Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Marcus

Cryptocurrency

Does Investment Banking make money at Lazard and Goldman Sachs?

Therefore, Goldman Sachs increasingly views itself as an engineering company rather than a traditional investment bank. Current engineering projects at Goldman include cryptocurrency and Marcus an artificial intelligence (AI) that offers saving accounts and personal loans.

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Market Insanity

Is Citigroup Making Money?

The good news for investors is that Citi is very good at credit cards and customer service. The company will refund some money to 1.75 million customers that did not receive a planned interest rate reduction.

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CryptocurrencyOpportunities

Goldman Sachs plans Apple Pay Credit Card

An interesting goal for Apple would be the creation of a “financial App store” where a wide variety of solutions like Marcus would be available to consumers. Future solutions might include checking accounts, loans, insurance, investments, annuities, remittances, wire transfers, and investment advice from Goldman Sachs.

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Opportunities

The Future of Banking at Goldman Sachs

Strangely enough the future of banking and finance is on display at Goldman Sachs (NYSE: GS). The 147 year-old investment bank is quietly transforming itself into an information technology company, a paradigm shift that will be felt far beyond Wall Street.

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My Thoughts

How Artificial Intelligence and Blockchain can Improve Government

A skillful use of a combination of artificial intelligence and block chain might increase the efficiency, transparency and effectiveness of government.

There are many ways that blockchain and AI can reduce the cost of government while making it more responsive to citizens. Even some age old abuses might be corrected or eliminated by these cutting edge technologies.

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Long Ideas

Bank of America and the Uncertain Future of Consumer Banking

The uncertain future of Bank of America (NYSE: BAC) is threatened by the changing nature of consumer banking. The biggest

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Opportunities

How to get More Cash Flow with Airbnb

It is possible to increase your cash flow with Airbnb and even make a good living from the app. To do so you will have to work hard, be creative and be willing to think outside the box.

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Market Commentary

Technological Unemployment Makes the Jobs Apocalypse Worse

The jobs apocalypse is about to get far worse because the machines have figured out how to learn. We had better get ready because AIs like Libratus will soon destroy hundreds of not thousands of highly paying jobs.

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