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  • Please help understand the end of US exceptionalism and India's position

    Please help understand the end of US exceptionalism and India's position
    2025/04/21
    In this episode of "Please Help Me Understand," we spoke with Suyash Choudhary, Head of Fixed Income at Bandhan AMC, about the potential end of US economic exceptionalism and India's strategic position in this shifting global landscape. As Trump's sweeping tariffs create unprecedented economic uncertainty, Suyash offers a masterful analysis of what's really happening beneath the headlines: - Why the US dollar is weakening during a risk-off period (contrary to historical patterns) and how this represents a potential inflection point in global capital flows - The three pillars of US exceptionalism that are now crumbling: massive fiscal stimulus (deficit expanded from 3% to 6.5-7%), concentrated tech/AI revolution, and strong immigration flows - Why emerging market bond yields to US bond spreads have narrowed to just 200 basis points, and what this tells us about changing investor perceptions of risk - The four critical questions every fixed income investor must answer: Fed policy direction, dollar trajectory, potential Chinese devaluation, and RBI's policy space For India specifically, Suyash explains how two structural advantages position us differently than in previous global downturns: - The transformation from a 2.5-3% current account deficit country to roughly 1%, driven by a "services revolution" that has doubled our monthly services trade surplus - Clean balance sheets across the financial system, with credit risk no longer a macro problem He also breaks down the RBI's proactive policy approach, why India's bond market is increasingly attractive to global investors despite being dramatically underowned (FPI ownership at just ~3%), and how the long end of the yield curve (30-50 year bonds) has transformed from "exotic" to viable. Whether you're a professional investor seeking to navigate these uncertain waters or simply trying to understand what global economic shifts mean for your financial future, this conversation provides essential context and practical insights.
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    49 分
  • Please help understand the new world order in the age of trump!

    Please help understand the new world order in the age of trump!
    2025/04/14

    The New World Order: Understanding Global Economic Realignment with Debashish Bose

    In this episode of "Please Help Me Understand," we decode the seismic shifts reshaping the global economy in the wake of Trump's sweeping tariffs. Investment strategist Debashish explains how these moves are accelerating fundamental changes that have been brewing for decades, compressing what might have taken 15-20 years into perhaps just 5 years.

    We explore the rise of "National Capitalism," the potential unraveling of the dollar-based financial system, and what this means for investors worldwide. From the remilitarization of Europe to the future of digital currencies, this conversation provides a framework for understanding what may be the most significant economic transition of our lifetimes.

    Whether you're concerned about market volatility, curious about geopolitical shifts, or planning your investment strategy, this episode offers critical insights for navigating an increasingly unpredictable world.

    Debashish on LinkedIn: https://www.linkedin.com/in/debashishbose/?originalSubdomain=in

    Here are some notes from the episode: https://thedailybrief.zerodha.com/p/the-new-world-order-understanding
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    1 時間 32 分
  • Please help understand what's happening to the global financial markets

    Please help understand what's happening to the global financial markets
    2024/08/12
    In this episode, Debashish Bose of Oaks Asset Management explains the long-term trends shaping the Indian and global financial markets. In the episode, Debashish talks about: 1. What's happening to the markets 2. Big trends like deglobalization, de-dollarisation, and geopolitical rivalries 3. The future of currencies and commodities 4. Whether valuations will remain higher for longer 5. If whatever we have learned about investing so far is useless 6. What kind of themes will do well in the dangerous world we live in and much more We hope you enjoy the conversation as much as we did :) Debashish on LinkedIn: https://www.linkedin.com/in/debashishbose/?originalSubdomain=in
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    1 時間 16 分
  • Please help me understand Gold!

    Please help me understand Gold!
    2024/07/25
    Financial markets are complex, and expert explanations often leave us more confused due to jargon and fancy language. Friends aren't much help either since most people don't understand finance. We've faced this problem ourselves, so we're starting "Please Help Me Understand." In this podcast, we talk to top finance experts, asking the simple questions you're too embarrassed to ask. We'll tackle stock markets, trading, investing, and more, making complex topics easy to understand. In the first episode, we delve into gold, one of the best-performing asset classes this year. With so much happening in the gold space, we reached out to two experts at the World Gold Council, an industry body renowned for its exceptional research. We spoke with Krishan Gopaul, a senior analyst, and Jeremy De Pessemier, an asset allocation strategist. This conversation is packed with valuable insights about gold. Whether you're mildly curious or deeply interested in this often confusing and complex asset class, this is the episode for you.
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    1 時間 13 分