While we think that Bitcoin has the potential to revolutionize the payments system all over the world, we would emphasize the world “slow” here in the sense that significant changes would not be seen until a few years from now, at the very quickest.
Our global financial system at the zero-bound is beginning to resemble a leukemia patient with New Age chemotherapy, desperately attempting to cure an economy that requires structural as opposed to monetary solutions.
A group including Apple Inc., Google Inc. and Research In Motion Ltd. agreed to buy patents from bankrupt Eastman Kodak Co. for about $525 million, gaining digital-imaging technology to capture and share pictures.
Weakening demand is forcing new and accelerated cost reductions at companies from Bank of America Corp. and Hewlett-Packard Co. to Staples Inc. and Eastman Kodak Co., dimming the outlook for an already struggling U.S. labor market.
John Taylor was thrust into the interbank cash foreign exchange business by accident. He soon became an expert, and 40 years later is operating one of the largest forex-focused commodity trading advisors