Market
Dear Reader, The macro scene this week has been so contaminated by the unsightly shenanigans around the US debt ceiling, a farce that US politicians never seem to tire of, that it’s far better to look instead at the micro. As this FT story by Martin Wolf, free to read for MC Pro subscribers, says clearly, it’s a theatre of the absurd. Luckily, there’s no dearth of micro stories, with the corporate results season in full flow. And what micro story mirrors India’s macros...