US and Europe Financial Leaders Signal Central Bank Digital Currencies

Federal Reserve Chairman Jerome Powell has just gave a zoom conference with two of his European counterparts that there is the possibility of Central Bank Digital Currencies. Jerome Powell talked about a possible move to Central Bank Digital Currencies. He said this would be slow but transparent process which would require specific authorization from Congress. …

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A World With Most in a Work Optional State

People who reach a comfortable retirement have savings, assets and investments that enable them to pay for their spending without being required to work. Financial institutions and governments have described this as an achievable and desirable state for most of the middle class. It was generally argued that it was a crisis that people would …

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World Added $24 Trillion COVID Related Debt for $281 Trillion Total

Worldwide debt increased to $281 trillion and worldwide debt-to-GDP ratio is now over 355%. The Institute of International Finance’s global debt monitor estimated government support programs were half of the rise, while global firms, banks and households added $5.4 trillion, 3.9 trillion and $2.6 trillion respectively. During the 2008-2009 financial crisis the debt-to-GDP jumped 10 …

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Technology Disruption of Trillions in Value in Oil Related Industries

Ark Invest has a report on Bad Ideas for investing during the 2020s. Ark Invest manages invest ETFs of about $20 billion. ARK’s Invest believes in Autonomous Technology and Robotics, Next Generation Internet, Genomic Revolution, Fintech Innovation, 3D Printing, Israel Innovative Technology, and the overall Disruptive Innovation. Self-driving trucks will be cheaper per ton-mile than …

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Blackrock and Goldman Sachs Are Piling Into This $30 Trillion Opportunity

The $250 billion that has poured into ESG index funds as of August 2020 represents a 733% increase in just two years, and what that rapidly growing big money is saying is this: bad behavior, regulatory sins, and careless carbon footprints aren’t just risky business, they’re underpinning underperformance. Big banks themselves have been among the …

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Years of Zero Interest Rates and Implications for Stock Prices

US Federal Reserve Chairman James Powell has said interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic. For decades, the goal of US Federal Reserve was to control inflation. Inflation control has now been de-emphasized, the main goal is now maximizing employment. This is …

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Are Challenger Banks and Payment Firms the Gateway to Cryptocurrency Adoption?

Retail banking is undergoing something of a revolution. Taking advantage of the fact that traditional banks haven’t changed much over the years, so-called challenger banks and payment firms are starting to capture market share from the younger generation. Although most big banks offer online portals, these are often based on legacy technologies that make them …

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How Blockchain Technology Is Making Other Industries More Efficient

Blockchain technology is underpinning how businesses operate. It is becoming one of the go-to methods of funding start-ups and making supply chains more efficient. As technology becomes more widespread, it is fair to say that over the next five to ten years more and more industries will at least in part run on blockchain technology. …

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