►My stock market course (comes with 1 year community access), here: wisdomhatch.com/stock-market/ _______________________________________________________ ►I talk about in depth macroeconomics correlated to stock market movement on CZcams member community here: czcams.com/channels/qW8jxh4tH1Z1sWPbkGWL4g.html _______________________________________________________ ►Many of you have asked me for resources on US Stock Investing, Seeking Alpha is a great platform for research that I use: www.sahg6dtr.com/236BJZQ/R74QP/ _______________________________________________________
Hi, Akshat please be specific about why to avoid infra firms? From June 2022 until January 2023, L&T generated almost 50% returns. This was one of the few stocks that was outperforming the nifty from 2022 until 2023. Besides, it is one of the largest infrastructure companies in India. Also, it has undertaken many international projects as well, so why not this stock?
i keep seeing in 1 out of 3 video you post have spelling mistake.. Editor faults. here its "improvement"... 1 year old video has similar mistakes that I randomly opened.
I used to watch him a lot but now he creates videos which create tension and negativity among us ! Just one thing let's live in the present and save for the future! And be happy ! You never know which is your last day on this beautiful Earth 🌎 ! Let's Live in the present and spread positivity
THANK YOU FOR KEEPING US FINANCIALLY UPDATED SOME OF THE COMMON MISTAKES MADE BY BEGINNER DAY TRADERS INCLUDE TRADING WITHOUT A PLAN, AVERAGING DOWN, RISKING TOO MUCH ON ONE TRADE, CHASING HOT TRADES, FAILURE TO CUT LOSSES QUICKLY.
Hello Akshat, while I like all the contents, I want to make one comment: Lets not be negative and assume there is no solution. Also the resetting of policies is also one of major innovation that will take place to counter the issues - over inflation and unnecessary recessions. There are many ideas in economics apart from increased taxation to take control, which will take time though. For eg. if India printed large amount of money, now since the Covid is almost under control , India can start to decrease the supply of money cautiously, which is one of economic policy
Akshat was advising us to buy stocks few days back ..golden time bla bla bla ...just after a month he is making videos about recession... politicians are far better than him..they stick to their narrative atleast for few months 😂😂😂😂
@@ghvchhhbb no I get it, as most of our premier institutions have curriculum in English, so that’s not wrong, but also we can gauge the quality of suggestion based on how vague it is at times.
Three critical points you need to understand - listen to Akshat, listen to Amit Sangwan and listen to your heart and brain... Things will automatically improve, I'm big fan of all the these but never really rely on any one of these, I contextualise things as per my wisdom and conditions and act accordingly..
Aapne apne approximation ko bahut overstrech kar diya. 1st, Growth 2 types ke hote hai, A. Cutting Age Growth B. Catching Up Growth Cutting Age Growth inovation ke wajhe se hi hote hai. Aur Catching Up Growth me dono inovation and traditional chiz ko aur zada karna shaamil hota hai. Example- Suppose, railway ka invention hua. Railway bana kar fir bahut profit banaya jaa Sakata hai, So investers comes in to build railway line. 2 cities ke bich 1 railway line bana. Bahut profit hua, because bahut logo ne isse use kiya. Fir kich invester ne soucha ki ek aur line banate hai, fir se profit hua but is baar slightly kam, kyu ki phele bhi 1 line tha, new line banne se log aae but utne zada nahi. Aise karte karte bahut sara line bana diya, and with each subsequent line, return on investment keeps getting less, because koi infinite passenger nahi hai to travell karna chahate hai. So, isi me ek aisa time aae ga jab ek aur new line banane se jo revenue ho ga, wo maintainanance cost me hi nikal jae ga, So Profit 0 ho jae ga. Uske baad room for Growth bache ga nahi. Isko bolte hai Cutting Age Growth, jo inovation ke wajhe se hu. Ab fir koi na naya inovation ho ga, jaise Electric Train. Tab fir se aur room mill jae ga grow karne ka, Power line lagane ka, Power Station banane ka etc. Fir wk point par wo bhi fill ho jae ga. That is why inovation is important. Catching Up Growth, tab hota hai jab koi bahut purana inovation hai, aur usko use karna start kar do, jaise developing country me hota hai. For example- Europe 1700 se industrialized karna suru kar diya because of new inovation (Cutting age). Europe me jaise jaise 1-1 kar ke inovation ho raha tha, wo waise waise gradually grow kar rahe tha. But India me to us inovation ke wajhe se Growth hua nahi tha. Jo jab 1990 ke baad, jab mauka mila, jo last 300 ka inovation pura pile Up ho ke rakhha hua tha. So sabhi inovation ka application par ek saath hi Growth kiya jaa skata tha. That is why hume, ek saath hi room bahut Bara mill gaya Grow karne ke liye. Is liye hum/ baking developing economy zada tezi se grow kar sakte tha. This is called Catching Up Growth. Developing country me dono hota hai, traditional chiz bhi and new chiz bhi, jaise Instant food delevery, ab ye 20 saal phele West me bhi nahi hota tha. Ye new inovation hai jo India me bhi hua, aur baaki sab jagha hua. But India me uske saath trafional chiz bhi hua. To agar Inovation 0 bhi ho jae, to bhi Developing Country Grow kare gi, kyu ki already purana inovation bacha hua hai yaha par fully apply karne ke liye. Aur Inovation 0 ho jae to Developed country bhi slightly grow kare ge, agar wo same Tradional chiz zada use karne lag jae, jaise log train trip double kar de apna. This is a bad type of Growth because isme Productivity nahi badhata hai. Aur ye money supply badhne se badhta hai. But aisa nahi hai ki inovation nahi ho raha hai, small small inovation adds Up as big. Aur jaha aapne baat kiya, ki money printing se GDP badh jata hai, yes that is right but usko, Nominal GDP bolte hai. Nominal GDP growth 2 wajhe se ho sakta hai, ki yaa to jitna Saman produce karte hai, usko badha de, ya fir same quantity produce kare but price padha de. So wo price wala component (inflation) minus kar de to usse Real GDP growth bolte hai. Humara ye jo 6.5 % Growth ka baat ho raha hai ye Real GDP growth hai naa ki Noninal GDP growth. Nominal GDP growth = Real GDP growth + Inflation So aisa nahi hai ki Real Growth kuch ho hi nahi raha. Yes, World economy me aaj problems hai, High Debt because of High Money Supply and etc. But India me Money Supply utna nahi badha hai jana West me Badha hai. Aur India me Debt Jada bhi nahi nahi, khaas kar Cooperate Debt infact Cooperate Debt to kam hua hai after pandemic. Ha, humaare economy me bhi kuch problems hai, jaise Fall in Savings rate etc. Capex cycle pick up nahi ho raha hai etc. (And I don't think ki abhi 2-3 saal me ye ho ga). Because abhi to Monitary tightening ho raha hai. Jab Monitary stability aa jae ga, uske baad Consumption growth ke wajhe se Capex cycle ka oppurtanity bantta hai. But aapne jo Thumbnail me lagaya hai, ki ab 2050 tak down hi jae ga, wo sahi nahi hai, ye bas aage 2-3 saal ka problem hai, khas kar India me.
