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  • 29.11.2019 | Six European states joining alternative payment channel for Iran to skirt US sanctions




    Belgium, Denmark, Finland, the Netherlands, Norway and Sweden have agreed to support EU efforts to facilitate trade with sanctions-hit Iran as they announced their participation in the financial channel known as INSTEX. The six states are “in the process of becoming shareholders of the Instrument in Support of Trade Exchanges (INSTEX) subject to completion of national procedures,” a short joint statement issued on Friday reads. However, it does not elaborate as to when the countries will implement the pledge. INSTEX was established by France, Germany and the United Kingdom in January 2019 to save the landmark nuclear agreement with the Islamic Republic, officially called the Joint Comprehensive Plan of Action (JCPOA), after the US abandoned the deal. The trade channel is aimed at bypassing reinstated US sanctions against Iran and facilitating the legitimate business of EU companies with the country. It took the alternative payment mechanism around six months to become operational, and the Islamic Republic has repeatedly pointed to a lack of support from EU nations to keep the nuclear deal alive. It even compared INSTEX with a “beautiful car without fuel.” Unsatisfied with the efforts of the EU signatories, Tehran, which initially was in full compliance with the agreement, has begun gradually scaling back its nuclear commitments under the JCPOA despite Brussels’ calls for continued adherence. In one of its latest moves in response to Washington’s unilateral withdrawal from the deal, Iran has reportedly started enriching uranium to five percent at its Fordow nuclear facility.   FILE PHOTO: A general view of Valiasr Square in Tehran, Iran, November 20, 2019 © Reuters / Nazanin Tabatabaee   https://quantsalus.com/faq/...

    Belgium, Denmark, Finland, the Netherlands, Norway and Sweden have agreed to support EU efforts to facilitate trade with sanctions-hit Iran as they announced their participation in the financial channel known as INSTEX.

    The six states are “in the process of becoming shareholders of the Instrument in Support of Trade Exchanges (INSTEX) subject to completion of national procedures,” a short joint statement issued on Friday reads. However, it does not elaborate as to when the countries will implement the pledge.

    INSTEX was established by France, Germany and the United Kingdom in January 2019 to save the landmark nuclear agreement with the Islamic Republic, officially called the Joint Comprehensive Plan of Action (JCPOA), after the US abandoned the deal. The trade channel is aimed at bypassing reinstated US sanctions against Iran and facilitating the legitimate business of EU companies with the country.

    It took the alternative payment mechanism around six months to become operational, and the Islamic Republic has repeatedly pointed to a lack of support from EU nations to keep the nuclear deal alive. It even compared INSTEX with a “beautiful car without fuel.”

    Unsatisfied with the efforts of the EU signatories, Tehran, which initially was in full compliance with the agreement, has begun gradually scaling back its nuclear commitments under the JCPOA despite Brussels’ calls for continued adherence. In one of its latest moves in response to Washington’s unilateral withdrawal from the deal, Iran has reportedly started enriching uranium to five percent at its Fordow nuclear facility.

     

    FILE PHOTO: A general view of Valiasr Square in Tehran, Iran, November 20, 2019 © Reuters / Nazanin Tabatabaee

     

    https://quantsalus.com/faq/


    27.11.2019 | Russias national payment system MIR looks to expand to Europe




    MIR payment system, developed by Russia in response to Western sanctions, is set to hit the European market. It will launch a pilot project at the Russian-British business forum in London on Wednesday. PayXpert will become the unique acquirer of MIR cards in Europe, and the UK will be the first country where the system will operate, according to one of the organizers of the business event, the Roscongress Foundation. The launch of our joint project with PayXpert is the first and foremost step in the development of MIR acquiring in Europe, which will lay the foundation for new promising trends in the foreign expansion of Russian payment cards,” said CEO of the MIR payment system Vladimir Komlev. The Russian payment system is expected to open up access to the Russian consumer market and boost the turnover between Russia and the UK, as it will simplify payment transactions for customers of different companies. The tourist sector is also set to benefit from the project, since more than 40 million Russian tourists visit Europe annually. “Demonstrating the potential of Russia’s financial services abroad is extremely important,” Russian Trade Representative in the UK Boris Abramov said, vowing to assist in connecting new organizations in the UK to the payment scheme. PayXpert says that MIR is “a solid cross border payment system” that can make a company attractive to more than 147 million Russian potential customers and give access to new Eastern European and Asian markets. Russia started developing its own national payment system when the US targeted it with sanctions in 2014. Back then clients of several Russian banks were temporarily unable to use Visa and Mastercard due to the restrictions. Since the introduction of the new system, Russian banks have already issued more than 69.7 million MIR cards.   FILE PHOOT: Sputnik / Mikhail Voskresenskiy   https://quantsalus.com/news/...

