Over financialization of economy is not good for the overall economy. The banking needs to be boring. The current asset inflation in stock market is because of rampant credit creation by central banks out of nothing. Until we have strong rupee backed by real assets like Gold all this is meaningless as it will not improve the lives of bottom 50%. The asset inflation only helps people who are already rich and puts inflation burden on poor.
Always brilliant to listen to Mr Kamath.
Great Learning 👍
Brillant interaction, great insight!!
I don't understand why ET doesn't get viewer's engagement on YT....
So many people having worst quality content get much more views
Due to the Same reason that we watch & eat junk but don't read books that we bought
❤❤❤❤🎉 The Real guru. Back in 2002 to 2005 had the privilege to work for COPs = Central operations .ICICI.
Over financialization of economy is not good for the overall economy. The banking needs to be boring. The current asset inflation in stock market is because of rampant credit creation by central banks out of nothing. Until we have strong rupee backed by real assets like Gold all this is meaningless as it will not improve the lives of bottom 50%. The asset inflation only helps people who are already rich and puts inflation burden on poor.
Why the ET do not keep good volume in these inteviews....?Good interview though.thanks
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Does this mean banking sector will see job cuts😂