Charts That Matter

The most important chart in the investment world today… shortage of dollars

Central banks’ assets and global forex reserves are a critical source of global liquidity. Dollar liquidity will be further squeezed if the YoY change does not turn positive.

Baltic Dry Index: Bloomberg

The Baltic Dry Index is an economic indicator published by London-based Baltic Exchange. The index measures the demand versus supply for shipping capacity for major commodities in the world. A lower index indicates a slowdown in international commodity movement and an overall slowdown in economic activity.

GDP growth and BSE 500 sales growth

The sharp correction in oil prices has landed us a US$47bn windfall gain. Interesting to see how is it shared

But all may not be well here… lower oil prices can hurt us in a different way

India’s trade deficit with China in context of INR/Yuan

In the last 5 years, despite the rupee depreciating 40% against the Yuan our trade deficit has doubled. With China now depreciating its currency, it could have adverse implications for our trade deficit with China. Food for thought.
We had written about a possible Yuan devaluation in the October 2014 edition of the CIO newsletter:
https://www.tatamutualfund.com/docs/other-documents/cio-newsletter-vol-002.pdf 

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