while india s growth story is strong, but inflation has been a sticking point, and on friday last week, the central bank also did not change the key interest rate, kept it on the higher side, showing its concern on the rising food prices. so that is something the government keenly wants to contain, and after the export curbs were announced last friday, the wholesale prices of onions did see some crashing down but this certainly has not left the exporters very happy. onions are so important to indian cooking aren t they? we saw the response from the farmers, who blocked that highway, what has the response from ordinary people been? well, onion prices have actually gone up substantially since last year, they are almost double. it is a kitchen staple in india and it is also a political subject across states in india, that is why the government is keenly focused on that. there are certainly has been a respite in prices, but most of it will reflect only in coming days when it move
that while milei came to power on a chinese sceptic platform, he also came to power on a pro business platform, and one of argentina s most important business sectors creating the largest number of exports, creating the largest amount of dollars is agriculture. and where do those crops go? brazil, the eu and china. there s simply no practical way to cut ties with any of argentina s trading partners any more than brazil or chile or any of its south american neighbours can do. what do you see happening now that he is in office? well, if you d like to think about an example that might repeat itself, just look to the north, in brazil. when president bolsonaro took power in 2019, he also came to power on a china sceptic, pro business platform, and while official lending paused during his time, trade and investment continued to grow to record levels. i would expect to see exactly the same thing happen in argentina. between trade and agriculture and investment in lithium, lithiu
but on capitol hill wednesday, eight us bank ceos said that s unnecessary and issued a warning that new regulations will hurt the economy and credit markets. the rule would have predictable and harmful outcomes to the economy, markets, business of all sizes and american households in ways that the federal reserve has not studied, contemplated or shared. the hearing is part of the senate banking committee s annual oversight of big banks and what a year it s been. regional bank failures, including silicon valley bank and signature bank, dominated the early part of the year. the ceo said wednesday that the industry is on steady footing and that large banks like theirs helped stabilize the industry after early 2020. the industry after early 2023 s failures. the hearing is an opportunity to win favour on capitol hill, especially from moderate democratic senators. but the real audience is the regulators responsible for the final language and implementation of the rule. google has h
crypto prices higher. specifically i think two factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. let s talk about liquidity, i think in the past few weeks we have seen actually easing from china and also from the us. the fed has been injecting liquidity through overnight repo facility. also from a seasonality perspective. november, december tends to be quite favourable in terms of financial conditions. the rally in bonds and the fall of interest rates has helped also financial conditions to ease in the past few weeks. hence we have seen a surge in the liquidity and the system and that propels both gold and crypto currency higher. the next reason is the us dollar. both gold and crypto currencies are denominated in us dollars and when the us dollar becomes weaker, that is actually a tailwind for both asset classes. as we mentioned, given the market is now pricing in increasingly probabilities of cut starting as early as ap
there are a few things that drive gold and crypto prices higher. the first one is the quality and the second is the us dollar. let s talk about liquidity. easing from china and also from the us, the fed has actually been injecting liquid italy, overnight repo facility. so also from a seasonality perspective, november december actually quite favourable in terms of financial conditions, and indeed the rally, or the fall of interest rates have helped also financial conditions to ease in the past few weeks and hence we ve seen a surge in liquidity in the system and that propels both gold and crypto currencies higher. the next reason is for the us dollar. both gold and crypto currencies is dominated by us dollars. when the dollar becomes weaker that is a tailwind for the causes. given that the market is now pricing in an increasingly probability of cuts are starting as early as april next year, the us dollar has been weakening versus both other currencies including gold and crypto