कोई नहीं जानता कि बाजार का रुख क्या होगा, लेकिन यह बिल्कुल तय लग रहा है कि आगे चलकर बाजार में उतार-चढ़ाव बहुत ज्यादा बढ़ने वाला है।
Nobody really knows what the market is going to do, but it sure looks like we are going to have a lot more volatility.
Nobody really knows what the market is going to do, but it sure looks like we are going to have a lot more volatility.
मुझे लगता है कि फेडरल रिजर्व (Fed) को इस बात का डर है कि अगर डोनाल्ड ट्रंप बड़े पैमाने पर टैक्स में कटौती और सरकारी खर्चों में भारी बढ़ोतरी लागू करते हैं — और वह भी तब जब अर्थव्यवस्था में लगभग पूर्ण रोजगार की स्थिति है — तो उन्हें ब्याज दरों में और तेजी से बढ़ोतरी करनी पड़ेगी।
I think what the Fed fears is that, if Donald Trump gets big tax cuts and big spending increases that take effect right now, when the economy is close to full employment, they will have to raise rates more rapidly.
I think what the Fed fears is that, if Donald Trump gets big tax cuts and big spending increases that take effect right now, when the economy is close to full employment, they will have to raise rates more rapidly.
अगर सरकार अर्थव्यवस्था को फिर से पटरी पर नहीं ला पा रही है, तो उनके सामने कई बुनियादी समस्याएं हैं।
If the government can't get the economy moving again, they have a lot of fundamental problems.
If the government can't get the economy moving again, they have a lot of fundamental problems.
मुझे लगता है कि अर्थशास्त्र को समझना कठिन है। मनोविज्ञान को समझना ज्यादा आसान है। यह एक तरह की घबराहट है या इस बात का अहसास है कि वैश्विक अर्थव्यवस्था उतनी अच्छी हालत में नहीं है जितना हम सोच रहे थे, और इसलिए हर कोई एक-दूसरे के पीछे भाग रहा है।
I think it's hard to understand in economics. It's easier to understand on psychology.It's a kind of panic or a sense that the world economy is just not in as good shape as we thought and so everybody is chasing everybody else.
I think it's hard to understand in economics. It's easier to understand on psychology.It's a kind of panic or a sense that the world economy is just not in as good shape as we thought and so everybody is chasing everybody else.
अगर आप अपनी मुद्रा की चाल को नियंत्रित कर सकते हैं, तो इसके गिरने की एकमात्र वजह यही हो सकती है कि आप अपने निर्यात को बढ़ाना चाहते हैं।
The only reason you would want your currency to fall, if you could control it, is in order to get more exports.
The only reason you would want your currency to fall, if you could control it, is in order to get more exports.
मुझे लगता है कि बाज़ार चलाने के मामले में चीनी लोग अभी पूरी तरह कच्चे हैं।
I think the Chinese are really amateurs when it comes to running markets.
I think the Chinese are really amateurs when it comes to running markets.
शेयर बाजार ने राहत की सांस ली क्योंकि फेडरल रिजर्व के तेवर सख्त नहीं थे, और बाजार को ऐसा लगता है कि डोनाल्ड ट्रंप की जो बातें उन्हें पसंद हैं वे सच होंगी, और ट्रंप को लेकर उनके मन में जो डर हैं वे गलत साबित होंगे।
The stock market was relieved that the Fed didn't sound tougher, and the stock market seems to figure that everything they like about Donald Trump will come true, and everything they're afraid of about Donald Trump will not come true.
The stock market was relieved that the Fed didn't sound tougher, and the stock market seems to figure that everything they like about Donald Trump will come true, and everything they're afraid of about Donald Trump will not come true.
मुझे लगता है कि इसे इस बात के संकेत के रूप में देखा गया कि चीनी नेतृत्व शायद अपनी अर्थव्यवस्था को लेकर सचमुच डरा हुआ है। अगर आप एक ऐसा देश हैं जिसकी घोषित नीति यह है कि आपको निर्यात पर कम और उपभोक्ता खर्च तथा घरेलू खर्च पर ज़्यादा निर्भर रहना चाहिए, तो भला आप निर्यात पर अपनी निर्भरता क्यों बढ़ाना चाहेंगे?
