Discover and read the best of Twitter Threads about #SavingAccount

Most recents (2)

#BustingMyths #ForexReserves #Modinomics #MUSTREAD

Judging a Country based on its #ForexReserves is like Judging a Persons Networth based on his #SavingAccount balance & not his #LoanAccount balance.

Judge #Modinomics on #NIIP (-ve $390bn)
And Not on FX Reserves (+ve $506bn)
So what is #NIIP or Net International Investment Position. Let me quote @FinMinIndia Economic Survey

NIIP is the difference b/w an Economy’s External financial Assets & Liabilities.

If Economy = Person, NIIP is Assets (Property, Deposits, Investments) less Liabilities (Loans)
As per FY23 Economic Survey released by @FinMinIndia before budget, India's overseas financial ASSETS at US$ 847.5bn but India's International LIABILITIES was higher at US$ 1,237.1Bn

Assets ($847.5) LESS Liabilities ($1237.1Bn) = NEGATIVE $389.6Bn

STOP LOOKING AT FX RESERVES
Read 7 tweets
1/24 Derivatives products in #DEFI include a lot of things. Future yield trading is one of those =>

@pendle_fi allows users to tokenize and sell future yields & just launched their V2.

So what’s new for users?

All you need to know about Pendle Finance in this 🧵👇: Image
2/24 First of all, if you don’t know what is FUTURE YIELD trading, I would like to congratulate the team for making a pretty interesting webpage to explain all of this:

app.pendle.finance/pro/learn

Learn anon!🧑‍🎓
3/24 Pendle Finance launched mid-2021 on #ethereum and also on #Avalanche November 2021

The protocol managed to secure 3.7m$ in a VC fund raising in May 2021

finance.yahoo.com/news/pendle-ra…

That helped the protocol to kick start their product.
Read 26 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!