Well explained..iam not a economy student but i observed suddenly my kid toy prices are doubled...This inflation not only bcz of money printing...this inflation also includes we excessively depends on China (whole world is made in China) bcz of zero COVID policy... supply chain problem... 2.war...energy crisis.. Plus money printing... Demand is same supply reduced best example cars chip shortage etc... Not real-estate we need to buy farm land for 10 -15year vision to grow trees...buy then every one will destroy nature... probably we observe more weather changes from last 5 years... unwanted rains in summer and winter, very hot weather....
No, the T Bill were not getting devalued, SVB invested in t bills while the yields were low. When they were under a bank run, they tried to sells this ahead of maturity which was expensive
Can't explain how much happy I m. Being a science student ( as you said earlier) was far far away from basic financial literacy, infact was always afraid of it. Now with all your videos learning personal finances, MF, Stocks n investment, slowly... U r super practical n ur clarity n examples are d Best 👍 Trust Me you can't imagine how happy I'm that could able to understand this video n world economy today.. Thank you so much.. keep d great work going 👍 #Respect & #Fan 🫰🙏
Don't worry. İt's not as if commerce students are any better in Financial literary. They are only commerce students for name sake while they continue to study outdated & useless courses.
Truly agree with you @hgs singh, Akshat's videos are not like typical guys just giving stocks/ MFs/Crypo recommendations but he is actually teaching macro economics, which in a way we can relate and think & use our own brain for logical decisions. i think sometimes a lot why i started with Financial literacy so late, i should have not given excuses like i m a science student and all😅 #Fan
One day people will say things are looking up and that they are quite bullish. The other day they will say the exact opposite and talk about doom and gloom.
All videos summarized. Hi everyone. Welcome to today's video. A) in today's video we will talk about why the economy is screwed. PS- on an unrelated note, buy my course for advice to avoid being screwed B) in today's video we will talk about why the economy is going to shoot up. PS- on an unrelated note, buy my course for advice to make the most of it. Please note, this financial advice is not financial advice.
Well said.... Sad state of affairs due to the growth of internet and free Youtbe ....a lot of information is not fully accurate...It takes years f study in Economics to undnerstand Macro enconmics...and unfrmatuanlty cant make a shorts tube on such a conplicated topics
Am unsubscribing too... Not that Akshat is affected by it. But, the moment my comments were taken down , proves that he s not what we all thought he was .....😢
Useful points and commentary. A humble suggestion... you tend to say "our economy", "we" interchangeably for US, India and even the world economy as a whole, which is confusing at times. Being explicit like " the US economy", or "Indian economy" would help avoid any confusion. Its probably just me who felt it, but want to point it however
@@Padmanabham. How the F it's reality? Bloomberg, WorldBAnk, and even our enemy China's official news channel Global Times reported that India is going to grow its economy even better than China. Every year our export is getting increased
Tumhara Matlab kya h ? Agar negative h toh negative na bole kya? Tumhare kehne ka matlab yeh h ki agar koi insaan ke andar negative h toh usko tab bhi Acha bolte raho.. dusro ko jhoota dilasa dene ke liye? Hai jab economy kharab h toh voh bole na kya ? Ki ecomomy kharab h lol
Akshat's videos are not like typical guys just giving stocks/ MFs/Crypo recommendations but he is actually teaching macro economics, which in a way we can relate and think & use our own brain for logical decisions. i think sometimes a lot why i started with Financial literacy so late, i should have not given excuses like i m a science student and all😅 #Fan
Although, he is teaching finance, he has little left leaning biasness... You'll see him critisising govt decisions... But you won't see him appreciating many good decisions... For example, when the USA was printing surplus money during Covid or war times, Raghuram Rajan suggested indian govt also to do the same ... But RBI decided not to print extra money and to print as usual and also just to distribute to those who actually need it... And that is one of the reasons that the inflation in india is relatively less in numbers then that of western countries... There are too many good things this govt have done which can impact economy... For example, From 97% of Mobiles imported before 2014 to Today more then 90% phones Made In India... From 2 mobile mfg factories before 2014 to 200+ Mobile mfg factories... From 70 Airports in 64 years since independence, to another 70+ Airports after 2014, making the total of 140+ airports... Nehru: 17 years-1 AIIMS 🙂 Indira Gandhi: 16 years- 0 AIIMS 🧐 Rajiv Gandhi: 5 years- 0 AIIMS 🧐 Atal Bihari Vajpayee: 6 years -6 AIIMS 😁 Manmohan: 10 years- 1 AIIMS 🙃 *Modi: in 7 years- 15 AIIMS 😎 and still counting....* Defence exports, from just 3000 crore to more then 16000 crores... You just name any sector.... We've progressed in every one of them more better then ever.... But he just seems to be politically motivated pessimist...🤔
@@Clean09 let me calculate , u get 2 rupees from bjp to repost this .. limited to 10 repost per day...your total monthly income will be 600 ...it's too less an amount to invest...You start going to bjp rallies u will get 500 plus one quarter n free dinner ..save some money ..watch his videos n then invest ..you may earn something 😂😂😂😂😂😂😂😂😂
@@ghvchhhbb bro... If BJP is doing something bad just say it... Then only they will feel their responsibility... I don't mind with that... I'm not saying to blindly appreciate BJP... But you can't deny the fact that this guy has left leaning biasness... Let me show you... I hope you know about New Pension Scheme which govt have implemented... Now almost every opposition is telling to bring back the old Pension Scheme in their state election rallies... And do you even know how dangerous is the old Pension Scheme for economy!! Go and understand the difference between new and old if you don't know... Have you seen this guy saying that it's good that BJP have made a good decision by bringing in the New Pension Scheme...?? Did he told about bad aspects of old pension scheme in the "economy" ...?? I don't get anything from BJP... You can need common sense to understand people... Don't follow anyone blindly... Neither BJP nor any other party and not any single creator... Always see the both sides...