    MIR payment system, developed by Russia in response to Western sanctions, is set to hit the European market. It will launch a pilot project at the Russian-British business forum in London on Wednesday.

    PayXpert will become the unique acquirer of MIR cards in Europe, and the UK will be the first country where the system will operate, according to one of the organizers of the business event, the Roscongress Foundation.

    The launch of our joint project with PayXpert is the first and foremost step in the development of MIR acquiring in Europe, which will lay the foundation for new promising trends in the foreign expansion of Russian payment cards,” said CEO of the MIR payment system Vladimir Komlev.

    The Russian payment system is expected to open up access to the Russian consumer market and boost the turnover between Russia and the UK, as it will simplify payment transactions for customers of different companies. The tourist sector is also set to benefit from the project, since more than 40 million Russian tourists visit Europe annually.

    “Demonstrating the potential of Russia’s financial services abroad is extremely important,” Russian Trade Representative in the UK Boris Abramov said, vowing to assist in connecting new organizations in the UK to the payment scheme.

    PayXpert says that MIR is “a solid cross border payment system” that can make a company attractive to more than 147 million Russian potential customers and give access to new Eastern European and Asian markets.

    Russia started developing its own national payment system when the US targeted it with sanctions in 2014. Back then clients of several Russian banks were temporarily unable to use Visa and Mastercard due to the restrictions. Since the introduction of the new system, Russian banks have already issued more than 69.7 million MIR cards.

     

    FILE PHOOT: Sputnik / Mikhail Voskresenskiy

     

    https://quantsalus.com/news/


    25.11.2019 | Is this the way to prevent the RISE OF THE MACHINES? Tech experts unveil new AI design method




    The prospect of rapidly-developing thinking machines conjures up images of Terminator bots or Black Mirror dystopias, but now a group of tech researchers claim to have developed a method of curbing bad AI behavior. “When someone applies a machine learning algorithm, it’s hard to control its behavior,” said lead author Philip Thomas from the University of Massachusetts Amherst.  The key issue, according to Thomas and his fellow researchers, is not to try teaching computers to act morally, but to design the machine-learning algorithms so that they’re much easier for the (human) user to later add in constraints that make the AI safer and fairer. The team came up with a framework they called ‘Seldonian’ algorithms, named after a character created by sci-fi writer Isaac Asimov, with which users can specify undesirable behavior as per their own needs.  Thomas gives the example of using their algorithm when controlling an insulin pump for diabetes treatment and specifying that undesirable behavior means dangerously low blood sugar. “Most algorithms don’t give you a way to put this type of constraint on behavior; it wasn’t included in early designs,” he explains. In research published in Science, the team tested their Seldonian algorithm to predict grade point averages for 43,000 students in Brazil, and say it resulted in successfully overcoming several types of gender bias. The researchers, who hail from UMass Amherst and Stanford in the US, and the Federal University of Rio Grande del Sol in Brazil, are calling on others in the field to continue their avenue of research for the development of more responsible machine learning.   File photo © GlobalLookPress / dpa / Axel Heimken   https://quantsalus.com/contacts/...

    The prospect of rapidly-developing thinking machines conjures up images of Terminator bots or Black Mirror dystopias, but now a group of tech researchers claim to have developed a method of curbing bad AI behavior.

    “When someone applies a machine learning algorithm, it’s hard to control its behavior,” said lead author Philip Thomas from the University of Massachusetts Amherst. 

    The key issue, according to Thomas and his fellow researchers, is not to try teaching computers to act morally, but to design the machine-learning algorithms so that they’re much easier for the (human) user to later add in constraints that make the AI safer and fairer.

    The team came up with a framework they called ‘Seldonian’ algorithms, named after a character created by sci-fi writer Isaac Asimov, with which users can specify undesirable behavior as per their own needs. 

    Thomas gives the example of using their algorithm when controlling an insulin pump for diabetes treatment and specifying that undesirable behavior means dangerously low blood sugar. “Most algorithms don’t give you a way to put this type of constraint on behavior; it wasn’t included in early designs,” he explains.

