It is unnecessary and
not good to estimate for more than three months because it lowers long run
expectations which have a significant effect on
investment/un/employment/price-level/demand/supply/growth... The RBI estimates
have been falling short and are less certain beyond a quarter... Economy might
turn in a month if not a day in terms of spending on debt...
Any spending whether by
people, private sector and by the government which increases productivity,
competitiveness and demand and supply and growth through investment and
employment is quite welcome...
Prices would increase
with demand till all the supply is consumed and the market clears and there are
no more bit-coins to offer... More investment at dips would increase returns...
True expectations and
not estimates are important... If the common man is aware or conscious of it
duties as an economic man with growth in real income he has every reason to be
hopeful and would also rationalize expectations, spending too...
Excessive higher cost
and prices and expectations which reduce demand and supply and expectations
would also lower growth and expectations leading to low savings and investment
and employment and expectations through multiplier, and again growth/expectations...
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