In Samuel Beckett’s famous play, two men meet near a tree, discuss various topics, and reveal to each other that they are waiting for a man named Godot, who never arrives.  Since the Great Recession nearly 14 years ago, bankers and investors have eagerly awaited a return to “normalcy” – the word is in quotes because it’s been so long that it’s tough to say what normal is anymore.  As in Beckett’s play, it’s fair to ask whether “normalcy”, like Godot, will ever arrive.  We’ve waited for a more “normal” interest rate environment, a return to traditional business and market cycles, and less fiscal and monetary intervention in the economy and markets – all of which we hoped would translate to fewer market distortions, which have unfortunately become more commonplace.