Category: Finance News

Jun 1

The US is on a treadmill of death

America just committed $40 billion to Ukraine. Actually, scratch that: America actually just committed $40 billion to several US military corporations (like Raytheon Technologies, General Dynamics, Northrop Grumman, BAE Systems, Lockheed Martin, Boeing, etc) who, after deducting their certainly fat margins, will ship weapons to Ukraine. The $40 billion came out of the US budget, […]
Jun 1

Normal monsoon tidings: Met Dept’s forecast augurs well for economy, but dependence on rains should reduce further

After forecasting normal rains in April, the India Meteorological Department’s (IMD’s) updated long range forecast holds out the prospect for more normal rainfall from the southwest monsoon between June and September. Overall precipitation is expected to be 103% of the new long period average (LPA) of 868.6 mm, up from the 99% forecast in April. […]
Jun 1

Growth Outlook: A shallow recovery

By Indranil Sen Gupta The recovery can be expected to remain shallow with the CLSA Activity Index still weak. After all, it is constrained by weak demand and a slowing US economy thanks to Fed tightening to reduce inflation. The only support for growth comes from soft real lending rates. Despite rising growth risks, the […]