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You didn't read the article. China is experimenting, no decisions about anything. They're talking about using private consumer facing platforms as one of many options. Their dictatorial system leads to fewer freedoms, not the tech or the removal of currency. Plenty of Chinese would be happy...

Here are scenarios to entice people to switch to digital only payment: 1. We want to catch the robber Barron's who don't pay their fair share of taxes. Money is used by drug cartels. We will be able to stop them. 2. The cost of production, maintenance and security of currency is millions a...

That's my point... choice has led European consumers to prefer the convenience of dematerialized payments. It also suits governments and financial institutions for various non nefarious reasons. We are reaching a point when it will be easy for governments to remove currency from circulation...

I don't want to sound like a contrarian because I too find China's digital currency Orwellian, but European are using cards or other dematerialized method for most of their payments already and I don't hear panic calls for reforms. Reality is that few people care what corporations or...

From Wired Magazine: BARCLAY BRAM SECURITY 23.08.2021 06:00 AM China’s digital yuan is a warning to the world The digital yuan was born as China’s answer to Facebook's Libra. But it’s much more than that QILAI SHEN/BLOOMBERG VIA GETTY IMAGES Luohu district of Shenzhen spent 8.8 million yuan...

For a little history, Wallis and Futuna were French islands. My great grandfather was a colonial medical doctor sent by the French government to manage the affairs of its pacific island colonies in the early 1900s. While on Wallis he came to realize that the local catholic church had basically...

Bear vs Bull... Both have put a lot of money on their conviction, proof that data analysis can result in diametrically opposed conclusions. Just as fascinating is their willingness to time their prediction to the end of the year, perhaps as late as Q1 2022. Either direction will impact all of...

That's something I didn't know...33% of Birkshire equity holding is Apple. Quite substantial.

No worries, it's not often that I see Wallis and Futuna mentioned! :D

I like that, he takes a stand and puts his money where his mouth is.

Tesla the company…

Very important islands in the story of my family! My grand father was born there, at a time when it took many months to reach these islands, weather permitting.

Island sun getting to your head or is it the vanilla rum? The world’s corporations use China for manufacturing because it is most competitive. Western nations cannot compete so instead we create government barriers.. I know, that communist behavior is called national protection on the Right...

That’s why Tesla built its factory there…. Lead, children and wherever else you fantasize about. Seems to work though, built ahead of schedule, expanded ahead of schedule, higher production volumes than expected and better finished products. They are now exporting to Europe because…. Germany’s...

That’s because you don’t seem to know anything about Chinese manufacturing.

Really? What happens at 9:30 am and 4:30 pm east coast time? Now remove it… that’s the goal. Removing these pressure points allows anyone from anywhere around the world to trade anytime without concerns for the effects of opening or closing market.

While I've not specifically considered stocks with or without activity during post and pre market, I'm coming around to resent that trading period which, at times, dramatically impacts a stock price. Examples are many, from AMZN's recent 300 drop in post market trading, BABA's significant climbs...

It's always fun when an uncultured twit let's the world know. Stick to fish and chips, you'll be fine.

I had that problem about 3 weeks ago. I reached out to them and the response was, "so your chart doesn't load up for a couple minutes..." as if I was an anal retentive asshole. I has to explain that 2 minutes when you're day trading/scalping is a BFD! Anyway, he said he updated a parameter on...

I like your optimistic pessimism but I'm more pessimistic than you. If Asia slows down any more than it is now due to the impact of the resurgent covid there, I expect a March 2020 like drop sooner than the "expected" Q1 2022 crash. Over a decade or more it's an irrelevant anomaly, but for...