There is no doubt that the world’s financial markets play an indispensable role in fueling economic growth and development. There is equally no doubt that large amounts of capital are misallocated and therefore wasted. Part of the misallocation occurs because far too many conflicts of interest and instances of self-dealing continue to be tolerated. That

As you will see from previous posts, there are few surprises. The comments in the post of January 2015 still stand: global growth will be slow, at best. Too many countries have too many problems for a return to the relatively high rates of the past. There is no particular reason to be impressed with