"It ain't over till it's over", said the baseball legend Yogi Berra. And Brexit is surely not over with this Christmas deal. The 27 European governments have just validated the 11th hour Brexit agreement, and the British Parliament is expected to quickly ratify the...
While economists and journalists pour into the 2,000+ pages of the Brexit treaty and its long-term impact, the financial services are already seen as the big missing part. The UK has one of the largest financial sectors in Europe, representing 2 million jobs, 12% of...
That will not be to everybody's taste... A study from the London School of Economics of 18 OECD countries over the last 50 years confirms that reducing taxes only impacts those directly touched by the tax, and has no benefit to anyone else. Tax cuts increase...
Fridges are the new rocket science... IBM's target of a million-qubit requires the biggest and coolest fridge ever. The article is also a good overview of where quantum computers are, and where they will be. Quantum computers will be exponentially better at some...
No benefit in being alarmist, and there are far too many people talking about COVID than needed. But the markets remain 'truth midwives", and today's market fall is explained by these points: - The resurgence covid resurgence is much larger this Fall than it was in...
Simple and interesting reading. Imagine we all started in life with the same wealth and randomly generated profits by trading with each other. The first winners benefit from diversification, and tend to increase their wealth.=> A fair economy naturally converges...
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