Wake Me When Davos Is Over
If you read Adam Smith in the "Wealth of Nations" you will find that he recommends to be careful of the capitalists when they get together in clubs: they all conspire to rise the prices of their goods. He wrote that "People of the same trade seldom meet together but the conversation ends in a conspiracy against the public, or...
Despite Covid-19, India in fast food eating frenzy
An Indian bread supplier to McDonald’s, Burger King and KFC will launch its IPO next week. Mrs Bectors hopes to raise Rs5.4bn (US$73m). Should not be a problem. Indian investors love Western fast food made the Indian way. Last week, Burger King India’s initial public offering drew bids of US$9.5 bn, or more than 150 times...
Can India afford to boycott Chinese investors?
The Chinese reportedly killed 20 Indian jawans and seized Indian territory. India retaliated by banning ByteDance’s hugely popular video-streaming app TikTok and 598 other Chinese apps on national security concerns. Not that silly of India because this significantly narrows a top growth market for Chinese technology firms...
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