The word I learn today

Laminated paper: During the townhall, Tony gave us the hard paper card showing our team’s vision, He called it laminated paper. Cleavage: when watching the TV series “Breaking Bad”, the main actor tells his family a joke that the girls in his school are allowed to invite their own photographer to take their photos. And […]

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Note: Payment, clearing and settlement systems in the United States

Introduction (1) Payment systems, (2) clearing houses, (3) central securities depositories and (4) securities settlement systems are key institutions in the US financial market infrastructure. Payment systems in the United States include mechanisms for processing both wholesale and retail funds transfers. At the wholesale level, two large-value electronic funds transfer systems settle the bulk of […]

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Blockchain for dummies

说在前面,感觉blockchain作为一种比较新的信息交流的network,它的很多优点我觉得并不是独占的,同时也有可能同时带来一些新问题。给我的直观感受是blockchain还是有点两面性,而且适用领域比较limited。同时,bitcoin的风潮吹高了blockchain作为一个单纯技术的价值。 Difference Between Bitcoin and Blockchain? Bitcoin is only one of the application of blockchain technology Instead of having a blockchain that relies on the exchange of cryptocurrencies with anonymous users on a public network (as is the case with bitcoin), a blockchain for business is a private, permissioned network with known identities and without […]

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2019 Recap and 2020 Outlook

2019 Market Performance: Most markets are ending with returns above, in some cases, two times above their long-term average. Driven by Very low market baseline @ 2018 year end The market overstated recession risk in 2019 which drag down the market a lot. Extraordinary broad monetary easing this year One year ago (2018 Dec.) that […]

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