Typical Teutonic approach

News. May 19 (Bloomberg) -- Credit-default swaps rose as German Chancellor Angela Merkel’s curb on using the contracts to speculate on European sovereign debt sparked concern among investors about increasing government regulation.

My view. It is disruptive. That you agree or not the Germans went to the core of the problem in spite of what Mr. Greenspan thinks (years ago he testified in Congress that derivatives were not disruptive).

Now we have to wait for the response of the markets, keeping in mind that the markets always win.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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