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Kapil Ranade
Lives in Bombay
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Kapil Ranade

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Books on Bikes, a program thought up by librarian Jared Mills, will see 11 Seattle librarians, all rather fit, spending their summer riding bicycles with custom-made trailers attached that carry 500lb (227kg) of books, a large sign and a mobile Wi-Fi hotspot. The purpose is to simply be available as a place to check out some of the “hottest” books of the season http://econ.st/12mI1q0
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Kapil Ranade

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" . . . . in contrast to China, Indian authorities have far less policy leeway. For starters, the rupee is in near free-fall. That means that the Reserve Bank of India – which has hiked its benchmark policy rate 13 times since the start of 2010 to deal with a still-serious inflation problem – can ill afford to ease monetary policy. Moreover, an outsize consolidated government budget deficit of around 9% of GDP limits India’s fiscal-policy discretion."
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"The eurozone is operating under the pretense that public and private debts will, at some point, be repaid, although, in many countries, the distress now is greater than it was at the start of the crisis almost five years ago. As a result, banks, borrowers, and governments are dragging each other into a vicious downward spiral. Politicians have exacerbated the situation by doubling down on fiscal austerity, which has undermined GDP growth while failing to shrink government debt/GDP ratios. And no decisive policy action aimed at healing private balance sheets appears imminent."
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"In Europe, the banks’ wounds must be closed – weak banks must be shut down or merged with stronger banks – before recovery can begin. This will require an extensive swap of private debts for equity."

Replacing bank debt with sovereign debt hasn't helped, but who will stump up the equity?
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Perpetuation of economic class through the generations has been norm in the third world from time immemorial and post-colonial democracies has struggled to change that.
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Kapil Ranade

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"And inflows to the world’s poorest countries hit a record high." - Silver lining perhaps?
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"Germany’s reluctance to lead on these issues partly reflects historical inhibitions, which are always difficult to overcome. The persistence of pre-Keynesian orthodoxy in German economic thought, with its moral abhorrence of the “sin of borrowing” (and thus its neglect of aggregate demand), does not help, either. The federalist structure of Germany’s political system, moreover, favors parochial approaches over grander designs."
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A more graphically coherent rationale for something I'd shared earlier.
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"And, because people trade bonds for commodities, cash, and stocks, the prices of government debt are the rate of inflation, the nominal interest rate, and the level of the stock market. And all three of these prices are flashing green, signaling that markets would prefer government debt to grow at a faster pace than current forecasts indicate." http://goo.gl/9SZZU
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Have him in circles
92 people
Sachin Thakur's profile photo
Preeti Kulkarni Kumble's profile photo
Rajan Gurav's profile photo
Jarred Harris's profile photo
Bob Freeman's profile photo
Kiran Gaitonde's profile photo
Christian Wietholt's profile photo
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Financial Risk Management Professional
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Gender
Male
Other names
The Mighty god Artharaja
Story
Tagline
An obsessive compulsive contrarian prone to cynical ruminations - also known as the Gobi!
Introduction
A Financial Risk Management professional, an avid reader and a keen listener of Hindustani Classical music.
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Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Bombay
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