Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Photo Monish Shah, who was recently hired by the Japanese bank Mizuho, is as much a writer of code as he is a trader. Credit Cole Wilson for The New York Times HOLLYWOOD, Fla. — The mood in the markets may be getting grimmer, but in the booming world of exchange-traded funds, people just want…
The only part of David Cameron’s EU renegotiation likely to attract public interest is his plan to limit in-work benefits for migrants. No.10 adopted the policy after focus groups found that it had more “cut-through” than a limit on numbers. Reports at the weekend suggested that Jeremy Corbyn, who is in Brussels for a meeting of the Party…
START “MORE FROM NEXT ECONOMY” Custom END “MORE FROM NEXT ECONOMY” Custom Many economists and technologists believe the world is on the brink of a new industrial revolution, in which advances in the field of artificial intelligence will obsolete human labor at an unforgiving pace. Two Oxford researchers recently analyzed the skills required for more…
For Bitcoin evangelists, every economic disaster is also an opportunity to, well, promote Bitcoin. From Greece to South Africa, Bitcoin has been vaunted as a technology with world-saving power, either by replacing a broken money system wholesale or just making it easier for people living in the West to send money back to their families…
Remember the vicious cycle that threatened the entire European banking sector in 2012? It went something like this: over indebted sovereigns depended on domestic banks to buy their debt, but when yields on that debt spiked, the banks took a hit, inhibiting their ability to fund the sovereign, whose yields would then rise some more,…
©Joe Waldron Save money into my pension? I’d rather blow it on a holiday. This is the typical response of a millennial — marketing shorthand for a 20-something — when you ask them about financial planning. More On this story On this topic IN Personal Finance For the generation that grew up in the Noughties,…
The financial crisis turned a lot of Americans into renters, because they couldn’t keep paying their mortgage, or because high unemployment and stagnant wages in the ensuing years forced them to put off home ownership. A new report from real estate website Trulia seeks to identify the groups that lost the most purchase on the…
“Push button. Get Mortgage.” That’s the tagline of Quicken Loans’ new product, Rocket Mortgage. The company introduced Rocket Mortgage to the massive television audience watching Super Bowl 50 in a one-minute commercial. The ad describes a simple push button app that allows people to get mortgages on their phones, which would lead to a “tidal…
Our nation has problems, and your nation has problems, but be thankful you don’t live in Venezuela, which is truly one of the most fucked places on earth. Sure, Syria has a horrific war and plenty of nations around the world have populations that are destitute and disease-ridden. But the thing that really hurts is…
Once more unto the breach, dear friends, once more. Having slogged through several years of research on the many and complex causes of the financial crisis, I take it personally when people try to rewrite history and ignore what actually drove the events that led to the collapse. That is our charge today, in response…