Sydney, New South Wales
Joined March 2012
- Tweets1.7K
- Following1.9K
- Followers386
- Likes6.1K
Ranjeet shekhawat retweeted
All their problems started in 1967. Now Google when French colonies started gaining independence. Comedy.
Why France is protesting:
— Debt is 119% of GDP (similar to Greece in the 2009 crisis)
— Deficit spending is almost 6% of GDP (wider than Italy’s in 2011 crisis)
— Record poverty rate of 15.4%
— Consistent inflation, exacerbated by Ukraine war and now accelerating due to Iran war
— Interest rate explosion due to the Iran war (now pays more than Greece)
— Privatisation of public assets
— Crumbling public services & infrastructure
— Poor condition of public schools & lack of teachers
— Corruption, cronyism & elite self-dealing
— Special tax arrangements for elites and mega corporations who invest abroad
— Rising living costs & low stagnant wages (€2k median)
— Loss of African territories and exploitation schemes
— Police brutality & protest repression
— Comedians and journalists censored
Quality of life is evaporating in France while the elites loot everything and become more overtly corrupt and repressive as it becomes more clear to the common public how dire the situation is. Macron now has an 82% disapproval rate…
The Ukraine and Iran war are the straws on the camel’s back, skyrocketing both inflation and interest rates on debt. Europe simply cannot survive this.
Ranjeet shekhawat retweeted
Well said here by the GOAT 🐐 economist Warren Hogan 👇
Enjoy your Saturday people and go the Knights !
These people are dangerous. And have been given a wide berth for too long. It is the inflation that persists because interest rates are too low (and government spending growth too strong ), that is hurting the most vulnerable. While no doubt some vulnerable people will be badly impacted by a cash rate rising to an appropriate level of between 5% and 5.5%, it is the government that can choose to act to mitigate some of this distress, not the RBA. We cannot put our heads in the sand as the realities of the world we live in change. The consequences and damage only mount. Economists (and just about everyone else) can debate monetary policy. But there is only one institution, and one group of people within that institution, who are responsible for determining monetary policy and the level of short term interest rates. They should be trusted to do their job and listened to when they explain what they are doing and why. In October 2026 there is one fact that stands above all else when it comes to the political economy of Australia’s monetary policy since the ALP government reforms. The RBA Monetary Policy Board has done everything it can to not lift interest rates 1bp more than necessary. In doing so, they have failed to protect the aforementioned most vulnerable, and allowed inflation to flourish. As they pivot and attempt to act with some conviction to restore price stability, these critics might well consider reserving judgement for a little while, if indeed it is the most vulnerable in our community that they purport to care about.
Ranjeet shekhawat retweeted
"Australia spent 35 years borrowing foreign savings to inflate land prices."
Fact Check: Accurate ✅✅✅
Australia spent 35 years borrowing foreign savings to inflate land prices. Land: 120% to 320% of GDP. Dwellings: barely moved. The asset is a valuation gain. The debt is real. The interest payments leave the country. This is what slow capital misallocation looks like from the inside.
#auspol #ausbiz #ausecon
Ranjeet shekhawat retweeted
The top 10% of American households own 88% of the total equities owned by American households.
The next 40% of households own 12%.
This means the bottom 50% of Americans have ZERO interest in the stock market, are likely in debt and, simply, just want to do better.
This reinforces what Bessent has said earlier that the stock market “is a Mag7 problem not a MAGA problem.”
If fixing the system is about fixing what isn’t working for them, then don’t expect a magic lifeline for equities.
Conventional wisdom has been that there is always a Fed put or a White House put if the stock market contracts enough but this may be a moment to hold a radical new view which is that the put is off the table.
Ranjeet shekhawat retweeted
Treasury Secretary Scott Bessent tells Tucker Carlson
- The top 10% of Americans own 88% of equities, 88% of the stock market
- The next 40% owns 12% of the stock market
- The bottom 50% has debt
-Summer of 2024 more Americans were using food banks than they ever have in history
Ranjeet shekhawat retweeted
NDIS spending will exceed defence spending and education spending by 2028-29 according to the forward estimates. $68 billion per annum.
Ranjeet shekhawat retweeted
2025 Maha Kumbh Mela Ganges River pilgrimage from the ISS at night. The largest human gathering in the world is well lit.
Ranjeet shekhawat retweeted
Why's it so hard to make friends as an adult?
This was a great articulation of the why behind this
h/t SJP
Ranjeet shekhawat retweeted
As @isro achieves a rendezvous above the skies, here on earth, in India, a colossal ‘docking’ is taking place; of heart, spirit and above all—faith in Humanity.
xitter.cf/MahaaKumbh/status/1879…
Ranjeet shekhawat retweeted
Sunil Gavaskar has had his say on the SCG pitch 👀
In his opinion, if 15 wickets had fallen in one day in India — like they did in the Sydney Test on day two — people would be quick to criticise. #AUSvIND
Live blog: ab.co/40m2Zs7
Listen live: ab.co/ABCListenApp
Ranjeet shekhawat retweeted
I know the money is in the shorter forms.
But *nothing* beats Test Cricket.
Nothing.
The pinnacle.
#AUSvIND
Ranjeet shekhawat retweeted
The 2024 Boxing Day Test crowd became the most attended match in Australia's history...
It eclipsed the long-time record set in Bradman's era 🤯
MORE 👉 bit.ly/41UVIk7
Ranjeet shekhawat retweeted
“If you’re willing to die for your country why aren’t you willing to learn math?”
Ranjeet shekhawat retweeted
India's population "explosion" is long over and anyone who says otherwise has the numbers wrong
With over 1.3 billion people, India is now the most populous country in the world. But since the 1990s, India's population growth has been gradually slowing down. One reason behind this slowdown is the declining Total Fertility Rate (TFR), which represents the average number of children a woman is likely to have in her lifetime.
As countries become more economically developed and women gain better access to health and education, fertility rates tend to fall—a phenomenon observed globally. When a country's TFR drops to 2.1, demographers say that the country has reached 'replacement fertility'. Over the last half-century, India's TFR has slowly declined, dropping to 2.05 in 2020.
Beyond TFR, a country's population growth is also affected by the number of people who die every year. Until now, India's population growth slowdown has been powered by falling fertility alone. But in the future, rising mortality—or death rates—will play a role too. As India grows older, mortality rates will start to rise. By the mid-2060s, population growth is expected to turn negative—India will begin to have fewer people every year.
#Population #Census #PopulationData #India #DataForIndia
ALT Chart Title: India began to add fewer people each year since 2000 Description: The chart shows the observed and projected annual population change in India from 1950 to 2100, measured in millions. Key Points: -Between 1950 and 2000, India's annual population growth increased steadily, peaking at nearly 19.5 million people. -After 2000, the annual population growth began to decline steadily. -By the 2060s, the number of deaths is projected to exceed the number of births, resulting in negative annual population growth. -By 2100, India is projected to lose around 7 million people per year, signalling long-term population decline. Source: World Population Prospects 2022 Revision (UN Population Division) Attribution: DataForIndia.com/population-population-growth-in-india/ | CC BY
