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India pace spearhead <keyword id="19899525" type="General" weightage="20" keywordseo="Jasprit-Bumrah" source="keywords">Jasprit Bumrah</keyword> on Monday said he has been "living a dream" for the past few days as he expressed gratitude for the stupendous reception that he and the rest of his teammates got for winning the <keyword id="19921630" type="General" weightage="20" keywordseo="T20-World-Cup" source="keywords">T20 World Cup</keyword> in the Caribbean. The 30-year-old, who picked up 15 wickets in the mega-event that concluded on June 29 in Barbados, was a key figure in India's second overall and first in 17 years world trophy in the shortest format. He was adjudged <keyword id="22230755" type="General" weightage="20" keywordseo="Player-of-the-Tournament" source="keywords">Player of the Tournament</keyword> for his performance. <br /><br /> "I am so thankful for the last few days. I've been living a dream and it has filled me with happiness and gratitude," Bumrah posted on X, along with a video of him enjoying the rapturous homecoming that included a breakfast meet with Prime Minister Narendra Modi and a victory parade attended by lakhs of fans in Mumbai. <br /><br /> The 42-second clip featured the audio of <keyword id="19907934" type="General" weightage="20" keywordseo="Virat-Kohli" source="keywords">Virat Kohli</keyword>'s speech during the felicitation function after the parade last Thursday where the champion batter had lauded Bumrah's contribution. <br /><br /> The fast bowler had combined with all-rounder <keyword id="19906064" type="General" weightage="20" keywordseo="Hardik-Pandya" source="keywords">Hardik Pandya</keyword> to turn it around wonderfully for India in the final. <br /><br /> The two were brought in for their second spell in the match at a time when South Africa needed 30 off 30 balls. They wreaked havoc to ensure that the Proteas eventually fell short by seven runs. <br /><br /> Kohli had called Bumrah a "once in a generation" player during the speech at the <keyword id="19921339" type="General" weightage="20" keywordseo="Wankhede-Stadium" source="keywords" meta.keywordsubtype="org" meta.entityname="Wankhede Stadium" meta.hostid="261" meta.entityid="Wankhede Stadium">Wankhede Stadium</keyword>, prompting the assembled crowd to chant the bowler's name in appreciation <br /><br /> "What I would like everyone to do is to applaud a guy who brought us back into games again, and again, and again. It was phenomenal. He is a once in a generation bowler. I am so glad he plays for us," Kohli, who retired from T20 Internationals at the end of the World Cup, had said. <br /><br /> Bumrah was welcomed with flower petals after arriving at his Ahmedabad home recently.<br /><br /><b>SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/bansal-wire-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/111567787.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/stock-market/news/bansal-wire-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/111567787.cms" target="_blank">Bansal Wire IPO allotment – How to check allotment, IPO GMP, listing date and more</a><a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-ipo-mukesh-ambani-led-telco-might-be-gearing-up-for-indias-biggest-ipo/articleshow/111519009.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-ipo-mukesh-ambani-led-telco-might-be-gearing-up-for-indias-biggest-ipo/articleshow/111519009.cms" target="_blank">Reliance Jio IPO – Mukesh Ambani-led telco might be gearing up for India’s biggest IPO</a><a href="https://www.businessinsider.in/business/telecom/news/jio-vs-airtel-vs-vi-prepaid-plans-comparison-plan-benefits-and-price-comparison-after-tariff-hike/articleshow/111512587.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/business/telecom/news/jio-vs-airtel-vs-vi-prepaid-plans-comparison-plan-benefits-and-price-comparison-after-tariff-hike/articleshow/111512587.cms" target="_blank">Jio vs Airtel vs Vi recharge plans comparison – plan benefits and price comparison after tariff hike</a></b><br />

