Ajay Shah is a moron

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Resurrecting an old comment.

People think that the economy of this country still responds to monetary variables and suggest fine-tuning. It is also funny to realize that economists simultaneously desire fixing policy variables as in a communist country and rewriting the RBI act, so monetary policy can function as in a “mature” economy.

Trying to get to $/Re of 36 and 300bps lower in interest rates from where we are now is laughable. One of these precludes the other.

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