Last evening, met with a friend and his colleagues. We do that once every six months, to exchange notes on financial markets. At the end of it, when we both threw our hands up on financial markets and their manipulation by central banks (most major ones), he then wondered how one could really do financial or portfolio planning in this milieu. I agreed with him and said that these central bankers are doing us one service. They are making us realise that we are powerless and that only Gods could help us. Hence, they are here to teach us the philosophy of surrender and bhakti. Thank you, Bernanke, Draghi, King and Kuroda.
(cross-posted at http://tgs.nationalinterest.in)