Profile picture
, 3 tweets, 1 min read
My Authors
Read all threads
Q2 2020 was GDP annualized of $17,282.2 bn.
Q2 2019 was GDP annualized of $19,020.6 bn.
(Seasonally adjusted, constant 2012 dollars)

The difference is about 9.1%.

(India measures q2 gdp for 2019 versus 2020 and we are -24%)
Lemme also check the non-annualized GDP in the US. Wonder if they release that.
Found it. (Non seasonally adjusted, US $)
Q2 2020: 4,329.3 bn
Q2 2019: 4,764.4 bn.

About -9.1%
(bea.gov/sites/default/… see Appendix Table B tab)
Missing some Tweet in this thread? You can try to force a refresh.

Keep Current with Deepak Shenoy

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @deepakshenoy see all

Profile picture
Deepak Shenoy
@deepakshenoy
Reliance buys Netmeds (60%) for 620 cr. This is interesting - remember, Reliance is Indian and can have inventory. I really like this - the game is really one of scale. Disclosure: Invested in Reliance
Netmeds is online and a marketplace and has delivery capabilities, apparently 57 lakh customers in 20K pin codes - The valuation seems to be Rs. 2000 a customer which is steep, but will probably 1/100th that at the Reliance ability to scale.
Netmeds valuation - It raised three rounds - $50M, $14M, $35M - a total of $99M. Assuming reliance ONLY paid 620 cr for Netmeds (it got 60% of the parent), the group was valued at 1000 cr.

That's about $150M. Looks like the investors will just about recover their investment.
Read 6 tweets
Profile picture
Deepak Shenoy
@deepakshenoy
This is just ridiculous. RBI has 15 lakh crore extra money, and it chooses to give just R.s 57,000 cr. as dividend to the government - in a Covid kind of crisis. Why the RBI is allowed to hoard this kind of money I have no idea. But they need to have given a lot lot more.
RBI's buffers have gone up by over 400,000 cr. in the last few months. Remember this: The RBI balance sheet does not play a role in an economic rescue - only the government does. The RBI can expand balance sheet at will for any liquidity buffers - the government needs the money.
In general, India needs to have a strict rule that RBI cannot have more than a 15% or 20% buffers, period. Current balance sheet size is 47 lakh crores. Current buffers are 15 lakh crores = which is over 30%!

Terribly unnecessary especially at this time.
Read 5 tweets
Profile picture
Deepak Shenoy
@deepakshenoy
This is an important change that all investors and traders must note. (Thread)
Assume you have only stocks, and have no balance with the broker. You can sell the stocks, but you can only use the money on T+2 - two days later.

Use the money = to buy other stocks, to place F&O trades. (Except one odd case: You can buy options, it seems)
For futures and options players only, this doesn't change. You can trade it like earlier - but intraday leverage is gone. So 20% margin means max 5x leverage (some players were offering intraday 10x etc, which will be removed)
Read 10 tweets

Embed code for your website

×
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!