    In research published in Science, the team tested their Seldonian algorithm to predict grade point averages for 43,000 students in Brazil, and say it resulted in successfully overcoming several types of gender bias.

    The researchers, who hail from UMass Amherst and Stanford in the US, and the Federal University of Rio Grande del Sol in Brazil, are calling on others in the field to continue their avenue of research for the development of more responsible machine learning.

     

    File photo © GlobalLookPress / dpa / Axel Heimken

     

    https://quantsalus.com/contacts/


    23.11.2019 | 1.2 BILLION peoples data including social media profiles and contact info found on unsecured Go




    A massive four-terabyte trove of sensitive personal data belonging to over a billion profiles has been found on an unsecured Google Cloud server - its owner still a mystery - in one of the largest single-source data leaks ever. The mountain of data, including phone numbers, email addresses, and social media profiles, was sitting unprotected on an anonymous server hosted on the Google Cloud when security researchers Vinny Troia and Bob Diachenko found it while scanning for vulnerabilities last month. After they reported the massive exposure to the FBI, it disappeared within hours. It’s not clear who accessed it before Troia and Diachenko, and what they did with the data, but the sheer enormity of the leak, with 1.2 billion unique data profiles potentially slurped up by malicious actors, is enough to cause alarm. The information was likely obtained in four chunks from so-called “data enrichment” companies, Troia suggested in a blog post on Friday announcing his discovery. These entities allow a customer to use a single piece of information on a person, even just their name, to access potentially hundreds more data points - anything from email address to preferred social activities. Two data enrichers - People Data Labs and OxyData.io - were discovered to be the sources for the data on the rogue server. However, after communicating with both companies, Troia was satisfied that the server did not belong to either. Its owner could have bought the data from them and just left it lying around unsecured - without any further information about the server’s owner, there was little that could legally be done. That doesn’t solve the problems of the 1.2 billion people whose private information is now floating around in the ether. Data enrichers pass the responsibility for securing the data they sell onto the customers as soon as the transaction is completed. If that customer’s security lapses, no one is responsible for telling the person whose data is now being pilfered by who knows how many malicious actors that they’ve - as a popular site for learning what your data is up to puts it - been ‘pwned.’ As usual, data privacy law lags far behind technology.   © Pixabay / marcusspiske   https://quantsalus.com/contacts/...

    A massive four-terabyte trove of sensitive personal data belonging to over a billion profiles has been found on an unsecured Google Cloud server - its owner still a mystery - in one of the largest single-source data leaks ever.

    The mountain of data, including phone numbers, email addresses, and social media profiles, was sitting unprotected on an anonymous server hosted on the Google Cloud when security researchers Vinny Troia and Bob Diachenko found it while scanning for vulnerabilities last month. After they reported the massive exposure to the FBI, it disappeared within hours. It’s not clear who accessed it before Troia and Diachenko, and what they did with the data, but the sheer enormity of the leak, with 1.2 billion unique data profiles potentially slurped up by malicious actors, is enough to cause alarm.

    The information was likely obtained in four chunks from so-called “data enrichment” companies, Troia suggested in a blog post on Friday announcing his discovery. These entities allow a customer to use a single piece of information on a person, even just their name, to access potentially hundreds more data points - anything from email address to preferred social activities. Two data enrichers - People Data Labs and OxyData.io - were discovered to be the sources for the data on the rogue server.

    However, after communicating with both companies, Troia was satisfied that the server did not belong to either. Its owner could have bought the data from them and just left it lying around unsecured - without any further information about the server’s owner, there was little that could legally be done.

    That doesn’t solve the problems of the 1.2 billion people whose private information is now floating around in the ether. Data enrichers pass the responsibility for securing the data they sell onto the customers as soon as the transaction is completed. If that customer’s security lapses, no one is responsible for telling the person whose data is now being pilfered by who knows how many malicious actors that they’ve - as a popular site for learning what your data is up to puts it - been ‘pwned.’ As usual, data privacy law lags far behind technology.

