Whether it is currency controls, emigration restrictions, or global taxation, when the state begins to restrict getting out, it is time to drop everything and get out. American companies are being coerced into accepting the uneconomic decision of staying based in the US.

In early 2003, Mikhail Khodorkovsky confronted Vladimir Putin over Russia's state corruption.

There are attractive opportunities in the universe of merger arbitrage spreads. Especially a number of deals that have had major scares over the past months. Such scares can lead to spreads that remain much wider than they previously.