Faster Finance Simulations Via IonQ Quantum Computers

IonQ’s quantum computers are now powerful enough to demonstrate a state-of-the-art quantum algorithm from Goldman Sachs and QC Ware that could one day speed up Monte Carlo simulations. These simulations are key for problem solving in many industries, including finance, telecommunications, robotics, climate science, and drug discovery. Arxiv -Low depth amplitude estimation on a trapped …

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CNBC “Financial Expert” Breaks News About Low Interest Rates a Decade Late

A Tesla short-seller had an epiphany, but the ridiculous epiphany is that he realized that central banks are going to mostly engineer low-interest rates for decades. This is what should be embarrassing. There have been negative interest rates in Europe since 2014. Interest rates have mostly been below 1% in Europe since about 2009. Japan …

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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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