Among my favourite parts of the book is Mr Mehta's early life in London in the swinging sixties as a callow young man, who arrives from India with a few shillings and bags of Indian tea.

BBC: Vinod Mehta memoir a rare and salacious Indian tell-all

On Friday, Barclays economist Julian Callow wrote in a report to clients that borrowing costs are going to continue rising even as the economy slows.

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As a callow bond-trader, fresh out of college, he participated in one of the greatest of them all, in Japan in 1986, when the yield on the ten-year benchmark Japanese government bond fell to 2.5%, the discount rate at the time.

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