economics

This includes taxes like SGST (the state’s share of GST), excise duties on alcohol, property stamp duties, and vehicle taxes. The good news is that states’ tax collections have become stronger since the pandemic. Tax buoyancy—a measure of how tax revenue grows with the economy—has improved from 0.86 before the pandemic to 1.44 now. This means

The Depression practically flipped a switch: a fringe idea was suddenly embraced. The Social Security Act was passed in 1935, 372–33 in the House of Representatives and 77–6 in the Senate.

corporate interest expense changes impact revenue growth. To create this understanding, we examine the ongoing rate of nominal revenues relative to existing interest expense. The higher this number, the easier it is to service debt and increase borrowing, and vice versa. Currently, this data point is negative, i.e., interest expense growth has

Conclusion

We are in a historically anomalous moment . Regardless of what one thinks about the merits of AI or explosive datacenter expansion , the scale and pace of capital deployment into a rapidly depreciating technology is remarkable. These are not railroads—we aren’t building century-long infrastructure . AI datacenters are short-lived,

A basic industry with few players, rational management, barriers to entry, a lack of exit barriers and non-complex rules of engagement is the perfect setting for companies to engage in cooperative behaviour.

After the pandemic, consumers shifted spending from services to goods in 2020 due to COVID restrictions, then back to services from 2021-2024 as demand for services reemerged. This week’s chart displays real personal consumption expenditure (PCE) of goods and services, adjusting by their respective deflators for comparison. As of September 30th,

With interest rates low and set to remain so, and banks prepared to prop up weak businesses for fear of crystallising losses, monetary policy looks very unlikely to precipitate a major reallocation of resources.

‘I realised why I had failed for years to sell him,’ said Mr Wesson. ‘I had urged him to buy what I thought he ought to have. Then I changed my approach completely. I urged him to give me his ideas. This made him feel that he was creating the designs. And he was. I didn’t have to sell him. He bought.’

It was also another manifestation of the intermarket reality that financial trends are usually global in nature.