TODAY'S ECONOMICS once again proved correct
Esteemed readers will recollect that earlier TODAY'S ECONOMICS had in its editorial (Dated 9th Feb-2023) flagged the rather suspicious role of the short seller, Hindenburg, when it had attacked Adanis, with considerable malevolence. Today's Economics had pointed out how some motivated western forces were gunning after Indian Business Houses. Hindenburg expectedly did what most short sellers do, attack successful businesses; adversely impacting the market and make a killing out of buying shares at lowered costs and selling when the rates go up.
What was most surprising was that many well known economists in India & Abroad even market operators believed in Hindenburg and chose to side against an Indian Business House.
Well, one needs to appreciate that the economy of a nation is also linked to a nation's patriotism and spirit. Hats off to Adanis for meeting the challenge head on and making a comeback in the market. The Hindenburg saga is an eye opener for Indians and some of its short sighted economists. The US Government while allowing Hindenburg to reside in US reportedly never allowed it to operate there and now is threatening to investigate it's closure.
TODAY'S ECONOMICS once again stayed close to the truth as against many big media houses who got it wrong. Well, one will always get an evil smell if one is bent on chasing stinks.
By Sidhartha Mukherjee, Opinion expressed are personal.
Did humpty dumpty really have a great fall ?
https://www.todayseconomics.page/2023/02/did-humpty-dumpty-really-have-great-fall.html
dated 9th Feb-2023 of TODAY'S ECONOMICS on Hindenburg
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