
Pranoy Krishna 🇮🇳
99 posts

Pranoy Krishna 🇮🇳
@Pranoy_Krishna_
Covering macroeconomics and central banks for Reuters. Masters in Applied econ. Proud Indian. Views are personal + RT ≠ endorsements.




Dodging math with 'structural drivers' is unfalsifiable. One correct call ≠ 20yr validity. India's GDP is 6.4% today, not 8% your own consumption multiplier thesis hasn't landed. V-shaped recovery was 🌐, not India-specific insight. Conjunction problem: unanswered. #Thalinomics










Q2 GDP comes at a stunning 8.2%. Yes, nominal GDP at 8.7% is a tad worrying, but even this is better than our poll that saw nominal GDP at 8%. Clearly economy is growing faster than what economists or policy makers are estimating







It's a brave new world for Japan. The Bank of Japan's holdings of government bonds are shrinking on a net basis (blue). The BoJ is still a gross buyer - without this Japanese yields would explode MUCH higher - but this gives you an idea why long-term JGB yields are up so much...











