15.05.2015 - Sovereign Wealth Funds - Cure or Curse?
What a difference one letter ’s’ makes turning cure into curse. The small addition of one letter is linguistically huge as is asking a simple question of the value of Sovereign Wealth Funds (SWFs), as the implications for the global economy are equally as profound. Many financial market participants and policymakers alike (not to mention, of course, the SWF’s themselves) would consider this question to be nonsensical as their conclusion is beyond doubt; SWFs are overwhelming viewed as a positive. However, given our natural heretical intellectual leanings we instinctively recoil when something becomes so-widely accepted as true and it triggers a desire to question the prevailing wisdom......................................Full Article: Source
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