Have been living a dream past few days, filled with gratitude: Bumrah

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Reuters</span></p><p class="caption">Chinese artist Zhou Jie takes a nap on an unfinished iron wire bed, one of her sculpture works, after lunch at Beijing Now Art Gallery, in Beijing August 11, 2014.</p></div><p></p></div></div>The hottest word in finance right now is "stabilizing," and the hottest trend is complacency.</p><p>Commodities prices aren't rallying back to levels that seemed normal this time last year - they're stabilizing.</p><p>China's isn't showing signs that painful reforms are raising its long-run growth prospects - it's stabilizing, enjoying a calm before those reforms have even started to make an impact.</p><p>Emerging market economies aren't showing signs of major growth - they're stabilizing. (That's been good enough for global investors to start pumping money back into them.)</p><p>Things are stabilizing, not because things are getting better, but simply because they haven't gotten worse yet. T<span>he long-range problems facing the global economy remain real: Brazil's economy is uncompetitive, nobody wants to buy China's steel (or anyone else's commodities for that matter), and the U.S. faces growth challenges.</span></p><p><span>We haven't found a bottom, just a sickly new normal as the world waits for some meaningful change, likely for the worse.</span></p><p><span>We're in the calm before the global storm, and everyone is pretty blase about it.</span></p><h2>A trip around the world</h2><p>The International Monetary Fund has cut its <a href="http://www.bloomberg.com/news/articles/2016-04-12/imf-warns-of-global-stagnation-as-it-cuts-growth-outlook-again">global growth expectations for 2016</a>, down from 3.4% to 3.2%, and looking around the world it isn't hard to see why.</p><p>As you read this it's likely that the president of the 7th largest economy, Brazil, is contemplating how long she has left in office before her impeachment. Dilma's Rousseff's vice president is already drafting his inauguration speech - something about unity.</p><p>The market has loved this from the beginning. Brazilian stocks have rallied through the year, trading on hopes that a more centrist party will have what it takes to bring Brazil back to good.</p><p>But Brazil's problems - double digit inflation, mounting debt, structural policy issues, declining economic activity - are not things that are fixed by a simple party change. A new government may not have much time before the market realizes that.</p><p>Elsewhere in Latin America, Venezuela flirts with economic ruin. Analysts think the government may not be able to pay an October debt payment for state oil company PDVSA. It already had a debt payment scare before. In the meantime, Venezuelans deal with triple digit inflation, shortages of foods and other every day goods, <a href="http://www.businessinsider.com/caracas-in-danger-of-losing-power-2016-3">and an energy shortage</a> that has prompted the government to tell Venezuelans to take Fridays off to conserve.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Reuters</span></p><p class="caption">Caracas, Venezuela.</p></div><p></p></div></div></p><h2>The hard stuff</h2><p>Both Brazil and Venezuela - along with other emerging economies like Nigeria and South Africa - depend on high prices for commodities like oil.</p><p>While commodities prices haven't continued their race down, they aren't showing signs of surging back up to prior levels either. Steel is a perfect example of this. Check out what UBS said about stabilizing steel prices in a recent note:</p><p style="padding-left: 30px;">Steel prices are on the rise, buoyed by supply restraint, stimulus from globally loose monetary policies, a weaker USD and its effect on commodity prices, and the northern hemisphere's seasonal demand uplift. Steel equities have rebounded as global steel producer margins have lifted from what may have been a bottom. However, once the bullwhip of higher pricing and restocking has moved through the market, we believe global production will remain in surplus, resulting in a lack of sustained pricing power</p><p>This is happening to commodities across the board. Demand is weak, and the whole world just has to adjust. </p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Macquarie</span></p></div><p></p></div></div></p><p>Moving in a similar vein, the world's investors are sending their money back into emerging markets and cash flows -once in decline - are stabilizing, "<span>albeit at very depressed levels," as HSBC wrote in a recent note. Another adjustment we'll have to make.</span></p><h2>The two giants</h2><p>In the United States, as <a href="http://www.businessinsider.com/us-economy-facing-impossible-trinity-2016-4">Business Insider's Myles Udland discussed</a>, we face a conundrum - an "impossible trinity." </p><p style="padding-left: 30px;">In a new note out Tuesday, Rineesh Bansal, an analyst at Deutsche Bank, writes that right now the US economy is striving to achieve three outcomes: higher wages, more inflation, and higher profits. </p><p style="padding-left: 30px;">The problem is that it can only pick two.</p><p>It looks like the economy is trending toward leaving profits behind. A word from Factset on our upcoming first quarter earnings season:</p><p style="padding-left: 30px;">For Q1 2016, the estimated earnings decline is -9.1%. If the index reports a decline in earnings for Q1, it will mark the first time the index has seen four consecutive quarters of year-over-year declines in earnings since Q4 2008 through Q3 2009.</p><p>Despite this, stocks have rallied from their death drop earlier this year and (you guessed it) stabilized.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Yahoo Finance</span></p><p class="caption">The S&amp;P 500 year to date... remember how fun January was?</p></div><p></p></div></div></p><p>China, the source of much consternation earlier this year, has also shown signs of stabilizing, but that's only because it's just beginning the work of reforming its economy. Over the next five years the government has said that millions of Chinese people will be put out of work as unproductive industries like coal and steel, make way for a growing service economy fueled by domestic consumption.</p><p>To do that, massive companies with ton of debt will have to be restructured, and their overcapacity will have to be dealt with. Goods that it seems no one wants will have to be sold. Many jobs will be lost. Even if the restructuring enables future growth, it will cause a lot of pain in the meantime.</p><p>And it's just starting, because restructuring hasn't started in earnest yet. Indebted companies are still seeing incredible demand for their bonds. <span>Corporate-bond issuance increased 21% from 2014 to 2015, and by the end of last year their total stock made up 21.6% of GDP, as opposed 18.4% the year before, according to Societe Generale.</span></p><p><span>The yield gap between top graded and junk bonds has plummeted - meaning investors aren't showing fear of those looming debt restructurings.</span></p><p><span><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>--</span></p><p class="caption">YOLO</p></div><p></p></div></div></span></p><p><span>Investors aren't discriminating anymore, they're being complacent. Nothing is attractive, but nothing is particularly ugly. It's unclear how long we can go on this way. </span></p><p><span>China will eventually have to go through some painful changes, as will Brazil. Countries that depend on commodities as exports will soon see what happens as coffers dry up. U.S. stocks will eventually trade with earnings, and policymakers have few tools left to keep money flowing easily around the world.</span></p><p><span>So again, perhaps for now complacency is all we have.</span></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/game-of-thrones-economics-westeros-iron-throne-lannisters-2016-4">This hidden subplot of 'Game of Thrones' spells out the real trouble for the Lannisters</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="tvNncydDrkw0Adz4yS0Vsg8DPK1cte-i" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

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Have been living a dream past few days, filled with gratitude: Bumrah

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The hottest trend in global finance is super depressing

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