There's just a huge amount of money sloshing around looking for a place to go.

I think what's very disturbing about the present crisis is that there are a number of things going on at the same time, all of which aren't very good. We've got the Japanese yen going to eight-year lows, we've got talk about devaluation in China, we've got Hong Kong coming under attack and we've got a number of other Asian economies just showing incredible signs of weakness.

There are very strong winds of change blowing through the continent of Latin America and they seem to be in somewhat of a left-ward direction.

My expectation is that we will see countries lapsing back to some sort of controls on trade, on capital, which isn't going to be too healthy for the global economy.

The players develop a very strong sense of ownership of the team because they have to put their own money and time into the team, unlike schools where crew is a varsity sport. It also has created a fairly strong alumni base.

What becomes emblematic is that they raise so much money nobody wants to run against them. It becomes cost prohibitive. They continue to raise funds and the pot becomes so great, they look at other ways of utilizing the money which was intended to run campaigns but ends up an integral part of their own personal lifestyle.