India Is The Only One

The fear and pessimism in the world is unprecedented. However, India is the single biggest opportunity in this crisis and the only one in my opinion.

The problem at the core of the global crisis is a complete collapse of private demand. This collapse has been primarily driven by households deleveraging their balance sheets after a three decade debt fueled consumption binge. The crisis is being further exacerbated by private sector financial institutions deleveraging their balance sheets driven by new onerous regulations and (in europe) a loss of confidence in their holdings of sovereign debt. More...

Revisiting January 2007

I wrote a newsletter in January 2007 at the height of the global easy money boom. http://atyantcapital.com/wp-content/uploads/2007/12/atyant-capital-newsletter-issue-19.pdf

It seems like everything that the media is talking about today is what should have been worried about then. The time to be fearful was then. Now is the time to be greedy. More...

What Is Making Money?

The doom and gloom in financial markets has made the world a very pessimistic place. Investors and business people are frustrated by the state of the economy, the state of politics and it seems like there is no end to the number of crises looming on the horizon.

The problem with top-down macro analysis and journalistic reporting is that everything is painted with the same broad brush. The quest for trends forces one to either be positive about all things in general or negative about all things in general. There is no intermediate stage. More...