Uncle Scrooge's Economics

Ignoring everything that consumerism or marketing has to offer, deep inside, what does an average Indian work for? I thought that it was the feeling of completeness, happiness, or respect was something that an average guy worked for. But I was wrong. Even though people want this, it is secondary to buying a house. Yes, that's true. In India, buying real estate comes way ahead of self-esteem or respect. We can do anything to get a house. We can keep jewelry as collateral for buying that 1RK that will uplift our self-esteem in the society. We will work day and night to earn extra income, only to lose it on a big down payment. This unspoken rule of attaching our self-worth and self-respect was something that Mr. Runwal also felt. Subhash Runwal, a middle-class boy who left a job in the US and came to Mumbai in 1967 to start his own real estate company, sits on a massive fortune of $1 billion as of February 2024.  This man has truly taught me a very valuable lesson: to dream big and wo...

                                      Imagine waking up one morning and reading that a Chinese underdog car company has taken over EV sales of Elon's Tesla. Sounds unachievable. Doesn't it? Well, that's what many people said when Wang Chaunfu said that he would build a world-class car company that would beat Tesla in every aspect. May it be design, comfort, or battery efficiency, he proved to the world that you can build it if you can dream it. Automobiles are one of the most fragile businesses in the world. It's like the touch-me-not plant. Very sensitive. The world has experienced one of the best engines in the past century, yet only a handful of them have survived. Apart from competitors like Ford, Toyota, Mercedes, GM (even though it almost went bankrupt in 2008), etc., most of them have either left the industry, been thrown out of the industry, or have merged with a rival. For example, Da...

  The Indian mutual fund industry has made history by hitting the Rs 50 lakh Cr AUM (asset under management) mark. The journey form Rs 20 lakh Cr to Rs 30 Lakh Cr took over 3 years. The subsequent Rs 10 Lakh Cr took 2 years and the last Rs 10 lakh Cr that amassed to Rs 50 Lakh Cr took mere 13 months. That's one hell of a journey. Let me tell you that this Rs 50 lakh Cr belongs to just 14 Cr D-MAT account holders. In the month of February 2021, average monthly contribution to SIPs was Rs 7000 Cr. That same number hovers around Rs 17,000 Cr today. That's 35% yearly compounding. Retailers are driving the bull rally in India that started amidst the Covid 19 pandemic. Taking advantage of this situation, new fund houses and asset management companies are coming up with similar mutual funds with different names. Obviously, they would think about business and would love to wash their hands when the river is flowing.  Rakesh Jhunjhunwala used to say, "Tezi mai bol bala aur mandi ma...

Would you like to be known as the worst lover and actually be a good one, or would you like to be known as the best lover and actually be the worst? Imagine a life in which everything you do, everything you buy, everything you think, and everything you wish for are governed by a powerful family. Imagine being watched by someone every single minute, yet having no idea that your every movement is being tracked. People like to believe that they are independent thinkers, but the reality is that their thoughts and decisions are already subconsciously influenced by someone so powerful that a mere FIR against them can be the cause of your death. Sounds scary? Well, this is the reality we live in. Our thoughts are subconsciously influenced by these powerful hands, and they are watching our every single movement. They are none other than the ROTHSCHILDS. Wait, but why am I talking about some mafia on a blog page that has economics, markets, and business as its theme? Believe it or not, this fam...