The Market is being Forced to be the Regulator
And that is good. It looks to me that Long-term interest rates turned up on October 21st. What other response to budding speculation can really occur. Washington, both the administrative and congressional side is making a lot of noise about executive compensation, but that is just the canary in the gold mine. The big issues are being ignored in the too big to fail debate and the speculative environment continues, just a little subdued compared to 2007. Something has to bring things to task, and in my opinion, it will be interest rates.