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HUMANITY DOOMSDAY CLOCK - Moves forward to 2125 due to election of US President trump.

Estimate of the time that Humanity will go extinct or civilization will collapse. The HUMANITY DOOMSDAY CLOCK moves forward to 2125 due to US President trump's abandonment of climate change goals. Apologies to Bulletin of the Atomic Scientists for using the name.

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Saturday, June 30, 2012

CFTC Proposed Rules - Offshore Trading In Derivatives

Barry, My Liege :

The CFTC has proposed some rules to regulate derivatives in offshore trading.

The rules [seen here : http://in.reuters.com/article/2012/06/30/cftc-cross-border-idINL2E8HTFR620120630] make some sense.

My Liege, here is the question : Do we have the ability to place and enforce sensible rules, or will the bank lobbyists succeed in watering them down ?

It is a big question.

Your faithful servant,

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