I think it was seen as a symptom that the Chinese leadership may be really scared about their economy.Why would you want to depend more on exports if you're a country that has a stated policy of relying less on exports and more on consumer spending, domestic spending?
I think it was seen as a symptom that the Chinese leadership may be really scared about their economy.Why would you want to depend more on exports if you're a country that has a stated policy of relying less on exports and more on consumer spending, domestic spending?
मुझे लगता है कि यहाँ मुख्य बात यह है कि लोग यह सोच रहे हैं—अरेरे, चीनी अर्थव्यवस्था शायद हमारी उम्मीद से ज़्यादा धीमी हो रही है और सरकार के लिए इसे दोबारा पटरी पर लाना मुश्किल हो रहा है।
I think the one thing that's going on here is that people are saying, uh-oh, the Chinese economy might be slowing more than we thought and the government is having a hard time stimulating it again.
I think the one thing that's going on here is that people are saying, uh-oh, the Chinese economy might be slowing more than we thought and the government is having a hard time stimulating it again.
मुझे लगता है कि यह अहसास कि शायद चीन की अर्थव्यवस्था धीमी पड़ रही है, इसका मतलब यह होगा कि वह अफ्रीका और लैटिन अमेरिका से खरीदारी कम करेगा। इसका मतलब है कि प्रॉक्टर एंड गैंबल और कोका-कोला लैटिन अमेरिका और अफ्रीका में कम सामान बेच पाएंगे। इसलिए यह सब आपस में पूरी तरह जुड़ा हुआ है।
I think that the feel that maybe China is slowing down means it will be buying less from Africa and Latin America. That means Procter & Gamble and Coca-Cola will sell less in Latin America and Africa. And so it is definitely related.
I think that the feel that maybe China is slowing down means it will be buying less from Africa and Latin America. That means Procter & Gamble and Coca-Cola will sell less in Latin America and Africa. And so it is definitely related.
एक चिंता यह भी है कि तेल की मांग में कमी आ रही है। जब जिंसों (कमोडिटी) के दाम गिरते हैं, तो यह खरीदार के लिए तो अच्छा होता है, लेकिन कभी-कभी इसे कमज़ोर होती अर्थव्यवस्था के लक्षण के रूप में देखा जाता है।
There is also a concern that there is a lack of demand of oil. And so when commodity prices fall, it's good if you happen to be a consumer, but it's sometimes seen as symptom of a weakening economy.
There is also a concern that there is a lack of demand of oil. And so when commodity prices fall, it's good if you happen to be a consumer, but it's sometimes seen as symptom of a weakening economy.
मुझे लगता है कि तेल की कीमतें दो वजहों से नीचे हैं। एक तो यह कि बाज़ार में तेल की भारी आपूर्ति है। आपूर्ति बहुत ज़्यादा इसलिए है क्योंकि अमेरिका अब खुद भारी मात्रा में तेल का उत्पादन कर रहा है, और दूसरी तरफ सऊदी अरब भी शायद ईरान और रूस को सबक सिखाने के लिए बड़े पैमाने पर तेल का उत्पादन कर रहा है।
I think oil prices are down for two reasons. One is, there is a lot of supply. There is a lot of supply because the U.S. now produces a lot of oil and there is a lot of supply because the Saudis seem to want to produce a lot of oil, maybe to punish the Iranians and the Russians.
I think oil prices are down for two reasons. One is, there is a lot of supply. There is a lot of supply because the U.S. now produces a lot of oil and there is a lot of supply because the Saudis seem to want to produce a lot of oil, maybe to punish the Iranians and the Russians.
चीन का शेयर बाज़ार बहुत बड़ा नहीं है। फिर भी जब चीन के शेयर बाज़ार में कोई बुरा दिन आता है, तो ऐसा लगता है कि यूरोप का दिन भी खराब हो जाता है और फिर हमारा बाज़ार भी लुढ़क जाता है।
China's stock market is not very big. And yet when stock market has a bad day in China, it seems, Europe has a bad day and then we have a bad day.
