Some of the biggest names in commerce have been tarnished by their association with Jeffrey Epstein. And new ones are being added to the list, as lawyers, journalists and social-media addicts pore over his emails. The Epstein affair could not have been better designed to embarrass the grand old men of global capitalism, writes our Schumpeter columnist.

Meanwhile, for years emerging markets have disappointed investors with their lousy returns. Now their stocks are soaring. Capital flowing out of Donald Trump’s America has to flow somewhere—but there is more to it than that.

Can this stellar run continue? Part of the answer depends on what happens next with the dollar. On the latest episode of Insider, my colleagues consider whether investors should still bet on the American economy. You can find the episode on our app or via the Insider hub.