@@Clean09 you are right...we shouldn't follow someone blindly..I have nothing against BJP .my problem is with the main stream media .they are always glorifying the ruling party n hiding all their misdeeds ..in this situation if someone like akshat criticize the party ..I know it's completely one sided we the commoners start thinking that he is doing a noble deed.. My last post was really silly ..hope u didn't mind..I am sorry for that..
in us the cheapest coffee is for 10 dollars converting 820 rupees but in india its just 200 rupees then also indian inflation is still very low right , so now the big developed countries will face problems and developing countries will take the charge
Informative video Akshat! With the devaluation of the dollar in the future, combined with other external implications - Can you opine/ make a video on the impact of CBDC and how do you see it will change how the money works?
Hats off ! You have addressed the elephant in the room. Inflation and cost of living is such a big issue and yes I completely agree there has been no real innovation from past few decades and we have been living in a fantasy world , demanding more and producing less and less , more social media trends, just to "Look Good" but now this has been exposed badly and it is going to grow from a minor pain to a long term disease. We will witness another change in an era, what actually happens remains to be seen. I am holding strong .. Thanks, we need more educated people like you
Sir Hats of you. Very complicated things have been clarified in a very lucid language. I went back to my college days learning Economics. Your hard work will pay you sir. Please keep on giving such high worth videos. Thanks
While I don't deny the quality and effort related to this content I'm against the negativity it talks about. I'm quite hopeful it'll be quite good shape by end of 2024. So, why to take this analysis in mind to encourage temporary insecurity. I like content which help taking back something that I can include in my immediate or near future plan for my benefit. I rather take this as another eye catchy title and thumbnail for regular CZcams video.
Friends help. I want to learn more about stock market but here in my state there is no reputable course centre, here the teachers itself are not good trader. What do I do?
The way you explained the whole thing is just amazing. Though the macro economics was really a subject that I never enjoyed studying but your video I saw without forwarding.
@Akshat Shrivastava why did you exclude price factor from your GDP calculation? Intangible assets like brand value can warrant higher prices and there are entire economies running on it such as Italy and france.
The fixed income portfolio of SVB did not reduce in value due to printing money but because of sharp rise in interest rates that the fed administered after a period of printing money during covid. Their capital eroded due to mark to market rules on AFS and HFT securities and had to attempt to raise fresh capital to maintain capital adequacy. There were also problem with Asset Liability management of the bank that accepted deposits at favourable rates during low interest rate periods and were not able to dish out loans at the same pace and rather parked the money in treasuries. if the depositors did not indeed panic, the securities would not have been required to sell at a loss and would payoff without loss at maturity..
Akshat I followed you and invested through Vauld , now who is responsible, Will you take accountability now for the money I lost? Is it correct on your part??
Dear , the problem is same in US and India, excessive money printing. Inflation is also high. RBI is on the job. 2024 elections. Nothing big is expected on the Economy front. Lets hope our Banks sustain their stability. India to turn its direction to a production economy in Goods & services. Agri to be modernised. Per capita income to increase for the base in the pyramid. Investments to come in big for the manufacturing sectors. Infraa to improve to keep all running. Ramesh
According to Ray Dalio Vauld was a good platform that's why he invested and you supported. But after the freeze there has not been a single update from yourside regarding the proceeding that;s going on. I am not pointing finger at you for our loss ,and it's not even loss the entire money is wiped off..Atleast cover the proceedings so that we are updated about it and whether we will get the money back about whatever is left.
Relax. If the Government will invest in creating a good ecosystem for business, and create a high quality educational system, everything will be fine. India has powerful tailwinds!
Akshat, perhaps SVB has itself to blame, rather than kick the buck down the road. It used to benefit from taking on RISKS from mismatches. These mismatches may well be about liquidity (borrowing short term money to finance long term loans, to benefit from the interest gap, in normal circumstances) and interest rates (might well be the opposite of liquidity, that is lending short term loans by borrowing long term money, in the hope interest rates to rise). Usually banks should control and manage these mismatches. Apparently, SVB has NOT done this, otherwise it should be very much immune to any interest movement, not just confined to the present interest hikings but also interest cuttings too. Thus, when SVB had its depositors uplifting their deposits with the bank, it did not have the money around to repay them, and had to force sell their assets or loans, say treasury bills. SVB could also pay its depositors higher interests to retain the deposits, but that would not work, as depositors did not see SVB as a safe bank to park their money. But, treasury bills on the books of SVB were still paying old interest rates, that was much lower before the interest hikings. Alternatively, investors could always get new treasury bills from Mr Powell of Fed, the Federal Reserve Bank of US, which paid much higher interest rates (coupon). So, SVB had to bite the bullet and be shot dead, that is book the loss on prematured sales of its treasury bills. To conclude. SVB made its living from risk mismatches, which usually works well in normal days. The equation did not work when the extremes came in, say many rounds of interest hikings in such a short time by Fed. Most banks in fact ride on mismatches, but manage them within controllable limits.
Mobiles are a mega innovation that happened after 2000. It fundamentally changed a lot of things including how I am consuming content right now, how it gets created etc
With wealth gap, we should also see how many percentage of people have been in that group. Lot less people in last group, still there are and always will be, but there is reduction, so that needs to be taken into account One can say, “why so less people in stock, there must be something wrong” & “so less people in stock, there is lot of opportunities here “
Akshat, what are your thoughts on AI (Artificial Intelligence) as a Mega Innovation and Universal Basic Income , which might be necessary due to the massive job displacement
First predict economy is crumbling then predict share market will go up, after 3 months if share market will go down, play clip from first part else clip from the second part
Why Akshay You did not mention Gold when you spoke about Hard assets. Gold is the foremost hard asset . U spoke bitcoin and RE. Is it since you are invested only into these 2? Not sure how bitcoin became hard asset just because its supply is limited.
I want to join your community but I don’t know how to make payment as I am in Australia.I am 73 and I don’t use Google pay etc.I don’t know how to do it.I regularly invest in Indian stocks.Regularly watch your vdo, very knowledgable,interesting & beneficial.I will be visiting India only next year.I can transfer the amt. from daughter’s a/c to your a/c if you can send me your bank details. Thanks, Regards, Vinod Agarwal.
