Asia Bi-Weekly: Controlling Your Fate (May 4-16)
Long ago and far away, a deeply cynical editor once told me that there was a simple trick to writing financial trend stories: If you wait three years, he said, you can recycle each one of your stories, because markets will have forgotten that you ever wrote them. (Whether this three-year period directly correlates to the short-term memory of financial markets, I have yet to discover.) Sadly, the deeply cynical editor may have been, if not wholly, at least partly right. Taking direct lending as an example, over the roughly 10 years since I first wrote about the growth of...
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