Money Talk

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02/08/2020

The coronavirus has prompted Americans to reassess the need to reside near hot job markets.

"Let's start with the basics - PRICES. When the price of something falls, we use more of it. That's simple economics and...
28/07/2020

"Let's start with the basics - PRICES. When the price of something falls, we use more of it. That's simple economics and is happening right now with AI. AI is everywhere - packed into your phone's apps, optimizing your electricity grids, and replacing your stock portfolio managers. Soon it may be driving you around or flying packages to your house."

If economists are good at one thing, it is cutting through hype. Where others see transformational new innovation, we see a simple fall in price. But it is more than that. To understand how AI will affect your MONEY, you need to know precisely what price has changed and how that price change will cascade throughout the broader economy. Only then can you build a plan of action. Economic history has taught us that the impact of major innovations is often felt in the most unexpected places.

https://www.google.com/books/edition/Prediction_Machines/wJY4DwAAQBAJ?hl=en&gbpv=1&dq=prediction+machines&printsec=frontcover

24/07/2020

Performance of photon-based neural network processor is 100-times higher than electrical processor

China’s government began a pilot program for its digital currency, which lives on a mobile wallet application and offers...
11/07/2020

China’s government began a pilot program for its digital currency, which lives on a mobile wallet application and offers Beijing greater control of the country’s financial system, a few months ago. The initial testing was limited to four cities, with local media reporting that some of the money was distributed via transport subsidies to residents in Suzhou. However, implementation remains a question. China’s $27 trillion payments industry is already dominated by twin internet giants Alibaba Group Holding Ltd. and Tencent Holdings Ltd.

Ride-hailing giant Didi Chuxing is testing China’s digital cash as a payment method on its platform, in what could be one of the first real-world applications of the electronic version of the yuan.

09/07/2020
09/07/2020
09/07/2020

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Money Talk

Welcome to Money Talk. An online site for anyone who enjoys learning about and discussing money topics. Money Talk started in 2010 with just a few friends trying to help each other. This page is our first public forum to open our research to others who may want to add their own commentary or just learn from our particular point of view.