IS THE CART PULLING THE HORSE?
Nov 28, 2019
2 minutes
By SUSHIL KEDIA
The stock market is the barometer of the economy.” This was a statement that examinees had to defend or challenge in an examination during my graduation in Business Economics in 1992. I defended the statement, at a cost.
My generation was right in the middle of the biggest ever market mania in India. Robert Shiller recorded it as the eleventh largest ‘Irrational Exuberance’ of any financial
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