Here are a few interesting ideas gathered this weekend: * Here's a post that caught my eye on the Dunning-Kruger effect--a cognitive bias in which people who don't know tend to also not know that they don't know. This excellent article puts the DK effect into context and makes the observation that experts are more likely to accurately assess their level of knowledge and success--and even modestly understate their gifts--relative to those ...
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China Removes Cap on Forex Deposit Rates in Shanghai PBOC Governor Zhou Xiaochuan China expanded banks’ freedom to set foreign-currency deposit rates in Shanghai, a step toward easing interest-rate controls across the nation. The People’s Bank of China said today it will remove the ceiling on foreign-currency deposit rates across the city effective tomorrow for what it described as small accounts. The trial will start ...
Why Amazon Won’t Repeat The Facebook Phone Debacle The smartphone industry is one of the most ruthless battlegrounds in tech, governed overwhelmingly by Apple and Android’s operating systems. Just ask Facebook. Mark Zuckerberg’s company was the last major tech firm to attempt to compete with its own mobile ecosystem, and it found its Home product nearly dead on arrival. On Wednesday, Amazon is expected to roll out its first smartphone at an exclusive ...
Originally Posted by matfx NFAs Board Approves Prohibition Credit Cards Fund : businesswire.com CHICAGO--(BUSINESS WIRE)--National Futures Association (NFA) announced that its Board approved a ban on the use of credit cards to fund retail forex and futures accounts. This prohibition is subject to approval by the Commodity Futures Trading Commission. Although NFA's proposed rule prohibits the use of credit cards to fund both futures and retail forex accounts, NFA determined through its study that futures commission ...
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