Sara’s Weekly Update #28
Welcome to my newsletter! I write down my thoughts & opinions on the topics I read/watched last week. My topics of interest are broad, please feel free to skip to the issue you like.
Evergrande’s liquidation is a new low in China’s property crisis
As Tommy Wu of Commerzbank, a German lender, has written, a full liquidation of Evergrande’s Chinese assets would probably send a shockwave through the Chinese economy.
This feels like Lehman Brother moment for US during the 2008 financial crisis. But now sure if China will respond in similar manner like what US did in 2009. So far we have seen some interest rate cuts but not as low as US did back then. And there are some stimulus packages but still not as big as the market excepts it to be. We have to wait & see how China is going to deal with this crisis.
Ram Mandir
Big & Beautiful Ram Mandir is opened in Ayodhya. It has got the interest of many millions of peoples heart. It good in that sense. But Modi, India’s Prime Minster going there for opening may not be a good idea. He has rights to follow his religion, but as an India’s Prime Minister, he could have excused himself out of the opening ceremony & visited it during normal times without hyping it in the media. He has duty to serve all Indian’s irrespective of the religions.
Personal Updates
Turned 40
Turned 40 this year! They say life begins at 40, have to see that :-)
We celebrated as usual by going for a dinner date & brunch with kids. Also guys took me out for two weekends. My wife started asking how long I am planning to celebrate my 40th? :-) I am grateful to have these friends! And Thank You, to all the friends & family who sent their wishes!