As regulations further choke the US Stock Exchanges....simply by the incestual job transfer relationships between the SEC, Congress, and the larger US Corporations......The New Stock Exchanges will move offshore and basically tell this incestual cesspool to FO.....
Exchanges are nothing but redundant computer banks....electronic exchanges win hands down because of efficiency.....and the gradual transfer to another jurisdiction will happen sooner rather than later because of legal largesse itself....
http://www.forbes.com/afxnewslimited/feeds/afx/2008/06/24/afx5146142.html
It is actually good for the world.....because money itself becomes more efficient.....in that stocks are non interest non obligatory loans.....and will spur growth in the developing world faster....
Also the cost of a legal transfer should be next to nothing by electronic means ....and will induce further competition....A name transfer cost should cost nothing.....This further greases the wheels of liquidity.....
Also the transfer of wealth to oil producing countries has been such that they have the capital to capitalize full fledged exchanges from the raising of capital to the finished internationally public company.....
Watch it happen....it is happening as we speak....
Maybe the US SEC Big Corporate WINK WINK/Broadcast Media included system will finally be taught a lesson in legal largesse bullshit.....Maybe the US FRATERNAL COUNTRYCLUB CEO SYSTEM WILL DISAPPEAR ALONG WITH IT.....
Exchanges are nothing but redundant computer banks....electronic exchanges win hands down because of efficiency.....and the gradual transfer to another jurisdiction will happen sooner rather than later because of legal largesse itself....
http://www.forbes.com/afxnewslimited/feeds/afx/2008/06/24/afx5146142.html
It is actually good for the world.....because money itself becomes more efficient.....in that stocks are non interest non obligatory loans.....and will spur growth in the developing world faster....
Also the cost of a legal transfer should be next to nothing by electronic means ....and will induce further competition....A name transfer cost should cost nothing.....This further greases the wheels of liquidity.....
Also the transfer of wealth to oil producing countries has been such that they have the capital to capitalize full fledged exchanges from the raising of capital to the finished internationally public company.....
Watch it happen....it is happening as we speak....
Maybe the US SEC Big Corporate WINK WINK/Broadcast Media included system will finally be taught a lesson in legal largesse bullshit.....Maybe the US FRATERNAL COUNTRYCLUB CEO SYSTEM WILL DISAPPEAR ALONG WITH IT.....
