Financial Reform
To quote Jamie Dimon of JP Morgan Chase before Congress on June 13, 2012, "I believe in strong regulation, not necessarily more regulation". He also said continuing to add regulation on top of bad, ineffective regulation would just make it more complex and costly and less effective. That is the common sense approach, with out political maneuvering. People are concerned when they hear that Congress invites industry experts in to discuss development of laws and regulations for fear of watering down the law/regulation. So, that means they would rather have politicians in Congress who DO NOT understand the industry, develop a new law/regulation on their own? That hurts the industry, the economy and the employees and clients of the industry in question. If Congress is the "executive" representing the people of the US, they should use industry experts and make strong and proper executive decisions that create effective laws with positive results for the country.

Currency Wars?

3/2/15
by Alice Park,
from Bloomberg Businessweek,
2/26/15:

Central Banks play currency roulette.

Of the 53 central banks tracked by Bloomberg, 19 have dropped their benchmark interest rates in the past three months. Low rates encourage consumers to borrow and spend, increasing domestic consumption. They also devalue currencies, making exports cheaper. That’s good for the countries selling but hard on countries flooded with cheap products.

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