The Regulatory Explosion has gone into hyperdrive. If the US Regulatory System was a country it would be the 10th largest economy. Regulatory democracy has changed the relationship between the people and the government. Regulations have the effect of law but are not passed by legislative bodies and there's no accountability. Obamacare is typical of the regulatory state where we only find out what's in until after it's been passed. What's the solution? Perhaps it's as Charles Murray suggests, we need the people to rise up get very wealthy underwrite civil disobedience. 

Direct download: Frank_Vernuccio_22.Jun.15.mp3
Category:general -- posted at: 12:46pm EDT
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Mark O'Byne executive director sees the warning by Ian Spreadbury ( A Fidelity Bond Fundd manager who oversees £4 billion of clients’ money ) as a tuning point.

Spreadbury told Telegraph Money “Systemic risk is in the system and as an investor you have to be aware of that.”

He believes that the record debt that has been ballooning since the crisis of ’08 due to interest rates being forced down to near zero by central banks. This debt, particularly where mortgages are concerned, would likely become unsustainable if, and when, rates rise to realistic levels.

“We have rock-bottom rates and QE is still going on – this is all experimental policy and means we are in uncharted territory.” 

For now though around the globe complacency rules!

Direct download: Mark_OByrne_22.Jun.15.mp3
Category:general -- posted at: 11:52am EDT
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