Fomerly @morganstanley "Active" Factor Quant. Bogle, Asness, Fama, (Re) Tweets are not advice/endorsement.
Mar 9, 2022 • 17 tweets • 6 min read
In mid 2008, I first heard the phrase "canary in the coal mine" in a speech by Stephen Roach at the Trident Hotel while he was here for Morgan Stanley's annual conference. I had to go look it up what exactly did it it mean. Later during the year I experienced what it meant. (1/n)
In 2016 Stan Druckenmiller warned the 3k attendees at NY Sohn Conf that policymakers have no end game but market do. And at some point market will have no choice but to wake up and realize that the sugar highs being provided by the fed no longer give them the desired "kick"(2/n)
May 13, 2020 • 21 tweets • 9 min read
Harking back to 1991. Every large reform today is compared to 1991. I decided to go back and read how it was covered in 1991. “One is whether the tentative free-market reforms undertaken by Rao's Congress Party government will prove bold and courageous enough” #1991Reforms
“to rescue the country from rising double-digit inflation, smothering debt & shrinking economic growth. The second is whether India's foreign policy is hindering these capitalist reforms by continuing to project the old, 3rd World-leftist ideas that guided Delhi during Cold War”