China's stock market is not very big. And yet when stock market has a bad day in China, it seems, Europe has a bad day and then we have a bad day.
लोगों ने चीन सरकार की विकास को गति देने की क्षमता पर बहुत भरोसा किया है। लोगों के मन में एक भ्रम है—जो मुझे लगता है—कि चीन में छह ऐसे लोग हैं जो हर एक बटन को पूरी तरह नियंत्रित करते हैं। लेकिन हम जो देख रहे हैं, वह यह है कि यह एक बहुत बड़ी अर्थव्यवस्था है और वे इसे संभालने में उतने माहिर नहीं हैं।
People have put a lot of faith in the government's ability to get growth going in China. People have this, what I think, illusion that there are six people in China who really have their hand on every button. And what we're learning is, it's a very big economy and they're not that good at it.
People have put a lot of faith in the government's ability to get growth going in China. People have this, what I think, illusion that there are six people in China who really have their hand on every button. And what we're learning is, it's a very big economy and they're not that good at it.
हो सकता है कि अमेरिकी शेयर बाजार में फिर से तेजी आनी शुरू हो जाए अगर लोगों को लगे कि गिरावट बहुत हो चुकी है।
It may be that the U.S. stock market starts to rise if people think it's gone far enough.
It may be that the U.S. stock market starts to rise if people think it's gone far enough.
एक समय के बाद, लोग यह तय कर सकते हैं कि अमेरिकी शेयर बाजार में काफी गिरावट आ चुकी है। आख़िरकार, अमेरिकी अर्थव्यवस्था में सुधार होता दिख रहा है, और चीन में जो हो रहा है उसका यहाँ कारों की बिक्री, ऐपल के फोन खरीदने वाले लोगों की संख्या या वॉल-मार्ट में खरीदारी करने वालों पर कोई बहुत बुरा असर नहीं पड़ने वाला है।
At some point, people may decide that the U.S. stock market has fallen enough. After all, the U.S. economy seems to be getting better, that what happens in China is not going to have that devastating effect on car sales here or how many people buy Apple phones or what happens at - how many people shop at Wal-Mart.
At some point, people may decide that the U.S. stock market has fallen enough. After all, the U.S. economy seems to be getting better, that what happens in China is not going to have that devastating effect on car sales here or how many people buy Apple phones or what happens at - how many people shop at Wal-Mart.
सच्चाई यह है कि लोगों को पूरा भरोसा था कि चीनी नेतृत्व अपनी अर्थव्यवस्था की कमियों को सुधार लेगा ताकि दुनिया भर में उसके बुरे नतीजे न दिखें। मुझे लगता है कि जिस तरह से उन्हें अपने शेयर बाज़ार और अपनी मुद्रा को संभालने में मशक्कत करनी पड़ रही है, उससे उनका यह भरोसा डगमगा रहा है।
There is the fact that - people have had a lot of confidence that the Chinese leadership could fix what is wrong with their economy so it wouldn't have ripple effects around the world. I think that confidence is being shaken by how difficult it is for them to manage their stock market and their currency.
There is the fact that - people have had a lot of confidence that the Chinese leadership could fix what is wrong with their economy so it wouldn't have ripple effects around the world. I think that confidence is being shaken by how difficult it is for them to manage their stock market and their currency.
चीनी लोग बाज़ारों में ज़्यादा भरोसा नहीं रखते। उन्हें स्थिरता पसंद है, उन्हें नियंत्रण पसंद है।
Chinese don't really believe in markets. They like stability, they like control.
Chinese don't really believe in markets. They like stability, they like control.
यदि आपके पास अपने काम को समझाने के लिए कोई तय सिद्धांत ही नहीं है, तो फिर कोई कैसे जान पाएगा कि आप अगला कदम क्या उठाने वाले हैं?
If you don't have a set of principles that you can explain for what you are doing, then how can anybody know what you're going to do next?
If you don't have a set of principles that you can explain for what you are doing, then how can anybody know what you're going to do next?