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Demystifying Turkey's Economic Crisis

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In this article, we will see how a verse from Hanuman Chalisa can make us understand, why Turkey is facing a 'cost of living crisis'. 1. The Verse “Shri guru charan saroja-raj, nija manu mukura sudhaari” “I clean the mind-mirror with the dust of my guru’s feet” This verse of hanuman chalisa depicts, why Turkey is facing an economic crisis.  If I ask, “what is world” to 100 different people, I will get 100 different answers. The answer to this question is that, world is nothing, but the image being produce by reflection in our mirror-mind. Like in real life, if the mirror is dirty we will not get a clear reflection of ourselve in it. Same is the case with our mirror-mind, the clearer it is, better will be our perception of world”.   If something is not considered by someone as bad, no matter how much you convince them, they will do that again and again. Because the reflection in their mind-mirror is blurred, due to dust (negative thoughts, biased opinions, anger, etc.) N

Market Outlook - What will drive the markets in 2023

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The New Year can be full of surprises, as there exists a vast amount of uncertainty and a mix of negative outlook & optimistic hopes globally. The main factors in focus are Fed's interest rate hikes, fear of global recession, and covid situation in China. American Market The difference between the US 10Y bond yield and US 3Y bond yield has turn negative. This is considered as a sign of upcoming recession. The 3Y bond yield is trading around current yield of 3.98% and the 10Y bond is trading around 3.56%, the difference being -0.42%. How come the negative difference a sign of recession? The logic behind this goes back to concepts of present value of money and also the relation between time and risk. Longer the time, larger will be the risk that an investor is taking (be it interest rate risk, inflation risk, market risk, default risk or any other risk). Hence, he will demand a higher rate of return on his investment. Also, a rupee today worth more than a rupee tommor