Over the past 5 years the welcoming policies towards unknown “foreign” buyers into the Indian stock markets has created a fake bull market in the Indian stock exchanges. The P-Notes or participatory notes were even recognised to be fake by the creators of these instruments: they are called “synthetics”.

If all the musicians in Salzburg had become investment managers with investments in India, I don’t see them on the streets of Bombay either!

May is a quiet month. The children are out of school, the heat and dust of the Indian summer swirls around. The discussions begin on where to go for the vacation. For how long? With which group of friends? And how much to spend.

We were hearing some “old” music and my wife turned to me and said, “The music we grew up with stayed longer on the charts because there were not that many new songs. Now, there are so many new songs and so many new bands and singers that “new” music does not stay on the charts for long any more.”