SVB invested in *MBS (Mortgage backed security)* products *not much* in *Treasury bonds*. The reason why it failed was because the T-bonds were giving better returns than their MBS investments.
You use the phrase "long story short" at least 5 times in every video. Here are some alternatives for "long story short": In summary To sum up To cut to the chase Bottom line In a nutshell To get to the point In brief To put it simply To make a long story short In short
Hi Akshat, you said to avoid high capital expenditure companies. I did not understand the logic behind this statement. Would you make a video to explain further?
Yeah, you have to have jobs in the first place to lose that job, when you are begging with a bowl, no need to worry about some one stealing from you , this won't be known by cow dung eaters 😅😅😅😢😢
we have a perpetual cash economy and to some extent barter exchanges even today. We have survived worse situations and due to our robust farm sector and ever expanding young work force we will never see recessionary losess like the rest of the world. We do have unemployment and poverty but we also have the ability to feed the populace for months together. I maybe incorrect but theory and practice sometimes go hand in hand. The ever green "Jugaad " principle works best here. The rest we leave it to our Gods. 😀
Many things are left unexplained in this video . I actually heard it atleast 5 times. Kindly explain them all in separate videos in near future. Or if already some videos are existing on these topics then please put down links for those via any medium. 🙏🏼
Sir you are very knowledgeable and I try to understand you but your language is as tough as the bankers. If possible try to make videos in Hindi or in slower pace or in simpler languages. You are just throwing dates and data, but it is very difficult to understand. Pls help
Agree, but the point is that the adoption has not penetrated apart from the fact that it is more or less used as an alternative form of investment. Have we stopped using Fiat? NO, Have we stopped traditional forms of investment? No Is it a reliable and regulated ? No!
@@linkin324 bhai now we are in such economy where we can't stop using fiat currency, even the digital currency being issued by Central banks are also fait currency. In few year we will see that this amt of debt will become normal because of lack of solution for it and gold pegged snd standard systems are difficult to bring back. With same it is next to impossible to use crypto ( bitcoin , ether...) as medium of exchange such as dollar ruppee yen.... because first they are not fully save and most imp huge amt is held by few people in few country and this was only reason for which gold pegged system was stopped. Agree ?
Akshath I never saw you bullish on market or never seen you recommending to buy any stock heavily….why are soo worried to suggest about any stock to buy
you toggled between US and india... you showed US stats and also mixed india into it... The are connected however they are different. US is purely a debt based economy
dal price will not increase coz price of agriculture will not increase. people who like agriculture will surely work in agriculture and its production is completely dependent on nature. its not produced in Big bazzar or Walmart. i will not be happy to prove u wrong but worried of they inflation with ur point of view. but at that time when dal price will hike. Dal itself will be a barter system... !
don't say our institutions are failing. SVB, THE great credit Suisse 😂 etc are not ours. Yes bank was ours but since then a lot of strict regulatory norm have been put in place by RBI. On debt I gree with u.🎉
![Will the markets fall more? [Interest Rates and Stock Markets] | Detailed Analysis, MacroEconomics](http://i.ytimg.com/vi/vFoqpXJhUTk/mqdefault.jpg)
►My stock market course (comes with 1 year community access), here: wisdomhatch.com/stock-market/
_______________________________________________________
►I talk about in depth macroeconomics correlated to stock market movement on CZcams member community here: czcams.com/channels/qW8jxh4tH1Z1sWPbkGWL4g.html
_______________________________________________________
►Many of you have asked me for resources on US Stock Investing, Seeking Alpha is a great platform for research that I use: www.sahg6dtr.com/236BJZQ/R74QP/
_______________________________________________________
Hey akshat
Would love to see if you make a detailed video on home schooling..
Hi, Akshat please be specific about why to avoid infra firms? From June 2022 until January 2023, L&T generated almost 50% returns. This was one of the few stocks that was outperforming the nifty from 2022 until 2023. Besides, it is one of the largest infrastructure companies in India. Also, it has undertaken many international projects as well, so why not this stock?
@akshat . What abt jp power
i keep seeing in 1 out of 3 video you post have spelling mistake.. Editor faults. here its "improvement"... 1 year old video has similar mistakes that I randomly opened.
if interest rate goes down long term debt instruments will be good. why you suggesting short term debt instrument......
Don't worry all. Today he will say that Indian markets will go down in next few years. Next week itself, he will say the opposite.
😂
true asf
Watch the whole video kids.
Lol😂😂
Don't talk anything. How the hell do you make content every single day. Ofcourse there are only two exciting sides. Up and down. Sideways is boring
I used to watch him a lot but now he creates videos which create tension and negativity among us ! Just one thing let's live in the present and save for the future! And be happy ! You never know which is your last day on this beautiful Earth 🌎 ! Let's Live in the present and spread positivity
THANK YOU FOR KEEPING US FINANCIALLY UPDATED SOME OF THE COMMON MISTAKES MADE BY BEGINNER DAY TRADERS INCLUDE TRADING WITHOUT A PLAN, AVERAGING DOWN, RISKING TOO MUCH ON ONE TRADE, CHASING HOT TRADES, FAILURE TO CUT LOSSES QUICKLY.
Kindly give an update on Vauld. Not able to understand what is going on. It is your responsibility to give update on Vauld.
Hello Akshat, while I like all the contents, I want to make one comment: Lets not be negative and assume there is no solution. Also the resetting of policies is also one of major innovation that will take place to counter the issues - over inflation and unnecessary recessions. There are many ideas in economics apart from increased taxation to take control, which will take time though. For eg. if India printed large amount of money, now since the Covid is almost under control , India can start to decrease the supply of money cautiously, which is one of economic policy
Please don't join Rajan club
Fundamentally, recessions and boom periods are part and parcel of a market economy. So no policy can counter the issue for long
Printing large amounts of money will ultimately increase inflation. It already has evidently in the western countries
Akshat was advising us to buy stocks few days back ..golden time bla bla bla ...just after a month he is making videos about recession... politicians are far better than him..they stick to their narrative atleast for few months 😂😂😂😂
He should summarise what he actually is analysing, these small time frame analysis are too confusing
@@Kathakathan11 if someone is coming up in English we Indians take it as a word of wisdom n intellect..that's our biggest problem
@@ghvchhhbb no I get it, as most of our premier institutions have curriculum in English, so that’s not wrong, but also we can gauge the quality of suggestion based on how vague it is at times.
