Uncle Scrooge's Economics

24th February 2022, the day when Mr. Putin announced his invasion of Ukraine, Indian markets fell more than 4% in a single day. Since then, our markets haven't reached the pre-war stage. For the first half of this year, our markets were bleeding. Nifty fell around 15% in that time period. Today, just 9 months after that event, our markets have gained momentum and we are heading towards the 18000 mark once again. This is some kind of growth. But this has not happened for the first time. Time and again, Indian markets have proven the statement, "Indian markets are not meant to stay down for long". Let's look at the top 10 corrections that took place in the Indian markets and how long it took for recovery.  The below numbers represent fall in BSE index (SENSEX) In 1982, Indian markets fell more than 19%. It took only 90 days for our markets to recover fully. During 1986-1988, SENSEX fell more than 41%. It took 4 complete months to recover such a fall. During 1989-1990, m...

   George Soros, one of the most successful investors and traders of the 21st century, was born in poverty in Hungary and today has a net worth of more than $8 billion. It's a remarkable story. He left Hungary as he wanted to do something related to finance and he stumbled upon the US. After working for a few years as a trader on the trading floor in the US, he made up his mind to start his own investment fund in the UK. Soros started the Soros investment fund. His strategy was mostly macro, and he mostly tried to focus on timing the markets. He used to trade like there was no tomorrow. He used all sorts of assets to generate returns. On an annualized basis, Soros was able to generate a whopping 20% return. That's not the only reason why he is famous. Soros is called the man who broke the Bank of England. The story is available on YouTube. But apart from all his investment success, what George Soros is also famous for is running the open society foundation, micromanaging oppos...

  We all remember 2019 for something special. It might be a promotion, a vacation, or simply the happening year before the pandemic took all the fun away. But, for a car afficionado like me, 2019 was the year we saw a new rising power enter the Indian auto sector, soon to take over the current power. Yes, I am talking about KIA motors, the flagship company of Hyundai motors. Who knew that one day a car company would emerge into the Indian auto sector and disrupt the SUV and Mid-SUV game? One might have thought that like Ford, GM, Datsun, Chevrolet, KIA, would also enter the market and later, the management would realize their mistake and would eventually have to leave the country with huge losses. But who knew that KEI motors had planned something different, and they were here to stay? This is the story of KIA motor, a car company that dared to enter the Indian auto sector with courage and went on to create history.  KIA motors are a South Korea-based car manufacturer. It has ...

  The LME, or London Metal Exchange, is the world's largest commodity exchange. More than a trillion dollars' worth of commodities are traded every single day. Metals like aluminium, zinc, lead, copper, and nickel are traded. Almost 3.7 billion Tonnes of various metals are traded annually for an approximate amount of $14.5 trillion. That's 3X the GDP of Japan. Aluminium accounts for more than two-thirds of the $14.5 trillion in traded value. Aluminium is the world's largest commodity for metals in terms of trading volumes. Aluminium is mined from bauxite ores. The largest number of bauxite mines are found in the state of Jharkhand. There are two high-grade bauxite deposits in the belt of Orissa. Orissa accounts for 49% of total bauxite produced in India, followed by Gujarat with 24%, Jharkhand with 9%, and Maharashtra and Chhattisgarh with 8%. But why am I talking about aluminum? You are about to find why. Aluminium is called the green metal because it is a very environ...