February, 2013

  • Europe to Those who Love Big Government

    By Dr. Rainer Zitelmann on 2013/02/18
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    he regulation mania in Europe knows no bounds. At the moment, the investment fund industry has to grapple with 30 new regulatory catalogues, as the BVI Federal Association for Investment and Asset Management revealed the other day. And any internationally active bank needs to heed more than 14,000 new regulatory provisions per year. This is no joke, but the sad reality. Worse yet, there are no improvements to show for the trouble. The only new jobs created this way are those of yet more attorneys and civil servants, if anything.
  • Dare to Speak the Truth

    By Dr. Rainer Zitelmann on 2013/02/11
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    t's been barely five years that the closed-end fund sector placed 12.7 billion euros in equity, and did so almost exclusively among private investors. Last year, private placements were down to approximately 3.1 billion euros, according to the VGF Association of Non-Tradable Closed-End Funds.
  • A 100%“Democracy Tax”

    By Dr. Rainer Zitelmann on 2013/02/04
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    Germany’s political parties – except the Liberals – are trying to outdo each other in their competition for more “social justice.” Merkel, Steinbrück, Trittin and Gysi are racing each other to see who can demonstrate the deepest commitment to “social justice.” The term is getting on my nerves just as much as the buzzwords “sustainability” and, most recently, “sexism.”