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India 🇮🇳 is going to grab a share of global manufacturing if it unshackles its massive labor force. Land reform important too. No one has the scale India has. So the question is, does it want FDI??? And I say it does!!!
The world wants India to rise, and so, it is time for India to meet investors half way. Time is of the essence. I wrote an op ed on this.
Sadly, Indonesia labor reform is stalling. And so instead of relying on FDI, it is doing the age old PFI. India can do it. Time to act fast & liberate the labor force for more productive employment. Meet investors half way & awake from the slumber!!!

google.com.hk/amp/s/amp.ft.c…
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Trinh Nguyen
@Trinhnomics
On CNBC tomorrow at 810am HKT to discuss the following:
*Vietnam beyond covid & why after crushing Covid, it needs to move up the value chain
*But a mixed call given that BOT worst in March & did a lot to help stabilize markets so don't expect bazooka tomorrow even if GDP falters
*Markets expect a 25bps cut for BOT to go to 0.5% from 0.75% & some expectation of QE but I think too early to discuss QE as BOT did a bit of short-term QE in March but needs time to digest (don't forget fiscal for Thailand is large & close to 10% of GDP
*China LPR, likely a hold
*China held 1-yr MLF recently & did 50bps RRR cut for small & medium sized banks + M2 data + TSF better so key issues are very much demand side driven.
*Don't forget that demand indicators bad (retail sales + FIA & only infra + property bounced) while supply better.
*Demand key
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Trinh Nguyen
@Trinhnomics
Reagan in 1982:

"We're approaching the end of a bloody century plagued by totalitarianism. Optimism comes less easily today, not b/c democracy is less vigorous, but b/c democracy's enemies have refined their instruments of repression."

There's a threat posed to human freedom by the enormous power of the modern state. History teaches the dangers of gov that overreaches - political control taking precedence over free economic growth, secret police, mindless bureaucracy, all combining to stifle individual freedom.
If history teaches anything it teaches self-delusion in the face of unpleasant facts is folly. We see around us today the marks of our terrible dilemma - predictions of doomsday, anti-nuclear demonstrations, an arms race in which the West must be an unwilling participant.
Read 3 tweets
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Trinh Nguyen
@Trinhnomics
🤦🏻‍♀️🤦🏻‍♀️🤦🏻‍♀️ Oh New York Governator Cuomo

wsj.com/articles/new-y…
I mean, come on. Oh Cuomo. What were you thinking????

The Governator of New York where the death tolls are 10 times California, a state much more populous. And oh the ventilators while he pushed Covid-19 positive to nursing homes.

Nursing homes!!! 🤦🏻‍♀️🤦🏻‍♀️🤦🏻‍♀️😬👵🏻🧓🏻👴🏻
Covid deaths in New York. That's 27,641 people dead. Alot of them are in nursing homes where the state sends Covid-19 positive people to nursing homes, the population most vulnerable for Covid, esp men

Meanwhile, outrage over ventilators missing that were plentiful. Plentiful.
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