Ronojoy Mazumdar

Champion of capitalism, ex-Morgan Stanley emerging markets investor Ruchir Sharma with same talking points on AI "bubble" as...AOC: capitalistic on the upside, socialized downside. Worry over its share of stock market gains and its share of capex in GDP
youtu.be/zOOgmOKEZnw?...

but one enforced on private players, their euphemism being "supply management" through a price floor for key crops. Curious whether that kind of compromise (vs a government-guarunteed MSP) made it into India's farm laws debate, or whether it would be a non-starter here. (2/2)

YouTube video by More Perfect Union We Went to Arkansas. The Farm Crisis Will Shock You

Debt distress driving farmer suicides in the US. Issue there is that Big Ag has a chokehold on both ends of the supply chain, unlike in India where they have it only on one end. The U.S. small farmer ask? An MSP... (1/2)

youtu.be/cl02K72QFS0?... via
@YouTube

"The spirit of cooperation that once reigned has been shattered by economic rivalries and a stark divergence in climate policies among the world’s biggest polluters."

www.reuters.com/markets/comm...

India general election, start of June 2024

Bulgarian sub-plot to global petrodollar arm-wrestle!

"The Treasury Department also allowed transactions until April 29, 2026, involving Lukoil entities in Bulgaria"

reuters.com/business/ene...

Discuss: monetary policymakers as embodying the "paternal" spiritual energy in parenting the economy, while fiscal policymakers channel the "maternal" equivalent.

Whenever the b*bble pops, this is the sort of thing that might reveal what Huang and co. really think about AGI:

"GPU producers like NVIDIA may gain some advantage from leasing GPUs rather than selling them if they believe that GPU lessees are mispricing the residual."
t.co/gfk041EyYv(1...

"Reservoirs were already at record lows, rainfall unusually poor, and rationing measures tightening. During the 12-Day War, water infrastructure was even targeted. Yet few paid attention.

Now, Tehran’s water shortage has gone from chronic to critical." (2/2)

Evacuating the Capital? Inside Iran’s Water Crisis and the Politics of Drought Over the last decade, I’ve spent much of my time studying environmental change in the past and tracing what global warming means for our future.

"So while I could be writing about COP30, which began this morning, or about the latest chaos at the BBC, I think the most important story in the world right now is unfolding in Iran."
peterfrankopan.substack.com/p/evacuating...

(1/2)

--> This is precisely the sort of thing that would have allowed journalists to get away with calling Governor Sanjay Malhotra "the trilllion rupee man" in the pre-MPC era (2/2)

India’s RBI Shields Currency, Bond Markets as US Tariffs Bite India’s central bank is supporting the currency and bond markets as delays in reducing harsh US tariffs hurt local assets.

"Analysts at Kotak Mahindra Bank Ltd. and Aditya Birla Sun Life AMC Ltd. expect the RBI to buy about one trillion rupees of bonds in the coming months."
bloomberg.com/news/article...
(1/2)

Numb at Burning Man Only one thing has ever happened

"They put me on manual labour duty. Fine, I thought. I’m used to working with my hands. Typing for a living is a form of working with your hands." open.substack.com/pub/samkriss...

China's carbon dioxide emissions were flat year-on-year in the third quarter, extending a now 18-month streak of flat or falling emissions 🥳🥳
www.reuters.com/sustainabili...

Elon Musk's $1 trillion Tesla pay plan wins shareholder approval www.reuters.com/legal/transa...

-- Presumably to shield him from the crazy inflation to come?

"...has utterly dropped the ball on the biggest environmental challenge of our age. Instead, the threat will be met and defeated by China, and — more than any other single individual — by Xi Jinping himself. That’s no small accomplishment."

(7/7) (h/t @noahpinion.blogsky.venki.dev

"The United States — the country that defeated the Axis, fed the world with the Green Revolution, and did so much to promote global growth and technological progress over the last century..." noahpinion.blog/p/china-is-q... (6/7)

"Meanwhile, tension between China and the U.S. quickly spilled over into concerns about interdependency...the U.S. worried about China’s control over supply chains for solar panels, battery components and critical minerals."

(5/7)

The New Geopolitics Of The Green Transition | NOEMA The only path forward for tackling the climate crisis hinges on cooperative industrial strategies to coordinate clean energy investment and infrastructure development.

Another geopolitical factor powering climate action is the push for energy security and autonomy. In the wake of Russia’s invasion of Ukraine, European nations realized the risks of relying on potential adversaries for critical energy supplies. "
noemamag.com/the-new-geop...
(4/7)

"Washington, though, is pushing back – and not just with rhetoric. Trump has used his tariff war to push partners including the European Union, Vietnam and Japan to include increased purchases of U.S. liquefied natural gas in their new trade agreements."

(3/7)

"The top trading partner for around 150 countries is China, which is at the forefront of developing everything from electric vehicles to solar panels to high-voltage cables for power grids."
reuters.com/commentary/b...

(2/7) (h/t @antonycurrie.bsky.social )

Cold War 1 pitted two fossil fuel superpowers against each other. The energy outlines of Cold War 2 have been drawn, and it could not be more different. A thread:

(1/7)

Coal Mavericks Chase Riches Abandoned by Global Mining Firms Risk takers like Geo Energy are doubling down while mining giants abandon the world’s dirtiest fossil fuel.

“Coal is a black sheep,” said Putra, the mine’s local director, taking a drag of his cigarette while motioning towards excavators lifting smoldering piles of coal onto trucks. “This is my baby.”
www.bloomberg.com/news/feature...

India May Cancel Green Power Projects Struggling to Find Clients India is considering canceling green power projects equivalent to as much as a fifth of the country’s renewable capacity because they’re struggling to find state utilities to buy their electricity.

*Sigh*
www.bloomberg.com/news/article...

India's first AI filmmaking hackathon is here- bringing together filmmakers, coders & creators to redefine cinema🎬🤖
#aifilmmaking #creativefuture #entertainment #movie #mumbaievents #digitalstorytelling #newsletter #Filmmaking #festival #mumbai #films #techmeetsart #art #hackathon

It's a range for sure, some are more consistently profitable than others. Typically acquisition targets though tend to be the ones not in the best shape!

Silicon Valley Has China Envy, and That Reveals a Lot About America

"Silicon Valley’s China envy ultimately says more about America than about China. It reflects a nation grappling with its lost confidence."
www.nytimes.com/2025/10/22/b...

Exclusive: India plans to hike foreign investment cap in state-run banks to 49%, source says India is planning to allow direct foreign investment in state-run banks of up to 49%, more than double current limits, according to a person directly involved in the policy discussions.

It's an interesting development if it pans out. But what does a big, foreign investor have to gain from what would still be a minority stake in an Indian public sector bank?
www.reuters.com/sustainabili...

Bullion is set for a weekly gain of 7.8%, and earlier in the session had temporarily been on track for its biggest gain since September 2008 when the collapse of Lehman Brothers fuelled the global financial crisis.
reuters.com/world/china/...
______
Still a nothing ever happens market?

10-year Treasury yields melting a hole through the floor to touch more than 12-month lows. Yes it's driven by Fedspeak, but anyone would be hard-pressed to say this shows an economy in good nick.