"
Any industry would be proud of an average annual growth rate of 34% over ten years and of a global reach from Austria to Taiwan. But the headlong expansion of exchange-traded funds (ETFs), which by May this year controlled almost $1.5 trillion of assets (not far short of the $2 trillion in hedge funds), has become a matter for concern among financial regulators. Could ETFs be the next source of financial scandal, or even of systemic risk?" Characterizing the Financial sector "like a hyperactive child" that "can never leave a good thing be",
The Economist appears to be
wishing for the
ETFs to be
better regulated because "it would be a shame if reckless expansion spoiled a good innovation".
posted by vidur
on Jun 26, 2011 -
28 comments
The Watchful Investor "
Bringing you the underreported, the underappreciated, and the overlooked news from the markets."
Jim Waddell created this frequently updated journal providing economic news and commentary, as well as a newsletter which gives more detailed coverage of specific market events and issues. Accessible and interesting, yet not dumbed down.
posted by knave
on Jul 18, 2005 -
9 comments
DIVE! DIVE!
DIVE!
- Markets in free fall. Remember the heady DotCom bubble days, and innocuous scandals - Clinton
& Monica,
the cigar?! Then, WHAM: 9-11, Enron, Worldcom et. al, the push for invasion of
Iraq,
ballooning deficits, while a new US neocolonial American ideology of preemption suggests more invasions to come - with a worldwide surge in anti-American attitudes.
"Irrational Exuberance"
turned to terror, fear, worry, anger, rage.
What possible train of events and U.S. government
policies could more efficiently send world economic markets into free fall? Hold on: it was a
two decade long ride up - the ride down has merely begun. Those among us with a
few spare billion lying around will wait until the bottom, and buy
on the cheap. For everyone else, it's
bankruptcy,
frugality, middle class
decline, cans 'o beans and darned socks. But cheer up: play, joy, creativity, generosity, indeed love itself - and also the classic
"recreation of the poor" are all
free.
posted by troutfishing
on Mar 7, 2003 -
79 comments