Charts That Matter – DEMONETISATION And More

1. In 2014, there were a mere two mobile phone manufacturing units in India. Fast forward to 2017, and India is now home to 123 – bursting onto the scene in an impressive manner. These are only assembly lines but will certainly add jobs.


Q2 hedge fund letters, conference, scoops etc

Global High-quality Bonds

2. Germans are increasingly stashing cash under mattress. They did not get a memo on DEMONETISATION.

Global High-quality Bonds

3. This chart shows the distribution of global high-quality bonds outstanding by yield and product. There is nothing above 3% but pension funds are projecting 7-8% returns. So who will pay the difference?

Global High-quality Bonds

4. The trade war portfolio has done really well. I guess globalization is not great anymore.

Global High-Quality Bonds