This time, as capital flows to the region slow or reverse, its flexible currencies will take some of the strain: Brazil's real has already edged downwards by 9% or so since the end of March.

ECONOMIST: The Fund's golden Rato

Knowing how to work with flows of information in near real-time emerged as a key theme at the Dachis Social Business Summit held in Austin, Texas, on March 10th.

FORBES: Working In The Flow Challenges Our Collaborative and Leadership Skills

As I explained in a book I co-authored some time ago, in an environment like this bankers have grown up as abacus bankers, record keepers of money flows who derive income from seigniorage, from the passive creation of money through interest bearing-loans and government-backed securities rather than from true banking, and from active risk management.

FORBES: Why Do Bankers Make So Many Stupid Mistakes?