     

    © Pixabay / marcusspiske

     

    https://quantsalus.com/contacts/


    22.11.2019 | German auto giants BMW, Daimler, Volkswagen fined for forming steel cartel




    Germany's competition commission Bundeskartellamt has ordered the country’s three major automakers to pay a total fine of €100 million ($110 million) for forming a cartel to fix steel prices. The watchdog said that BMW, Daimler and Volkswagen met twice a year with steel makers between 2004 and 2013 to set uniform surcharges for the long steel they purchased. Unlawful prices were in place until at least 2016, it said. Long steel is a crucial element used in manufacturing car parts such as crankshafts, steering rods and cogs. The Bundeskartellamt, which has been investigating price rigging in the steel industry last year, ordered six stainless steel producers to pay €205 million for price fixing. The authority said that the auto companies have accepted "the facts established" and the fine. Volkswagen is expected to cough up €48.7 million ($54 million). BMW said it would pay €28 million ($31 million), while Daimler will pay €23.5 million ($26 million). The three carmakers are still under investigation by the European Commission for allegedly colluding on emissions reduction technologies.   Steel rolls © Reuters / Leon Kuegeler https://quantsalus.com/about/...

    Germany's competition commission Bundeskartellamt has ordered the country’s three major automakers to pay a total fine of €100 million ($110 million) for forming a cartel to fix steel prices.

    The watchdog said that BMW, Daimler and Volkswagen met twice a year with steel makers between 2004 and 2013 to set uniform surcharges for the long steel they purchased. Unlawful prices were in place until at least 2016, it said.

    Long steel is a crucial element used in manufacturing car parts such as crankshafts, steering rods and cogs.

    The Bundeskartellamt, which has been investigating price rigging in the steel industry last year, ordered six stainless steel producers to pay €205 million for price fixing.

    The authority said that the auto companies have accepted "the facts established" and the fine. Volkswagen is expected to cough up €48.7 million ($54 million). BMW said it would pay €28 million ($31 million), while Daimler will pay €23.5 million ($26 million).

    The three carmakers are still under investigation by the European Commission for allegedly colluding on emissions reduction technologies.

     


    19.11.2019 | NASA tracking THREE asteroids headed this way, two spotted just 2 days ago




    NASA is currently tracking three near-Earth objects (NEOs) due to fly past the Earth on November 20. Worryingly, two of the three were only spotted this past weekend, once again raising tensions over planetary defense. The first of Wednesday’s cosmic flybys and the largest, measuring 157.5ft to 360.8ft (48 to 110 meters) across, will be asteroid 2019 UK6, which will speed past at approximately 6.20am GMT (1.20am EDT).  It is 2019 UK6 we had most prior warning about, as it was first observed on October 24. NEO 2019 UK6 is an Amor asteroid, which that goes around the Sun and the Earth, occasionally, but very rarely, crossing Earth's path. Apollo asteroids, on the other hand, intersect with Earth’s orbit as the planet travels around the Sun. The second of the Wednesday’s flybys will be 2019 WF, first spotted by NASA’s asteroid hunters just two days ago on November 17. Estimated to be about 24 meters wide, it will make its closest Earth approach at roughly twice the distance to the moon, so no danger of an extinction level event there anyway. Last up will be 2019 WE, also spotted at the last second on November 17. This asteroid will sail past our planet at a distance of about 1.3 million kilometers away. According to NASA's Center for Near-Earth Object Studies (CNEOS), all three will have what are dubbed “near-Earth approaches,” but thankfully none are believed to pose any threat.   © Pixabay / Thomas Breher...

    NASA is currently tracking three near-Earth objects (NEOs) due to fly past the Earth on November 20. Worryingly, two of the three were only spotted this past weekend, once again raising tensions over planetary defense.

    The first of Wednesday’s cosmic flybys and the largest, measuring 157.5ft to 360.8ft (48 to 110 meters) across, will be asteroid 2019 UK6, which will speed past at approximately 6.20am GMT (1.20am EDT).  It is 2019 UK6 we had most prior warning about, as it was first observed on October 24.

    NEO 2019 UK6 is an Amor asteroid, which that goes around the Sun and the Earth, occasionally, but very rarely, crossing Earth's path. Apollo asteroids, on the other hand, intersect with Earth’s orbit as the planet travels around the Sun.

    The second of the Wednesday’s flybys will be 2019 WF, first spotted by NASA’s asteroid hunters just two days ago on November 17. Estimated to be about 24 meters wide, it will make its closest Earth approach at roughly twice the distance to the moon, so no danger of an extinction level event there anyway.

