In the Land of the Blind

"in the land of the blind, the one-eyed man is king"

That leaves the U.S., warts and all. Anyone responsible for $100 billion needs transparency, predictability and good intelligence to manage risk and return. For all its many problems, the U.S. offers relatively plentiful transparency, predictability and market data. Its equity, bond and currency markets are so vast that you can move $100 billion in and out with relative ease.