Manish ji looks at only one side of things. That’s why he was predicting earning recovery, double digit GDP growth and strong growth in the markets in 2017. That’s why he said demonetisation was not (miserably) bad for the economy.
It isn’t clear from the post that whether from Zero phase, do we go back to Phase One or to further downgrade to Zero Minus.
If we go back to Phase One from Phase Zero, then, it is ok, otherwise it is a big doom and bust.
2 replies on “Manish Chokhani on Market Cycles”
Manish ji looks at only one side of things. That’s why he was predicting earning recovery, double digit GDP growth and strong growth in the markets in 2017. That’s why he said demonetisation was not (miserably) bad for the economy.
It isn’t clear from the post that whether from Zero phase, do we go back to Phase One or to further downgrade to Zero Minus.
If we go back to Phase One from Phase Zero, then, it is ok, otherwise it is a big doom and bust.