative real interest in last 5 years, so local savings have no option but to be invested in local equity market.
Thanks
Aninda
Thanks! Agree that if BoJ normalizes the policy and PBoC halts the regular injection of stimulus, the global liquidity might fall in H2 hurting risk assets.
First off...Congrats on the 1 year anniversary, Sagar. I love reading your writings and listening to your interviews.
This conversation with Ritesh was one of the most interesting that I have heard this week. So much good stuff to digest, although I dont agree with a 40% allocation to gold...come one, man :-)
For my personal portfolio, I am now giving more thought to hard asset allocation - metals, real estate, crypto...so this interview was very insightful to me.
BTW - what is Ritesh's twitter handle? Thanks again and cheers!
Thanks and much appreciate your kind words!
Even I was surprised by 40%!! IMO one can allocate max 20% to Gold.
Agree that hard assets allocation must be increased considering the circumstances.
Ritesh's Twitter Handle: https://twitter.com/riteshmjn