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Selected Writing.

June 2026 3 Min Read

The Inflation Corridor Is Splitting

An energy shock has returned inflation to the centre of monetary policy, but the deeper development is the growing divergence between the United States, Europe and emerging markets.

June 2026 2 Min Read

India Credit: Capex, NBFC Funding, and Refinancing Risk

Matching long-duration infrastructure capex with uneven and shifting NBFC funding structures.

June 2026 2 Min Read

Policy Rate Is the Headline

Why borrowing costs can rise even when the policy rate is unchanged, and why bank balance sheets matter.

June 2026 3 Min Read

Why Quiet Markets Deserve More Suspicion

Why mainstream equilibrium models miss how markets actually move — and why quiet periods call for more attention, not less.

June 2026 3 Min Read

We Have a Coordination Problem

Why stable prices alone do not coordinate investment, and why entrepreneurial plans depend on institutional scaffolding.

June 2026 3 Min Read

Discipline Over Prediction

Why long-term capital coordination succeeds by preparing for VUCA markets rather than attempting to forecast them.

June 2026 3 Min Read

What an MFD Does and Does Not Do

Establishing clear boundaries on mutual fund distribution execution versus active financial advice.

June 2026 4 Min Read

Why We Do Not Time Markets

Understanding the capital theory behind market timing failures and why time-alignment is the only rational approach.