Three critical points you need to understand - listen to Akshat, listen to Amit Sangwan and listen to your heart and brain... Things will automatically improve, I'm big fan of all the these but never really rely on any one of these, I contextualise things as per my wisdom and conditions and act accordingly..
Best time to invest in Nifty 50
Aapne apne approximation ko bahut overstrech kar diya.
1st,
Growth 2 types ke hote hai,
A. Cutting Age Growth
B. Catching Up Growth
Cutting Age Growth inovation ke wajhe se hi hote hai.
Aur Catching Up Growth me dono inovation and traditional chiz ko aur zada karna shaamil hota hai.
Example-
Suppose, railway ka invention hua.
Railway bana kar fir bahut profit banaya jaa Sakata hai,
So investers comes in to build railway line.
2 cities ke bich 1 railway line bana.
Bahut profit hua, because bahut logo ne isse use kiya.
Fir kich invester ne soucha ki ek aur line banate hai, fir se profit hua but is baar slightly kam, kyu ki phele bhi 1 line tha, new line banne se log aae but utne zada nahi.
Aise karte karte bahut sara line bana diya, and with each subsequent line, return on investment keeps getting less, because koi infinite passenger nahi hai to travell karna chahate hai.
So, isi me ek aisa time aae ga jab ek aur new line banane se jo revenue ho ga, wo maintainanance cost me hi nikal jae ga, So Profit 0 ho jae ga.
Uske baad room for Growth bache ga nahi.
Isko bolte hai Cutting Age Growth, jo inovation ke wajhe se hu.
Ab fir koi na naya inovation ho ga, jaise Electric Train.
Tab fir se aur room mill jae ga grow karne ka, Power line lagane ka, Power Station banane ka etc.
Fir wk point par wo bhi fill ho jae ga.
That is why inovation is important.
Catching Up Growth, tab hota hai jab koi bahut purana inovation hai, aur usko use karna start kar do, jaise developing country me hota hai.
For example- Europe 1700 se industrialized karna suru kar diya because of new inovation (Cutting age).
Europe me jaise jaise 1-1 kar ke inovation ho raha tha, wo waise waise gradually grow kar rahe tha.
But India me to us inovation ke wajhe se Growth hua nahi tha.
Jo jab 1990 ke baad, jab mauka mila, jo last 300 ka inovation pura pile Up ho ke rakhha hua tha.
So sabhi inovation ka application par ek saath hi Growth kiya jaa skata tha.
That is why hume, ek saath hi room bahut Bara mill gaya Grow karne ke liye.
Is liye hum/ baking developing economy zada tezi se grow kar sakte tha.
This is called Catching Up Growth.
Developing country me dono hota hai, traditional chiz bhi and new chiz bhi, jaise Instant food delevery, ab ye 20 saal phele West me bhi nahi hota tha.
Ye new inovation hai jo India me bhi hua, aur baaki sab jagha hua.
But India me uske saath trafional chiz bhi hua.
To agar Inovation 0 bhi ho jae, to bhi Developing Country Grow kare gi, kyu ki already purana inovation bacha hua hai yaha par fully apply karne ke liye.
Aur Inovation 0 ho jae to Developed country bhi slightly grow kare ge, agar wo same Tradional chiz zada use karne lag jae, jaise log train trip double kar de apna.
This is a bad type of Growth because isme Productivity nahi badhata hai.
Aur ye money supply badhne se badhta hai.
But aisa nahi hai ki inovation nahi ho raha hai, small small inovation adds Up as big.
Aur jaha aapne baat kiya, ki money printing se GDP badh jata hai, yes that is right but usko, Nominal GDP bolte hai.
Nominal GDP growth 2 wajhe se ho sakta hai, ki yaa to jitna Saman produce karte hai, usko badha de, ya fir same quantity produce kare but price padha de.
So wo price wala component (inflation) minus kar de to usse Real GDP growth bolte hai.
Humara ye jo 6.5 % Growth ka baat ho raha hai ye Real GDP growth hai naa ki Noninal GDP growth.
Nominal GDP growth = Real GDP growth + Inflation
So aisa nahi hai ki Real Growth kuch ho hi nahi raha.
Yes, World economy me aaj problems hai,
High Debt because of High Money Supply and etc.
But India me Money Supply utna nahi badha hai jana West me Badha hai.
Aur India me Debt Jada bhi nahi nahi, khaas kar Cooperate Debt infact Cooperate Debt to kam hua hai after pandemic.
Ha, humaare economy me bhi kuch problems hai, jaise Fall in Savings rate etc.
Capex cycle pick up nahi ho raha hai etc.
(And I don't think ki abhi 2-3 saal me ye ho ga).
Because abhi to Monitary tightening ho raha hai.
Jab Monitary stability aa jae ga, uske baad Consumption growth ke wajhe se Capex cycle ka oppurtanity bantta hai.
But aapne jo Thumbnail me lagaya hai, ki ab 2050 tak down hi jae ga, wo sahi nahi hai, ye bas aage 2-3 saal ka problem hai, khas kar India me.
The thumbnail seems misleading. From thumbnail it appears that it is about indian economy but the video is about US economy
This was completely a master economics class of some great institution 😄😄😄
Well explained..iam not a economy student but i observed suddenly my kid toy prices are doubled...This inflation not only bcz of money printing...this inflation also includes we excessively depends on China (whole world is made in China) bcz of zero COVID policy... supply chain problem...
2.war...energy crisis..
Plus money printing...
Demand is same supply reduced best example cars chip shortage etc...
Not real-estate we need to buy farm land for 10 -15year vision to grow trees...buy then every one will destroy nature... probably we observe more weather changes from last 5 years... unwanted rains in summer and winter, very hot weather....
No, the T Bill were not getting devalued, SVB invested in t bills while the yields were low. When they were under a bank run, they tried to sells this ahead of maturity which was expensive
Can't explain how much happy I m. Being a science student ( as you said earlier) was far far away from basic financial literacy, infact was always afraid of it. Now with all your videos learning personal finances, MF, Stocks n investment, slowly... U r super practical n ur clarity n examples are d Best 👍 Trust Me you can't imagine how happy I'm that could able to understand this video n world economy today.. Thank you so much.. keep d great work going 👍 #Respect & #Fan 🫰🙏
Don't worry. İt's not as if commerce students are any better in Financial literary. They are only commerce students for name sake while they continue to study outdated & useless courses.
