Freedom Line Blog

Eric Singer, portfolio manager of Congressional Effect Fund, identifies the single biggest problem with government regulators in his op-ed for Investor’s Business Daily:

JPMorgan’s Jamie Dimon recently asked Fed Chairman Ben Bernanke if he considered the cumulative impact of each regulation. Bernanke admitted he had not. The ongoing surprisingly bad unemployment numbers confirm that no one in charge is thinking about the cumulative impact of each tiny strangulation of capital and operating capability.

As Singer correctly concludes, “We need to go back to basics, cut these Lilliputian ropes and unleash the potential giant economy that is still on its back.”

Check out this Fox Business interview with Eric Singer, the founder of Congressional Effect Management, an investment firm that only gets into the stock market when Congress is out of session.  The key to Singer’s strategy is avoiding ‘political risk’ – the damage to wealth creation that Congress causes through taxes and regulation (real or threatened).

Read this CFIF profile of Congressional Effect Management for a more in-depth discussion on Singer’s time-tested, data-driven approach.