Just a thought.

Friday, June 23, 2017

Thursday, June 22, 2017

Shorter...

Jack Ma, the poster child for the benefits of globalization: trained as a teacher, he founded e-commerce platform Alibaba in 1999 and is now a billionaire.

Now he's predicting another benefit for humans: drastically shorter workweeks.
The billionaire businessman said in the next three decades, "people [will] only work four hours a day and maybe four days a week.

My grandfather worked 16 hours a day in the farmland and [thought he was] very busy. We work eight hours, five days a week and think we are very busy."

That's about the same number as famed economist John Maynard Keynes predicted in 1930, when he said in 100 years the workweek will be much shorter, around 15 hours per week as automation increasingly takes care of people's material needs.
Ma also said people in the future will be able to vacation in a far greater variety of places.

Not going to happen..... Just a thought.

Flash...

The price of ethereum [alternative to Bitcoin] crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange, which is being blamed on a "multimillion dollar market sell" order.

As the price continued to fall, another 800 stop loss orders and margin funding liquidations caused ethereum to trade as low as 10 cents.

A stop loss order is executed automatically once a security hits a particular price. Margin funding is essentially trading with borrowed funds. Liquidation is when these positions are closed automatically in order to prevent further losses. The knock-on selling effect caused the flash crash on GDAX.

Whatever it is.... the basics is there.