Media fed fear
The recession has begun, and nothing kicks up automation like a recession. As businesses lay off workers and cut salaries to please the shareholders it will make things worse by decreasing consumer spending. The cycle will continue as spending dries up and more are laid off.
Here comes the next crash....
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Market turmoil is last straw for asset managersState Street will slash its payroll by 6 percent. Both the selloff in stocks and outflows hit the company’s AUM in the fourth quarter. The investment industry is already reeling from fee pressure and turning to technology as the solution. That will mean plenty more pink slips.
Source: Breakingviews - 🏆 470. / 51 Read more »
When Cash Is Not King: The New Favorite Investment Options For Family OfficesAlthough the family office investment approach remains relatively risk-averse, there are shifts taking place, not only between asset classes but also within traditional asset classes themselves, as innovative investment options emerge. The 'rise of millennials' Damn! This is one of the main reasons among many for why Crypto Currencies are not going anywhere. With Millennials so interested in a new form of currency & new asset class things will keep changing for the better. Of course after the technology improves and stabilizes.
Source: Forbes - 🏆 394. / 53 Read more »
When Cash Is Not King: The New Favorite Investment Options For Family OfficesAlthough the family office investment approach remains relatively risk-averse, there are shifts taking place, not only between asset classes but also within traditional asset classes themselves, as innovative investment options emerge.
Source: Forbes - 🏆 394. / 53 Read more »
A turbulent market led to one 'big surprise' last quarter that gave the world's biggest asset manager a huge boostAgainst a 'brutal backdrop,' investors pivoted to lower-fee exchange-traded-funds, a major growth area for BlackRock.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Head of world’s largest asset manager says stock market has hit a bottom — but this would make it surgeLarry Fink, CEO of world’s largest asset management firm, BlackRock Inc., says that the stock market has probably put in a bottom but that for sentiment to take off the U.S.’s spat with China on trade needs to get resolved. you missed probably twitter so active about cryptocurrency and bitcoin but my choice is GetDeepOnion DeepOnion $ONION
Source: MarketWatch - 🏆 3. / 97 Read more »
Here comes BlackRock earnings...BlackRock, the world's largest asset manager, is set to announce fourth-quarter earnings Wednesday morning, before the market opens.
Source: BusinessInsider - 🏆 729. / 51 Read more »