    Last up will be 2019 WE, also spotted at the last second on November 17. This asteroid will sail past our planet at a distance of about 1.3 million kilometers away.

    According to NASA's Center for Near-Earth Object Studies (CNEOS), all three will have what are dubbed “near-Earth approaches,” but thankfully none are believed to pose any threat.

     

    © Pixabay / Thomas Breher


    18.11.2019 | Pegasus returns? WhatsApp users on alert after Facebook warned of ANOTHER vulnerability exploited by




    Mark Zuckerberg’s company issued an alert over hackers gaining access to mobile devices via fake WhatsApp calls several months after Pegasus spyware scandal rocked India, leading to a lawsuit against Israeli surveillance firm. Facebook, which owns WhatsApp messenger, warned several days ago about a system vulnerability that allows hackers to send “a specially crafted MP4 file” to its Android and iOS users. The bug appears to be similar to the one uncovered this spring, which was used by hackers to infect devices with malware, disguised as ordinary calls. The vulnerability has since been patched up, but the cyberattacks caused a scandal in India because over 20 local lawyers, journalists and human rights campaigners were among the 1,400 users affected by the hacks worldwide. The hacking tool itself, as it turned out, was ‘Pegasus’ spyware, developed by Israeli surveillance firm NSO Group, which does not disclose its clients, but claims to only sell the product to government agencies. Indian officials denied of having used the software and rejected the allegations of hacking WhatsApp users. Facebook, meanwhile, sued NSO Group, claiming that the hackers used servers and hosting services “that were previously associated” with the firm. The Israeli company denied any wrongdoing.   An RT composite image. © AFP / Valerie Gache   https://quantsalus.com/rules/...

    Mark Zuckerberg’s company issued an alert over hackers gaining access to mobile devices via fake WhatsApp calls several months after Pegasus spyware scandal rocked India, leading to a lawsuit against Israeli surveillance firm.

    Facebook, which owns WhatsApp messenger, warned several days ago about a system vulnerability that allows hackers to send “a specially crafted MP4 file” to its Android and iOS users.

    The bug appears to be similar to the one uncovered this spring, which was used by hackers to infect devices with malware, disguised as ordinary calls. The vulnerability has since been patched up, but the cyberattacks caused a scandal in India because over 20 local lawyers, journalists and human rights campaigners were among the 1,400 users affected by the hacks worldwide.

    The hacking tool itself, as it turned out, was ‘Pegasus’ spyware, developed by Israeli surveillance firm NSO Group, which does not disclose its clients, but claims to only sell the product to government agencies. Indian officials denied of having used the software and rejected the allegations of hacking WhatsApp users.

    Facebook, meanwhile, sued NSO Group, claiming that the hackers used servers and hosting services “that were previously associated” with the firm. The Israeli company denied any wrongdoing.

     

    An RT composite image. © AFP / Valerie Gache

     

    https://quantsalus.com/rules/


    17.11.2019 | Leonid meteor shower light up night sky with spectacular shooting stars




    One of the most famous annual meteor displays, the Leonid shower, is peaking this weekend and even though this year’s show could be a downer, stargazers will still be treated to occasional spectacular fireballs and shooting stars. The Leonid is expected to be best visible in the early hours of the morning on Monday, between 2am and 4am. This Sunday, there was no need for telescopes as the shower was perfectly visible to the naked eye – granted clouds stay away, that is. The Leonid meteor shower is named after the constellation Leo (the Lion), and takes place every year when the Earth passes through the debris field left in the wake of the Temple-Tuttle Comet creating shooting stars, streaks of light in the night sky lasting less than a second as the cosmic debris burns up in our atmosphere. PASS IT ON: The Leonid meteor shower peaks this Sunday night through the predawn hours of November 18th. Around 15 meteors will be possible per hour! #MeteorShower#Spacepic.twitter.com/6bv949wUNw   FILE PHOTO ©  Reuters / Ali jareji https://quantsalus.com/faq/...

    One of the most famous annual meteor displays, the Leonid shower, is peaking this weekend and even though this year’s show could be a downer, stargazers will still be treated to occasional spectacular fireballs and shooting stars.

    The Leonid is expected to be best visible in the early hours of the morning on Monday, between 2am and 4am.

    This Sunday, there was no need for telescopes as the shower was perfectly visible to the naked eye – granted clouds stay away, that is.