Truly agree with you @hgs singh, Akshat's videos are not like typical guys just giving stocks/ MFs/Crypo recommendations but he is actually teaching macro economics, which in a way we can relate and think & use our own brain for logical decisions.
i think sometimes a lot why i started with Financial literacy so late, i should have not given excuses like i m a science student and all😅 #Fan
@@asresalim6145 i felt it badly
@@asresalim6145 true it's a dark reality
keep it up trust you will benefit lot and keep learning investing
Thanks for the explanation
But scared
It seems young generation will have a hard time to earn and save.
This should have been their era to prosper.
One day people will say things are looking up and that they are quite bullish. The other day they will say the exact opposite and talk about doom and gloom.
Because analysis is based on diverse sources. So sure the source bias will shape the opinion.
All videos summarized.
Hi everyone. Welcome to today's video.
A) in today's video we will talk about why the economy is screwed.
PS- on an unrelated note, buy my course for advice to avoid being screwed
B) in today's video we will talk about why the economy is going to shoot up.
PS- on an unrelated note, buy my course for advice to make the most of it.
Please note, this financial advice is not financial advice.
Well said!
Well said..
Well said.... Sad state of affairs due to the growth of internet and free Youtbe ....a lot of information is not fully accurate...It takes years f study in Economics to undnerstand Macro enconmics...and unfrmatuanlty cant make a shorts tube on such a conplicated topics
Am unsubscribing too...
Not that Akshat is affected by it.
But, the moment my comments were taken down , proves that he s not what we all thought he was .....😢
Useful points and commentary. A humble suggestion... you tend to say "our economy", "we" interchangeably for US, India and even the world economy as a whole, which is confusing at times. Being explicit like " the US economy", or "Indian economy" would help avoid any confusion.
Its probably just me who felt it, but want to point it however
Slowly you become NEGETIVE person...time is not to spread negetivity
All countries are connected now. Sanctions and war affect countries globally now.
@@Padmanabham. How the F it's reality? Bloomberg, WorldBAnk, and even our enemy China's official news channel Global Times reported that India is going to grow its economy even better than China. Every year our export is getting increased
He needs real estate to grow 😂
Tumhara Matlab kya h ?
Agar negative h toh negative na bole kya?
Tumhare kehne ka matlab yeh h ki agar koi insaan ke andar negative h toh usko tab bhi Acha bolte raho.. dusro ko jhoota dilasa dene ke liye?
Hai jab economy kharab h toh voh bole na kya ? Ki ecomomy kharab h lol
His negativity is growing day by day. Wonder how his wife and family are coping.
Roubini said about inflation going to 2 percent. Not interest rate.
Made me remember my economics sir in college ❤
Akshat's videos are not like typical guys just giving stocks/ MFs/Crypo recommendations but he is actually teaching macro economics, which in a way we can relate and think & use our own brain for logical decisions.
i think sometimes a lot why i started with Financial literacy so late, i should have not given excuses like i m a science student and all😅 #Fan
Although, he is teaching finance, he has little left leaning biasness... You'll see him critisising govt decisions... But you won't see him appreciating many good decisions...
For example, when the USA was printing surplus money during Covid or war times, Raghuram Rajan suggested indian govt also to do the same ... But RBI decided not to print extra money and to print as usual and also just to distribute to those who actually need it... And that is one of the reasons that the inflation in india is relatively less in numbers then that of western countries...
There are too many good things this govt have done which can impact economy...
For example,
From 97% of Mobiles imported before 2014 to Today more then 90% phones Made In India... From 2 mobile mfg factories before 2014 to 200+ Mobile mfg factories...
From 70 Airports in 64 years since independence, to another 70+ Airports after 2014, making the total of 140+ airports...
Nehru: 17 years-1 AIIMS 🙂
Indira Gandhi: 16 years- 0 AIIMS 🧐
Rajiv Gandhi: 5 years- 0 AIIMS 🧐
Atal Bihari Vajpayee: 6 years -6 AIIMS 😁
Manmohan: 10 years- 1 AIIMS 🙃
*Modi: in 7 years- 15 AIIMS 😎 and still counting....*
Defence exports, from just 3000 crore to more then 16000 crores...
You just name any sector.... We've progressed in every one of them more better then ever.... But he just seems to be politically motivated pessimist...🤔
@@Clean09 let me calculate , u get 2 rupees from bjp to repost this .. limited to 10 repost per day...your total monthly income will be 600 ...it's too less an amount to invest...You start going to bjp rallies u will get 500 plus one quarter n free dinner ..save some money ..watch his videos n then invest ..you may earn something 😂😂😂😂😂😂😂😂😂
@@ghvchhhbb bro... If BJP is doing something bad just say it... Then only they will feel their responsibility... I don't mind with that...
I'm not saying to blindly appreciate BJP...
But you can't deny the fact that this guy has left leaning biasness...
Let me show you...
I hope you know about New Pension Scheme which govt have implemented... Now almost every opposition is telling to bring back the old Pension Scheme in their state election rallies...
And do you even know how dangerous is the old Pension Scheme for economy!!
Go and understand the difference between new and old if you don't know...
Have you seen this guy saying that it's good that BJP have made a good decision by bringing in the New Pension Scheme...?? Did he told about bad aspects of old pension scheme in the "economy" ...??
I don't get anything from BJP... You can need common sense to understand people... Don't follow anyone blindly... Neither BJP nor any other party and not any single creator... Always see the both sides...
@@Clean09 you are right...we shouldn't follow someone blindly..I have nothing against BJP .my problem is with the main stream media .they are always glorifying the ruling party n hiding all their misdeeds ..in this situation if someone like akshat criticize the party ..I know it's completely one sided we the commoners start thinking that he is doing a noble deed..
My last post was really silly ..hope u didn't mind..I am sorry for that..
in us the cheapest coffee is for 10 dollars converting 820 rupees but in india its just 200 rupees then also indian inflation is still very low right , so now the big developed countries will face problems and developing countries will take the charge
Informative video Akshat!
With the devaluation of the dollar in the future, combined with other external implications - Can you opine/ make a video on the impact of CBDC and how do you see it will change how the money works?
Very few finance experts are honest like you keep up the good work
this video is a ton of knowledge for me , I have saved it to see it again to sink the core ideas ...Thanks Akshatji
Thanks to CZcams and all social media ,productivity has gone down
Best video so far on your channel! Keep making such types of videos
Most of his content has become moving in circles about random economic terms. He’s just another grifter people, let’s move on
Yes like we do have volume based stats of every industry, volume produced is crucial as well.
