G-7 Officials Recommend Vigilance on Hedge Funds

Of course they do!

Given the strong growth of the hedge fund industry and the instruments they trade, we [governments] need to be vigilant.

I love how these jet-setting socialists worry more about economic growth than Islamic terrorism. What exactly do they fear from hedge funds? Hedge funds make markets more efficient and rational. In the United States, we don't need market regulations like price caps and trading halts because our sell-side traders are able to detect and profit from irrational market changes. Asian and European markets are far less efficient because of their costs and regulation. But it's the hedge funds that we should fear.

Some other G7 concerns:

• Dwindline energy supplies
• Not in China where they're building thousands of coal power plants.
• Also, get used to dwindling energy supplies: the greens won't let us build nuclear power plants or burn fossil fuels, aka the substances that have saved more lives than any other in human experience.
• Foreign exchange fluctuations
• These just expose the failure of statist economic policies. Time to have a fixed FX rate and maybe some tariffs or a wall too.

Just another anti-globalism globalist club.