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Amazing!!

Good job Lakshman. Just completed Ray Dalio's magnum opus - Big Debt Crisis and found this interview nicely complimenting my framework of where we are in the multiple cycles. Everything is cyclic..right from daily price action on a 15min chart, to growth cycles, to business cycles, to secular cycles, and for those with stomach for real enquiry - the Yugas which are 432,000 year cycles! (https://hinduism.stackexchange.com/questions/3078/repetition-of-time-and-yugas-in-hinduism) Regarding India, I think he is spot on. Considering the very low base its growing from, on the ground in India, I can see pure Alpha at every street corner. But as some keen observers will note, India isn't anywhere near a market economy yet and still indulges in suicidal socialistic tendencies, that the market must severely reprimand..to train the Indian Govt to strictly adhere to a competitive capitalistic rules.

Don't know exactly why this guy reminds me of Jeff Goldblum. Guy is terrific BTW. Good nareative and exposure of ideas.

This was excellent. Please have him back more frequently.

I've been following ECRI for years, and I have yet to see anyone come even close to the quality and usefulness of their work when it comes to understanding the different cyclical macro trends. Great interview. Very clear and educational.

This was fantastic. Thanks to all.

Never knew Jeff Goldblum lost all his hair and moved into macro economics.

A question for Mr Achutan re India. Do his indicators include a measure of credit/liquidity situation in addition to the typical growth numbers? Asking because, since IL&FS crisis in end-Sept, credit markets are still looking troubled. Please see link; https://www.livemint.com/market/stock-market-news/king-of-indian-bond-sales-warns-of-the-biggest-crisis-since-lehman-1552617976477.html.

I had been wondering when RV would have Lakshman on again. Very timely to listen to his thoughts on the US and global cycles at this juncture. RV has spoilt us with the insights of some amazingly successful investors and informative analysts over the years and for my money Lakshman is right up there with the best in terms of helping understand where the markets might go next. It was interesting to hear his thoughts on India being the one major economy that might buck the slowdown trend, effectively reiterating the long term opportunities in this market espoused by both Raoul and Kiril. I'd love to get some more India specific content in the near future. Thanks again RV for all the invaluable videos.

Outstanding objective analysis!

Question about low inflation? I know you've spoken before about productivity growth in the 90's, but do you think there's any chance we are similarly underestimating productivity growth now? Obviously in the 90's they kept moving the goal posts for NAIRU, but eventually realized that it was productivity. Unit labor costs are continuing to rise, but without prices rising. Are profit margins declines making up for that difference? Also as a student of NBER's Geoffrey Moore, do you think identifying and dating previous business cycles helps or hurts the forecasting of future cycles? I'm reading his as well as Zarnowitz's books and they seem more identifying based than predicting. Is that the skill it takes to predict? Is that skill transferable to accurate predicting? Probably a silly question, but thought I'd ask. Thanks for the video, it was fantastic as always! Brilliant work you do.

Lakshman is a great communicator. I wonder if he gives any consideration to complexity theory. I've always felt that recessions are in part caused by the feedback loop of, declining spending thereby declining incomes, and then declines in spending again.

Great stuff. Would love more quantification on positive shock optionality, such as having a good trade deal, but great stuff

Terrific. Four recessions in Japan since GFC in US, that sir could be very informative for the US in the years ahead. Thanks RV for the guest

The pain of being long in the weak US Dollar is just getting worse! DXY is almost 900 pips below its last high 26 months ago, and USD is being crushed by some EM currencies and others - now near multi-year highs against USD. Even the troubled Euro is trading at the levels it was back in October. And of course the precious metals are in breakout. In a nutshell, the false narrative of a "strong dollar" has been revealed as naked, as the tide has gone out exposing the dollar as a genuinely weak currency headed lower.

discounting central banks is useless;

Nailed it

Frameworks! That's a thing I've long appreciated about RV is providing frameworks that support the views given, not just the views. This is excellent. Lakshman has come under heat for sticking to his models, but this does a great job at showing how he views when economies are more sensitive to a shock that can lead to opportunities for investors, and when investors should favor cycle- or trend-continuation.

Certainly makes the case for lower long term yields

Excellent contribution from Lakshman. Would love to see more of such in-depth economic discussions at RealVision. Not that there aren't any, but recently it has been tilted a bit too much towards short-term trading calls in my view.

Excellent content. Love the psychedelic purple power look. Thanks RV

Great interview. When will someone quantify Facebook, Instagram , Netflix effect on productivity. My guess it is substantial.