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Archive of entries posted on 24th July 2018

What you shouldn’t invest in emerging markets — because they rarely do

It happens like this: The country is a mess. Or, if it isn’t, a politician says it is. He finds a culprit. Only he can solve the mess. He promises benefits. He gets elected, hands out money, and quickly disposes of his opposition. He puts some in jail. He forbids others from running against him […]