The Bullish Bear – for lack of a better term – is back. He is not desperately pleased about being back given the state of the world and economy, but he is back. There is however one major difference.
I plan to use sarcasm and humor as a Silver lining in these dark, bloody dark times. Nothing like mirth as the blood spills.
So did you hear the paper boy in the public square shouting out that India’s cumulative COVID-19 vaccination coverage has now topped 1.82 billion?! The number of second doses administered has crossed 826 million individuals. That is a double vaccinated rate of 60%. Isn’t that something to be proud and rather delighted about?
We probably ought to publicize and announce to the entire world… how absolutely gratifying it is that 60% of the public has conformed. Has unquestioningly followed the government directive. Cutting edge science and a noteworthy accomplishment, wouldn’t you agree?
Let’s disregard and gloss over the swelling inflation and declining economic growth then. Dispensation of everyday staples and consumables such as tea, edible oils, pulses, meats, cooking gas and services would set you back another 20%-40% compared to early 2020, before the onset of the pandemic.
But let’s be honest. That would put the spotlight rather starkly on the higher taxes, widening fiscal deficit, profligate monetary & fiscal policies of the centre and supply constraints enforced by national as well as local governments.
Besides, the ongoing Russia-Ukraine skirmish gives everyone something else to converse about, doesn’t it? What do you think?
“The greatest threat to the state is not faction but distraction.” — Aristotle.