Snapshots that wow!
There is no “free” trade
US started off as a mercantilist country- with tariffs being the logical largest source of revenue. However in the run up to the boom in 20s, US changed its stance to that of a free market proponent forgoing tariffs in lieu of taxation!
Source : @balajis
Apple has come to India, Jobs have left
The fall in placements in the IIT graduating batch of
engineers is steeper than the fall seen in the year of COVID
for most campuses!
Source: Teamlease Digital
Property can depreciate in value?
“US multifamily real estate prices are now down 18% since their 2022 high.
After multifamily properties’ value boomed in 2021 and 2022 they are now back to levels seen 3 years ago.”
Source: @KobeissiLetter
Desh ki raksha, duniya ki raksha!
Defence exports have touched a record Rs 21,083 crore
(approx. US$ 2.63 Billion) in the Financial Year (FY)
2023-24, a growth of 32.5% over the last fiscal when the
figure was Rs 15,920 crore. The recent figures indicate that
the defence exports have grown by 31 times in the last 10
years as compared to FY 2013-14.
Source: PIB India
The concentration is too damn high!
Top 5 stocks of S&P500 (USA) account for 60% of the index return having gained an average of 15% vs. 4% for the market.
Source: Goldman Sachs Research
Reality writes stranger than Fiction!
To think that Jinnah’s grandson was not just an early financial supporter of Jan Sangh but took personal risk to protect members during the Emergency!
Source: Vinay Sitapathi’s Jugalbandi- BJP Before Modi