"Magazine-Cover-Indicator" Indicator....

The Credit Bubble: Deregulation Gone Wild

When we talk of "regulation", there is only one regulation that really matters that isn't already in place. The only one we critically need that I know of is simply capital requirements, and very broadly. Regulation just universally, and in all instruments, reduce the level of leverage down to tight, safe levels, such as 7 to 1 or less, imo.