Goldman Sachs CEO Kills the Rumor: ‘We Never Had Plans to Open a Crypto Desk’

Goldman Sachs is not opening an institutional crypto trading desk, despite rampant rumors suggesting otherwise. That’s what Goldman Sachs CEO David Solomon told the House Financial Services Committee this week. The Congressional hearing gathered the CEOs of the seven largest banks in the United States. They were grilled about the bloated executive pay packages of Wall Street bankers and whether the institutions have become more responsible in the decade since the massive taxpayer-funded bank bailout of 2009. ‘We Never Had Plans to Open a Crypto Desk’ During the hearing, David Solomon claimed that Goldman never had any concrete plans to

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10-Year Dow Surge Kills Hedge Funds – Why Traders May Get Last Laugh

Index funds are squashing hedge fund managers in the US stock market. No matter which way you look at it, the decade-long bull markets in the Dow Jones, Nasdaq, and S&P 500 have smoked the “smartest guys in the room.” Who’s to blame for this? Well, as you might have guessed its probably the Federal Reserve. As they pump markets with an artificial stimulus, designed to force cash out of bank accounts and into higher-yielding, riskier assets, stocks are the only game in town. Stock Market Investing Was Revolutionized By Indexes like the Dow Jones and S&P 500 But wait,

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The World Bank stopped tracking inflation in Zimbabwe in November 2008, when it reached 79.6 billion percent. One year later, the country abandoned its currency. The exchange rate at the time was $35 quadrillion Zimbabwean to $1 USD…. inflation kills!

The World Bank stopped tracking inflation in Zimbabwe in November 2008, when it reached 79.6 billion percent. One year later, the country abandoned its currency. The exchange rate at the time was $  35 quadrillion Zimbabwean to $  1 USD.... inflation kills! submitted by /u/Crevative
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Bitcoin – The Currency of the Internet