Thursday, June 10, 2010

Quick Edit

From being a person addicted to reading Economic Times, to a person who has stopped reading it... it has been a journey of almost 15 years.  Now Mint occupies that prime space.  Ofcourse, good old Business Line continues to be an important reference source.

While the articles in Mint are definitely well researched and readable, the quick edits are very good too.


On June 7, 2010, Mint carried this quick edit titled "A case of indigestion"
With their palates troubled, investors can no more digest the public sector risk they were so willing to take on a year ago.
Global markets don’t like the fact that they have been forced to digest item after item of bad news. At the end of last week, they had to contend with tepid US job figures and the realization that Hungary’s sovereign default, as a government official admitted on Friday, was a real possibility.
With their palates troubled, investors can no more digest the public sector risk they were so willing to take on a year ago. And policymakers are finally starting to diagnose what the problem could be: their own policies.
At the Group of 20 (G-20) summit in April 2009, policymakers were exuberant about using “an unprecedented and concerted fiscal expansion” to combat the Great Recession. This exuberance officially came to an end on Saturday in South Korea, when G-20 finance ministers decided to drop support for fiscal stimulus.
As this newspaper has argued before, too much fiscal stimulus can be bad for health. India’s leaders should digest the idea too.
I have found Mint's quick edits concise and thought provoking.