@Aunindyo2023 Communist uncles don’t get to tell other peoples opinions are ridiculous.
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Margin Memos
3.3K posts
Margin Memos
@MarginMemos
Turning leverage into legacy.
India Katılım Ekim 2022
29 Takip Edilen111 Takipçiler
Annual reminder that everyone has the right to express their opinion, however ridiculous it might be.
Gita Gopinath@GitaGopinath
My op-ed in @timesofindia on the rupee: timesofindia.indiatimes.com/blogs/toi-edit… There is nothing automatic about foreign exchange running out. Only the RBI can deplete reserves. The policy question is whether to deplete reserves to support the rupee. I argue that there are ample grounds to let the rupee adjust to arrive at lower imports, higher exports, and to encourage capital inflows. Intervention in FX markets can wait another day.
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@niveshit Yes i just finished reading Appellate Tribunal order.
I also read an article by Aucheta Dalal on his discharge by the Securities Appeallate Tribunal..
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@harshmadhusudan Prediction: Token spends will eventually be comparable to crude import bill. Why will the rupee strengthen?
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Never seen so much pessimism regarding India in my twenty years of studying macro and markets. Not in 2008, 2013, 2020.
AI is a positive for India. There is absolutely no sign of Indian service exports slowing down in the latest data. If a $20k guy in Pune is to be laid off, a $200k guy in Philly is even more on the chopping block. If anything giving them both the latest AI reduces any competence gap.
Regarding AI supply side, Sarvam etc just received more investment and we are continuing to work on the semiconductor side. Second/third mover advantage on the cheap is not a small thing here. Actually, AI has in part negated the platform winner-takes-all economics of US Big Tech by making it capex-intensive. Of course national security considerations remain.
The rupee is extremely oversold. The gold/silver import restriction moderate measures have just kicked in. Ex-gold we have been in significant trade and current account surplus for many years.
US 10y is now 4.6%. Gas and mortgage rates are off the chart there. Rising long-end of the yield curve and rapidly rising AI capex theme both cannot go on together for much longer.
We have to be patient: my view remains India is by far the world's greatest investment opportunity amongst the major themes available today. Of course as part of a diversified asset allocation so that we can live another day to be wrong if needed :)
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@IndianTechGuide Dehaats have entered CBSE. My kids will go to international boards only now
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🚨 CBSE makes three languages mandatory for Class 9 and 10 from July 1.
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Then you fall into a manhole while walking outside a metro station
Bhaumik Gowande@bhaumikgowande
You can travel at 5x the speed and a fraction of the cost and laugh at those sitting for 3 hours in traffic exercising what they think is freedom.
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He’s got it all backwards. It is exactly the part of cutting your hair and delivering your food that AI will completely take over.
Neil Borate@ActusDei
AI won't cut your hair. It won't deliver your food. But it can cut your wealth advisor's fee from ₹70k to ₹15k. Most people don't ask. That's the whole problem. 🧵
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@REDBOXINDIA Govt supported Bharat cabs are launching in every city soon. Be ready for the change. Uber is a US based company exploiting customers. Ola has a majority of Chinese investors. Hope everyone got the answer.
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MAHARASHTRA ASKS APPLE & GOOGLE TO REMOVE UBER, OLA & RAPIDO APPS AMID CRACKDOWN ON UNAUTHORIZED BIKE TAXIS
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@ShyTurista @Variety Ah yes, the fool who is about to become a trillionaire
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Why is Elon Musk melting down over #TheOdyssey and the Oscars?
"Every best picture winner in the Academy’s 98-year history — from the 'Wings' in 1929 through 'One Battle After Another' this past March — clears the Oscars' new inclusion rules. That also includes 'Oppenheimer,' the film directed by Christopher Nolan, with whom Elon Musk had no problem until this past week. And Nolan’s upcoming adaptation of Homer’s 'The Odyssey,' whenever the Academy gets a look at it, would also clear the inclusion standards, and it’s not because Lupita Nyong’o was cast as Helen of Troy," writes Variety's Clayton Davis.
variety.com/2026/film/awar…
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@GoshawkTrades They take the price of the asset they wish to and then snap it back to reality. That's how they play. Those who know they know.
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a lot of replies to this are "how do you compete against that?"
you don't. that's the point.
if you're getting into algo trading, you are not going to beat Jane Street at market making. you are not going to out-speed them on order book inefficiencies. you are not going to win at anything that requires sub-millisecond execution.
that is not how you win.
here's how you actually find something you can win in:
1. trade on higher timeframes where speed doesn't matter. trend following, momentum, mean reversion on daily or weekly bars, none of these require nanosecond execution.