Brilliant akshat. I am new to economics and videos like these make me knowledgable and happy. Thanks for these goldmines of knowledgeable videos.
Economy ki sari chinta appko hin to hai.
Election is coming.
Mahool bhi to banana hai😂😂
@abhishek mishra
His bread and butter, just like votes are bread and butter if politicians.
The present Indian government is busy looting the common people by levying high taxes. The Rs. 1000 penalty for aadhar-PAN linking is an example.
Explanation and breaking down the crux was top notch....Value your dissemination of knowledge and efforts.
Hats off ! You have addressed the elephant in the room.
Inflation and cost of living is such a big issue and yes I completely agree there has been no real innovation from past few decades and we have been living in a fantasy world , demanding more and producing less and less , more social media trends, just to "Look Good" but now this has been exposed badly and it is going to grow from a minor pain to a long term disease. We will witness another change in an era, what actually happens remains to be seen. I am holding strong ..
Thanks, we need more educated people like you
Isn't the title off... All explanations were in refrence to US economy.
This is raghuram rajan told good work bro
Interesting analysis but please give some examples in Indian context rather than US for better comprehension
Hi,
I keep watching your channel and it’s very knowledgeable,
Thanks for making such a valuable channel
akshat plz give some update about vauld crypto platform .....make detail video
Sir
Hats of you. Very complicated things have been clarified in a very lucid language. I went back to my college days learning Economics. Your hard work will pay you sir. Please keep on giving such high worth videos.
Thanks
While I don't deny the quality and effort related to this content I'm against the negativity it talks about. I'm quite hopeful it'll be quite good shape by end of 2024. So, why to take this analysis in mind to encourage temporary insecurity. I like content which help taking back something that I can include in my immediate or near future plan for my benefit. I rather take this as another eye catchy title and thumbnail for regular CZcams video.
A very deep analysis . Thank you
Friends help. I want to learn more about stock market but here in my state there is no reputable course centre, here the teachers itself are not good trader. What do I do?
Please make video VAULD.. I invested after watching your videos..
Hi
Shall we exit share market considering this weak global economy
Am investing in Indian equities
The way you explained the whole thing is just amazing.
Though the macro economics was really a subject that I never enjoyed studying but your video I saw without forwarding.
@Akshat Shrivastava why did you exclude price factor from your GDP calculation? Intangible assets like brand value can warrant higher prices and there are entire economies running on it such as Italy and france.
The fixed income portfolio of SVB did not reduce in value due to printing money but because of sharp rise in interest rates that the fed administered after a period of printing money during covid. Their capital eroded due to mark to market rules on AFS and HFT securities and had to attempt to raise fresh capital to maintain capital adequacy. There were also problem with Asset Liability management of the bank that accepted deposits at favourable rates during low interest rate periods and were not able to dish out loans at the same pace and rather parked the money in treasuries. if the depositors did not indeed panic, the securities would not have been required to sell at a loss and would payoff without loss at maturity..
Akshat I followed you and invested through Vauld , now who is responsible, Will you take accountability now for the money I lost? Is it correct on your part??
Thanks for comment👍🏼
What' sap me with the number showing above for guidance, consultation and investment plan startup
If economy is going weaker then why you suggest buy stocks
Sometimes it is better to not know about few things....and this video is one of them......stay focused what u doing....
Dear , the problem is same in US and India, excessive money printing. Inflation is also high. RBI is on the job. 2024 elections. Nothing big is expected on the Economy front. Lets hope our Banks sustain their stability. India to turn its direction to a production economy in Goods & services. Agri to be modernised. Per capita income to increase for the base in the pyramid. Investments to come in big for the manufacturing sectors. Infraa to improve to keep all running.
Ramesh
Your videos are informative, small advice needed, is it good to invest in fractional properties... if yes make a video on this subject too
How to subscribe to your community channel , do not want to take course though.Thx
Video starts from 10:22
Thanks ❤❤❤
is Gold a real assets can we buy gold instead of fixed deposits ? what will be the tax implications in exit / sell
According to Ray Dalio Vauld was a good platform that's why he invested and you supported. But after the freeze there has not been a single update from yourside regarding the proceeding that;s going on.
I am not pointing finger at you for our loss ,and it's not even loss the entire money is wiped off..Atleast cover the proceedings so that we are updated about it and whether we will get the money back about whatever is left.
Thanks Akshat.
Superb video. This is one of the most informative video you have posted.
Relax. If the Government will invest in creating a good ecosystem for business, and create a high quality educational system, everything will be fine. India has powerful tailwinds!
Akshat, perhaps SVB has itself to blame, rather than kick the buck down the road. It used to benefit from taking on RISKS from mismatches. These mismatches may well be about liquidity (borrowing short term money to finance long term loans, to benefit from the interest gap, in normal circumstances) and interest rates (might well be the opposite of liquidity, that is lending short term loans by borrowing long term money, in the hope interest rates to rise). Usually banks should control and manage these mismatches. Apparently, SVB has NOT done this, otherwise it should be very much immune to any interest movement, not just confined to the present interest hikings but also interest cuttings too.
Thus, when SVB had its depositors uplifting their deposits with the bank, it did not have the money around to repay them, and had to force sell their assets or loans, say treasury bills. SVB could also pay its depositors higher interests to retain the deposits, but that would not work, as depositors did not see SVB as a safe bank to park their money. But, treasury bills on the books of SVB were still paying old interest rates, that was much lower before the interest hikings. Alternatively, investors could always get new treasury bills from Mr Powell of Fed, the Federal Reserve Bank of US, which paid much higher interest rates (coupon). So, SVB had to bite the bullet and be shot dead, that is book the loss on prematured sales of its treasury bills.
To conclude. SVB made its living from risk mismatches, which usually works well in normal days. The equation did not work when the extremes came in, say many rounds of interest hikings in such a short time by Fed. Most banks in fact ride on mismatches, but manage them within controllable limits.
Mobiles are a mega innovation that happened after 2000. It fundamentally changed a lot of things including how I am consuming content right now, how it gets created etc
Please make a video on Vauld's new proposal to give out money.
Thanks for sharing valuable information
With wealth gap, we should also see how many percentage of people have been in that group.
