Noah has his say on the outcome of the position limits battle – and in particular the behaviour of Mr . Gensler. It seems pretty clear that position limits have to be justified as “necessary” rather than imposed because GG feels he ought to.
Noah also suggests that the rules from the CFTC and SEC should be put on hold for another 18 months until they reach a better quality level. That would also give us Europeans time to coordinate and catch up.