[This post was written in response to the email that is being generated by the Waterloo TEDx video, Why You Will Fail to Have a Great Career.] Since pursuing your passion is a necessary, but not sufficient condition, for a great career, it becomes logically essential to find your passion as a starting point. Nevertheless,

There has been no post on the macro-economy in more than a year for the simple reason that there has been little upon which to comment. As we have long argued, growth in the developed world is going to be slow at best. And so it has proved to be true. The outlook for the