Thursday, September 5, 2013

In the Beginning there was Raghuram Rajan

Inspired by The Book of Genesis.... and all those breathless headlines from this morning's papers. 

1:1 In the beginning Raghuram Rajan created confidence in the rupee and inclusive growth.
1:2 As the economy was without form, and void; and darkness was upon the face of the deep. And the signature of Rajan moved upon the face of all bank notes.
1:3 And Rajan said, Let there be financial stability: and there was financial stability.
1:4 And Rajan saw the financial stability, that it was good: and Rajan divided the stability from the chaos.
1:5 And Rajan called the stability growth, and the chaos he called recession. And the evening and the morning were the first day.
The end.

You see, God may have needed seven days to work his miracle, Raghuram Rajan - apparently - only needed one.

(And no, I don't have anything against Raghuram Rajan. Quite like him, actually. But the rest of us need to drink a very large mug of "Relax" and give him time). 

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