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Linkfest: 20 May, 2020
Some stuff I am reading today morning:
RIL Rights issue opens today (Mint)
Franklin may take over 5 years to return funds (ET)
Bharti gives Jio a run for its money (FE)
Non essential retail is back (BS)
Facebook Shops launched (SMH)
Indian MNCs & their unlisted subsidiaries (Balaji Vaidyanath)
Stock Analysis: Filatex India (Dr Vijay Malik)
Where Vallabh Bhansali sees opportunity (Morningstar)
Reinhart & Rogoff: This time really is different (BQ)
The Three Sides of Risk (Morgan Housel)
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Money is Maya
Source: CBS
PELLEY: Fair to say you simply flooded the system with money?
POWELL: Yes. We did. That’s another way to think about it. We did.
PELLEY: Where does it come from? Do you just print it?
POWELL: We print it digitally. So as a central bank, we have the ability to create money digitally. And we do that by buying Treasury Bills or bonds for other government guaranteed securities. And that actually increases the money supply. We also print actual currency and we distribute that through the Federal Reserve banks.
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Narrative Follows Price
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Linkfest: 19 May, 2020
Some stuff I am reading today morning:
Interview with Fed Chair Jerome Powell (CBS)
Moderna reports success on initial Coronavirus vaccine trial (CNBC)
Coal India under financial stress (FE)
Swiggy lays off 1100 employees (BS)
Many firms see hopes of revival dwindle (Mint)
Indian real estate: A House of Cards (Pooja Sarkar)
A strategic view on Indian Pharma (Kiran Dhanwada)
Softbank Investor Presentation (Softbank)
Nothing fails like success in the stock market (Common Sense)
Is Value a Value Trap? (AM)