" 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.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with mukesh marda

mukesh marda 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!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

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
Read 4 tweets

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/month or $30/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!

Follow Us on Twitter!