2. go where the big funds can't. less liquid markets, newer asset classes, niche sub markets. the capital they manage is too large for those markets to matter to them, but they can matter to you.
3. harvest risk premiums. that doesn't get arbitraged away very fast and can persists because the underlying risk is real.
the biggest mistake I see newer algo traders make is spending months building something that "tries" to compete directly with firms like this. it's a fun project, but it's not going to work.
know which game you're playing. and more importantly, know which game you're not.
Goshawk Trades@GoshawkTrades
Jane Street just showed the inside of their AI training data center in Texas. 4,032 GPUs. 56 racks. 8,000 km of fiber. liquid cooling running through every server because air cooling can't handle the heat anymore. but the part that got me was the origin story. Ron Minsky, who co-heads their technology group. said their first compute cluster was literally six Dell boxes stacked on top of each other at the end of a desk row. they called it "the hive." the trading systems sat out in the room with the traders because they wanted to be able to unplug them if something went wrong. at one point, someone vacuuming the office unplugged a live trading system in the middle of the day. from six Dell boxes and a vacuum cleaner incident to a liquid-cooled GPU data center processing trades in under 100 nanoseconds. that's a 20-year arc.
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CJI Surya Kant says there are "parasites" attacking the system.
"There are youngsters like cockroaches, who don't get any employment and don't have any place in the profession. Some of them become media, some of them become social media, some of them become RTI activists, some of them become other activists, and they start attacking everyone." - CJI.
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China also decentralised massively, hanged corrupt civil servants, forced labour to shift from agriculture to industries, instituted 12 hour workdays and massively cut red tape for any manufacturing units all the while subsidising them.
We can’t even pass some stupid farm laws without people coming on the roads.
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China, unlike India, didn't buy into neolib financial globalization, kept capital controls & state directed credit. So Trump chaperones all top US businessmen to beg CCP for market access, while shaking down our oligarch for 10 bil $ even as economy is gutted by capital outflows.
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@Pivot2Centre Also destroying state govt balance sheets via cash transfers coupled with teeth grinding friction for physical businesses by bureaucrats will ensure we are not competitive in exports.
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De dollarization gang was busy collecting the engagement dollars while they mocked remittances and FIIs investment.
I feel, one of the early tremors the govt is seeing is the sudden drop in remittances from Middle East - that will put a significant pressure on the INR.
Add higher energy procurement costs and you are being hit by both sides.
Thanks to amazing taxation policy, FIIs continue to sell and that is the third major factor impacting the INR.
Very tight situation for the government right now
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@sacredrain You chutiyas say all this shit while the irony of posting on an American platform using gmail goes over your head
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Europe keeps buying more Russian LNG.
India can’t buy Russian LNG and oil.
Whatever the US does (tariffs, Iran war), India is always the worst-hit country.
America hates India and tries everything to suppress it.
Modi loves America and puts America’s interests first.
Reuters@Reuters
Exclusive: India declines Russian LNG under sanctions, talks continue on permitted cargoes, sources say reut.rs/42ufodG reut.rs/42ufodG
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@Aunindyo2023 God bless communist uncles and their batshit ideas
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Put a one time exit tax of 80% on all Indian assets that are monetised and taken out, and we will see how many rich leave India. If they are so talented, they can always rebuild outside.
AVISHKAR@Xstopsfreespch
@Aunindyo2023 @thetribunechd Tax the rich and then rich moves out of india and then aunindyo will write look so many entrepreneurs are leaving india. Its a cycle. This shows why Indians are always opposite of Radical communists.
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@TheKhelIndia Nothing is shocking. This is the normal in India.
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🚨 THIS IS BEYOND SHOCKING STUFF 🤯
Funds meant to support India’s top athletes were allegedly used by bureaucrats to upgrade their own residential sports facilities in New Delhi.
The National Sports Development Fund is for athletes, not luxury refurbishments for officials.
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Wouldn't at all surprise me if Nifty fell 200 points from here.
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@ravihanda Low trust society of India is only because lack of enforcement of contracts. Nothing else.
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Kya desh hai ye.
Naa maalik ko majdoor pe bharosa hai.
Naa majdoor ko maalik pe.
Sab ek doosre ka khoon choosne ka tarika dhoondte rehte hai.
You can call it capitalism but capitalism without enforcement of laws is how you get low trust society like India.
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@SandeepParekh @Nithin0dha If there’s one thing that civil servants absolutely hate is paying taxes. And insider trading will involve taxes on gains.
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I've been saying this for a decade, but it's not fun to hear that India actually has very little (if any) big-ticket insider trading happening. Not saying because we are more honest, but because it's very easy to get caught. @Nithin0dha
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