Any stance is always interim. No government can continue with a stance for more than a stipulated period. Periods of “accommodative stances” foster growth and inflation. To extenuate the later “Calibrated tightening” is adopted. Eventually, growth in the economy gets hit, unemployment and deflation get upped. Again, the stance gets changed to “accommodative”.
Have you come across “annualised yield” in FD (Fixed deposit) advertisements? A granular search for the term would make you find it, at the bottom of the notice, printed in miniature font. Lets’ ponder on what is deceiving with the term’s usage in advertisements. Annualised Yield draws its foundation from the concept of compounding. So,Continue reading “Deceptive prominence of annualised yield”