On the other hand

Demand for Treasuries fell among other investors as they believed that Trump’s actions would fuel inflation. (REUTERS)

Vivek Kaul: The bond market called Trump’s bluff but the coast is still hazy

4 min read . 15 Apr 2025

Universal tariffs usually lead to bleak economic outcomes.

Vivek Kaul: ‘Stupid, stupid, stupid’ is the only way to describe US tariffs

4 min read . 07 Apr 2025

The digital system as it has evolved is at the heart of such things. (Pixabay)

Vivek Kaul: Fast thinking is the great enabler of digital fraud

4 min read . 01 Apr 2025

The LTCG tax hike can’t be the main reason behind FIIs selling out of Indian stocks.

Vivek Kaul: Is capital gains tax to blame for the exodus of foreign investors?

4 min read . 18 Mar 2025

The individual rationality of investing in stocks through SIPs led to the aggregate irrationality of making Indian stocks overvalued. (AI-generated image)

Vivek Kaul: The ‘fallacy of composition’ has left equity fund investors reeling

4 min read . 04 Mar 2025

Several factors can randomly come together and create a beneficial situation—or what we call luck. (Bloomberg)

Vivek Kaul: Will the government run out of luck with its securities transaction

4 min read . 18 Feb 2025

The hope possibly is that a pickup in private consumption might motivate companies to invest and expand. (Image: Pixabay)

Vivek Kaul: Does the budget signal a change in the government’s growth strategy?

4 min read . 04 Feb 2025

Mutual funds tried to cash in by launching new schemes around which narratives had been built. (FIIs).

Vivek Kaul: The New Year is teaching retail investors old lessons

4 min read . 21 Jan 2025

There are multiple factors that will hold back the government from cutting taxes.

Vivek Kaul: The Union budget should focus on reviving private consumption

4 min read . 01 Jan 2025

Essentially, while other countries have to earn dollars in order to pay for anything priced in the US currency, the US has the option of simply printing them.

Vivek Kaul: Trump’s tariffs won’t kill the dollar’s exorbitant privilege

4 min read . 24 Dec 2024

A central bank cannot simultaneously achieve three objectives: Free international capital movement, a fixed exchange rate and an independent monetary policy. It can only choose two.

Vivek Kaul: RBI’s new governor will have to confront a tricky old trilemma

4 min read . 17 Dec 2024

Market analysts and economists have an incentive to echo each other as they they don’t want to be wrong when the majority gets it right.

Vivek Kaul: India’s GDP growth slump holds lessons in forecasting

4 min read . 10 Dec 2024

The political success of cash transfer schemes is yet another step that India has taken in moving towards a universal basic income in a disguised way. (Mint)

Vivek Kaul: Cash transfer politics impacts not just ballots but also budgets

4 min read . 03 Dec 2024

The simplest solution to protect oneself from such frauds is to not take calls from unknown numbers.

Vivek Kaul: Financial frauds evolve fast but it’s not as if we’re helpless

4 min read . 26 Nov 2024

Stock markets are really not anywhere as predictable as they are made out to be.

Why are stock market ‘experts’ reluctant to accept uncertainty?

4 min read . 19 Nov 2024

While issuing an advisory is a step in the right direction, expecting those in the business of selling shares to carry out due diligence in a way that will help prospective investors only reveals a weak understanding of history.

Here’s why the shares of small businesses sell at inflated prices

4 min read . 10 Sept 2024

A more diverse set of investors investing in Indian government bonds and increasingly scrutinizing public finances as well as India’s economy could lead the bond market to serve as a much better ‘early warning system,’ helping discipline the government of the day. (REUTERS)

India’s inclusion in JPMorgan’s bond index needs sober analysis

4 min read . 03 Oct 2023

Central bankers forgot Milton Friedman’s famous dictum that inflation is always and everywhere a monetary phenomenon.

Central bankers should ponder coin tossing odds and avoid golf

4 min read . 09 Aug 2023

Prosus has concerns about the “strategic, operational, legal, and corporate governance matters” of Byju’s, which means pretty much everything.

Venture capitalists find it tough to escape the ‘sunk cost’ fallacy

4 min read . 01 Aug 2023

Tourists see reels by influencers and throng places all at once on weekends, making more reels and taking more pictures, and posting them across social media.

Chetan Bhagat has good reason to be unhappy with influencers

4 min read . 26 Jul 2023