After US' retail inflation hit a 40-year high, billionaire banker Uday Kotak said, "7.5% inflation and 0% interest rates! You'd think it's an emerging market with poor institutional governance. It's the...USA!" "When US sneezes, world catches a cold. Not this time please, Mr USA," Kotak wrote. "In 2013, India paid the price for its taper tantrum," he added.