" The present bull Run in the stock market cannot be justified by any reasoning ( excess liquidity in the market, FII,s are investing in the market etc etc) Fact is stock market has become like a ponzi scheme our economy was in downturn since past few years & whatever was left
Was destroyed due to unplanned lockdown, certain sectors like aviation, hotels & tourism have almost collapsed & will take years to turn around profitability is ruled out for few years all these sectors have huge exposure to the bank & they will not be able to service the debt
Unemployment was at 45 years high pre covid & things have only worsened in last 6 months. Banks are staring at huge NPA,s in the retail & industrial loans they have given. Consumer confidence is at all time low. Auto& two Wheeler sales have not even touched 2016 level but
Govt & the auto sector wants to portray a false illusion that sector is on the growth track. The sale witnessed in the last two months is a force demand. People who want to commute to their work place but are afraid of infection + lack of public transports like local trains have
Forced them to buy their own two Wheeler or four wheeler. This demand too will dry up in coming months. India is a consumption driven economy & our growth comes from increased demand. This demand was already falling in last 3 yrs thanks to our pradhan sevak,s so called
Master strokes like Demonetization & flawed GST. Both these twin bombs in quick succession have torpedoed our economy which was growing at 8%+. All those claim economy will bounce back have failed to tell how will economy recover without pickup in demand. People don't have money
Jobs or a growing business. From where they will spend the money. The only solution govt is providing is by offering loans! A person who is unable to service his existing debts will take new loans & increase his commitment! It can never happen & will never happen.

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More from @mukeshmarda

16 Oct
I simply fail to understand what development BJP/ modi has done in last six yrs that BJP leaders claim that we are fighting the elections in BIHAR & MP by elections on the issue of development! Today every section of society expect the super rich businessman are feeling the pain
Of the economic disaster unleashed by modi/ BJP & compounded further by covid. People are sitting in their without jobs or working with pay cuts. Businesses & manufacturing are working at 50to 60% capacity. Comman man is unable to meet his monthly commitments & defaults have
Already begin once the loan moratorium has ended & it covers all types of loans mortgage, home loan, car loan, personal, credit card or business loans job losses have not been reversed & still continue unabated. Amid all this only fools can expect that festival sales will pick
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