Lot less people in last group, still there are and always will be, but there is reduction, so that needs to be taken into account
One can say, “why so less people in stock, there must be something wrong” & “so less people in stock, there is lot of opportunities here “
Can you update on vauld restructuring
Akshat, what are your thoughts on AI (Artificial Intelligence) as a Mega Innovation and Universal Basic Income , which might be necessary due to the massive job displacement
First predict economy is crumbling then predict share market will go up, after 3 months if share market will go down, play clip from first part else clip from the second part
Appreciate your comment
What’sap me with the number showing above for guidance, consultation and more investment updates👍
Why Akshay You did not mention Gold when you spoke about Hard assets. Gold is the foremost hard asset . U spoke bitcoin and RE. Is it since you are invested only into these 2? Not sure how bitcoin became hard asset just because its supply is limited.
I want to join your community but I don’t know how to make payment as I am in Australia.I am 73 and I don’t use Google pay etc.I don’t know how to do it.I regularly invest in Indian stocks.Regularly watch your vdo, very knowledgable,interesting & beneficial.I will be visiting India only next year.I can transfer the amt. from daughter’s a/c to your a/c if you can send me your bank details.
Thanks, Regards,
Vinod Agarwal.
SVB invested in *MBS (Mortgage backed security)* products *not much* in *Treasury bonds*. The reason why it failed was because the T-bonds were giving better returns than their MBS investments.
Very well explained 👌
You use the phrase "long story short" at least 5 times in every video.
Here are some alternatives for "long story short":
In summary
To sum up
To cut to the chase
Bottom line
In a nutshell
To get to the point
In brief
To put it simply
To make a long story short
In short
Thanks for comment👍🏼
What' sap me with the number showing above for guidance, consultation and investment plan startup
Starting to realize why Buffet and Charlie hate BITCOIN ... Great video!
To cut the long story short... You are right bro
Hi Akshat, you said to avoid high capital expenditure companies. I did not understand the logic behind this statement. Would you make a video to explain further?
Thanks for a very detailed video
Nicely explained ✨👌🙏
As per the latest Bloomburg data, India is the only country that has zero chance of recession in the world today.
That is unlikely, any international recession will definitely affect India
Yeah, you have to have jobs in the first place to lose that job, when you are begging with a bowl, no need to worry about some one stealing from you , this won't be known by cow dung eaters 😅😅😅😢😢
we have a perpetual cash economy and to some extent barter exchanges even today. We have survived worse situations and due to our robust farm sector and ever expanding young work force we will never see recessionary losess like the rest of the world. We do have unemployment and poverty but we also have the ability to feed the populace for months together. I maybe incorrect but theory and practice sometimes go hand in hand. The ever green "Jugaad " principle works best here. The rest we leave it to our Gods. 😀
@@IbrahimSaifuddinSakarwal-hx2kb kuch bhi
Agar world me hoga
Toh all over sab jagah hoga
We are not exception ..
India are also global chain
@@Akshay12909 तब भी इतना तो मानों भारत पर सबसे कम प्रभाब पड़ेगा मंदी का बाकी देशों से
Many things are left unexplained in this video . I actually heard it atleast 5 times. Kindly explain them all in separate videos in near future. Or if already some videos are existing on these topics then please put down links for those via any medium. 🙏🏼
Would borrowing to invest in real estate with 3% yield be considered as long term or short term debt.
Oh yes that was complex economics for me. I understood quiet a bit but need to watch it again to digest the meaning of what you said.
Sir you are very knowledgeable and I try to understand you but your language is as tough as the bankers. If possible try to make videos in Hindi or in slower pace or in simpler languages. You are just throwing dates and data, but it is very difficult to understand. Pls help
After 2000, I think blockchain development is a big innovation like internet...
Yeah agreed but it still in the development phase and people are yet to discover the mass use cases so mass adoption will also take much more time
Biggest innovation is use of neural networks also called AI. Blockchain is a smart idea but with limited usages like decentralizations and anonymity.
Agree, but the point is that the adoption has not penetrated apart from the fact that it is more or less used as an alternative form of investment.
Have we stopped using Fiat? NO,
Have we stopped traditional forms of investment? No
Is it a reliable and regulated ? No!
@@linkin324 bhai now we are in such economy where we can't stop using fiat currency, even the digital currency being issued by Central banks are also fait currency. In few year we will see that this amt of debt will become normal because of lack of solution for it and gold pegged snd standard systems are difficult to bring back. With same it is next to impossible to use crypto ( bitcoin , ether...) as medium of exchange such as dollar ruppee yen.... because first they are not fully save and most imp huge amt is held by few people in few country and this was only reason for which gold pegged system was stopped.
Agree ?
@@chiragsingla9499 why gold system is stopped?
It’s every green asset bro
Sir, also make a video on your English communications, how it gets improved, or how you improved it.
Today's video is the best of all. simplified economics at its peak.
Really a great video.
Wow ! Akshat you have explained it so well, hats off to you .
Thanks for comment
What’sap me with the number showing above for guidance on investment plan startups
Long story short is 23 minutes :D
Although it's always easy to understand Akshat's explanations.
One of the best book I have read ...Mr.Dalio is a Marvel
Akshath I never saw you bullish on market or never seen you recommending to buy any stock heavily….why are soo worried to suggest about any stock to buy
Awesome content, No youtuber stands in comparison, Can you plz make some videos on passive income sources other than stocs n bonds too.
I see very nwgative videos now a days. Which are just assumptions. So much negativity. If people dont have social media. Markets will go well.
In one vide you say it is going to go up.. in another you say it is going to xecline😮😢
Yeda hai ..kabhi kehta hai sell karke paise banao kabhi kehta hai long term investment karo
*decline
All base less stories , intention to create video for views and money
चित भी मेरी पट भी मेरी
you toggled between US and india... you showed US stats and also mixed india into it... The are connected however they are different. US is purely a debt based economy
dal price will not increase coz price of agriculture will not increase.
people who like agriculture will surely work in agriculture and its production is completely dependent on nature.
its not produced in Big bazzar or Walmart.
i will not be happy to prove u wrong but worried of they inflation with ur point of view.
but at that time when dal price will hike. Dal itself will be a barter system... !
which one are long term debts ?
Awesome analysis. Thanks a lot sir. Please keep posting this kind of informative videos. Once again, thanks a lot sir.
don't say our institutions are failing. SVB, THE great credit Suisse 😂 etc are not ours.
Yes bank was ours but since then a lot of strict regulatory norm have been put in place by RBI.
On debt I gree with u.🎉