Sudip Bandyopadhyay’s Blog

It seems only yesterday that scarcity was the story. Energy and commodity prices were heading into the stratosphere. The oil was running out, food shortages loomed, Russia was resurgent and China was marching into Africa amid a scramble for dwindling resources. Now? Prices everywhere are falling as  slowdown/recession bites. International  Investment banks have disappeared; and [...]

After the co-ordinated rate cuts by the major economies, in October, the Chinese cut interest rates in a show of solidarity. Now the rest of the world is talking about fiscal stimulus, and China is charging ahead. The State Council has announced a vast fiscal stimulus programme to pull China through the coming grim years. [...]