    The Leonid meteor shower is named after the constellation Leo (the Lion), and takes place every year when the Earth passes through the debris field left in the wake of the Temple-Tuttle Comet creating shooting stars, streaks of light in the night sky lasting less than a second as the cosmic debris burns up in our atmosphere.

    PASS IT ON: The Leonid meteor shower peaks this Sunday night through the predawn hours of November 18th. Around 15 meteors will be possible per hour! #MeteorShower#Spacepic.twitter.com/6bv949wUNw

     


    16.11.2019 | Pump it up! US Fed adds $104 billion in liquidity to markets in just one day




    The Federal Reserve, which has been boosting liquidity since mid-September, injected $104.293 billion to the financial markets on Thursday. The addition of liquidity came in two parts, with one happening via overnight repurchase agreements totaling $73.593 billion. The other was from a $30.7 billion 13-day repo operation. In both interventions, dealers took less money than the Fed was willing to provide. The US Central Bank’s market operations are aimed at ensuring that the financial system has enough liquidity, after the short-term funding rate spiked to 10 percent from two percent overnight in September. The effective Fed-funds rate stood within the target rate on Wednesday, at 1.55 percent. The broad general collateral rate for repo trading stood at 1.54 percent. The Federal Reserve’s practice of adding and subtracting liquidity from short-term markets to manage short-term interest rates goes back decades. However, it is raising concerns among analysts and portfolio managers who claim that the size of recent operations are large and may not be enough to solve lending pressures.   © AFP / Mark Wilson https://quantsalus.com/news/...

    The Federal Reserve, which has been boosting liquidity since mid-September, injected $104.293 billion to the financial markets on Thursday.

    The addition of liquidity came in two parts, with one happening via overnight repurchase agreements totaling $73.593 billion. The other was from a $30.7 billion 13-day repo operation. In both interventions, dealers took less money than the Fed was willing to provide.

    The US Central Bank’s market operations are aimed at ensuring that the financial system has enough liquidity, after the short-term funding rate spiked to 10 percent from two percent overnight in September. The effective Fed-funds rate stood within the target rate on Wednesday, at 1.55 percent. The broad general collateral rate for repo trading stood at 1.54 percent.

    The Federal Reserve’s practice of adding and subtracting liquidity from short-term markets to manage short-term interest rates goes back decades. However, it is raising concerns among analysts and portfolio managers who claim that the size of recent operations are large and may not be enough to solve lending pressures.

     


    14.11.2019 | US Federal Reserves monetary policy is a BLACK HOLE that will swallow up everyone RTs Keiser Rep




    Warren Buffett’s Berkshire Hathaway now has a massive cash pile of $128 billion after the company reported a 14 percent jump in profit. This is essentially "dead cash" because it is not invested into the economy, says Max Keiser. The Keiser Report digs into the issue where the US Federal Reserve is “printing so much money so fast” that some don’t even know how to spend it. “This is the endgame of this wealth inequality,” says Stacy Herbert. She explains that at the bottom there is a black hole, with “people running faster and faster just to stay in place and the debt keeps on catching up with them.” Meanwhile, on the other side of the balance sheet, “they are earning so much money that they can’t possibly spend it.” Berkshire Hathaway can’t spend its money and is just sitting there doing nothing, she points out. “Warren Buffett is bored,” adds Max Keiser, adding that the businessman and others in similar positions are doing nothing but waiting for everyone else to go bankrupt.   © Pixabay.com   https://quantsalus.com/contacts/...

    Warren Buffett’s Berkshire Hathaway now has a massive cash pile of $128 billion after the company reported a 14 percent jump in profit. This is essentially "dead cash" because it is not invested into the economy, says Max Keiser.

    The Keiser Report digs into the issue where the US Federal Reserve is “printing so much money so fast” that some don’t even know how to spend it.

    “This is the endgame of this wealth inequality,” says Stacy Herbert.

    She explains that at the bottom there is a black hole, with “people running faster and faster just to stay in place and the debt keeps on catching up with them.”

    Meanwhile, on the other side of the balance sheet, “they are earning so much money that they can’t possibly spend it.” Berkshire Hathaway can’t spend its money and is just sitting there doing nothing, she points out.

    “Warren Buffett is bored,” adds Max Keiser, adding that the businessman and others in similar positions are doing nothing but waiting for everyone else to go bankrupt.

     

    © Pixabay.com

     

    https://quantsalus.com/contacts/


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