Do it yourself

In the past few years I have been disappointed multiple times for not reading adequate and missing on most relevant pieces of information. Being an ordinary mortal, I have not taken the blame for this on myself’. I have rather chosen to blame the deluge of data and information that has been persistently inundating my mindscape. The flow of data is so overwhelming that discerning the important from the redundant has been a real challenge; especially because important is usually very marginal and underwhelming. The redundant, manipulated and superfluous is forcefully pushed and pursued relentlessly. The lines between the truth and untruth, conscientious and manipulative, data and information, relevant and redundant have been obviously obliterated or should I say brutally violated. Most of the financial and economic literature I have come across in the past couple of years has focused on analysing the topics like digitalization of economy, modern monetary theory (unsustainability of i...

The elementary principle of economics is that the price of a thing that has any economic value is determined by the forces of demand and supply. Often in the short term a state of inequilibrium may exist leading to higher volatility in prices. However, the equilibrium is usually restored by operation of a variety of factors. There is no denial that economics is youngest amongst the scientific discipline and pure scientists hesitate in admitting it as a discipline of science. Nonetheless it is evolving fast and becoming popular. Not getting into this academic debate, what I have understood is that in popular economics theory is that: (a)    Price of currency is usually a function of demand and supply of that currency at any given point in time. Higher supply should normally lead to lower exchange value and vice versa . The demand of the currency is determined by the relative real rate of return (interest) and structure of economic activity (e.g., current acco...