Felix salmon reuters bitcoin value
Felix Salmon born is a financial journalist, formerly of Portfolio Magazine and Euromoney and a former finance blogger for Reuterswhere he analyzed economic and occasionally social issues in addition to financial commentary. In AprilSalmon left Reuters for a digital role at Felix salmon reuters bitcoin value. Salmon also wrote a Wired cover story on the Felix salmon reuters bitcoin value copula[3] and has hosted Slate 's Money podcast since Salmon's ancestors include Jews who bore the surname Solomon before it was anglicized as Salmon.
He began blogging in for the wire service Bridge News and later worked for noted economist Nouriel Roubini. The American Statistical Association presented Salmon with the Excellence in Statistical Reporting Award "for his body of work, which exemplifies the highest standards of scientific reporting. His insightful use of statistics as a tool to understanding the world of business and economics, areas that are critical in today's economy, sets a new standard in statistical investigative reporting.
Salmon published an article in Wired magazine on 27 December explaining high-frequency trading on Wall Street. Since May 10,Salmon has felix salmon reuters bitcoin value the host of Slate felix salmon reuters bitcoin value weekly Slate Money podcast along with regular Slate financial columnist Jordan Weissmann and financial blogger Cathy O'Neilwho left the program in and was replaced by Anna Szymanski, a former emerging markets risk analyst.
After felix salmon reuters bitcoin value — global financial crisis was well under way, Salmon argued that the CDO market could theoretically suffer a crisis as a result of subprime mortgage defaults cascading into defaults in felix salmon reuters bitcoin value senior tranches of a CDO, and that such an occurrence could then result in a freeze in the credit markets.
However, he denied that this eventuality could be predicted beforehand through a priori methods. Salmon emphasizes financial deregulationoversized financial conglomerates, excessive faith in financial models and efficiency of markets as well as regulatory incompetence as being major contributors to the global financial crisis and the ensuing Great Recession.
Salmon's views on what economic policy the government should take in order to solve the jobs crisis are ideologically in-line with those of the Keynesian resurgence. Specifically, he is an advocate of further stimulus spending by the federal government, arguing that America's economic institutions have failed to respond effectively to the crisis, and that the benefits of improving America's infrastructure and hiring public workers far outweigh the federal government's low borrowing costs during the period of the Eurozone debt crisis.
Salmon has argued that there is no regulatory solution that is capable of dealing with the risks to society posed by the too-big-to-fail banking conglomerates and extremely complex financial innovations of the modern market.
Rather, he argues that real reform requires that the "financial behemoths" be broken up into much smaller pieces in order to reduce the incentive for — and ability of — financial institutions to "fraudulently game the system. His commentary on the long-running sovereign debt dispute between Elliott Management Corporation and the government of Argentina was featured on a episode of Last Week Tonight with John Oliver.
From Wikipedia, the free encyclopedia. Retrieved 13 November See also The dangerous Gaussian copula function at reuters. December 25, " Podcast. Archived from the original felix salmon reuters bitcoin value 4 October Archived from the original on 27 May Retrieved 22 May American Statistical Society website.
Retrieved 23 May Retrieved 4 August Retrieved 26 December Retrieved from " https: Alumni of the University of Glasgow Living people Felix salmon reuters bitcoin value business and financial journalists British emigrants to the United States American people of British-Jewish descent births. Views Read Edit View history. In other projects Wikimedia Commons. This page was last edited on 15 Aprilat By using this site, you agree to the Terms of Use and Privacy Policy.
This is a chart of the value of bitcoin yesterday, Wednesday. But then came the crash: Bitcoin is clearly not an effective store of wealth — just look at how quickly that wealth can be evaporated. Neither is it a useful payments mechanism, given how fast its value can fluctuate. Currently, it can take an hour for a bitcoin transaction to clear, which means that the value of the transaction when it clears can be radically different from its value at inception.
Bitcoin only works for payments if you can be reasonably sure that its value will remain reasonably steady for at least the next hour or so. As a result, right now it has a bit too much functionality with too little ease of use. But that will come, with time — and in fact I would be happier if the people developing the easy-to-use front ends for Ripple were not OpenCoin. But the end result feels a bit like bitcoin in many ways. Users are anonymous or, technically, pseudonymousfor instance: OpenCoin has no privileged access to the way in which people pay each other.
The fees are de minimisjust enough to prevent DDoS attacks and the like. Instead, they can pay each other in pretty much any currency in the world: Ripples, yes, or dollars, or yen, or euros, or even bitcoins. Here, for instance, is a screenshot of my Ripple wallet: If I want to send a payment in any one of those three currencies, I can do so pretty much cost-free; if I want to send a payment in some other currency, then the system will select for me the best exchange rate, based on various companies which are offering currency-conversion services on the Ripple platform.
Everybody using a Ripple account will have some Ripples in their account, just to get them on the system, and there will always be people making a market, converting Ripples to real currency and back again.
The good news, however, is that Ripples are not fingers crossed going to become speculative investment vehicles, in the way that bitcoins are. OpenCoin is going to be giving away billions of Ripples for free, to anybody opening an account, just to get the system seeded and get people transacting with each other. I hope it works, and I hope that the number of gateways into the system will soon expand from the current list of relatively obscure sites like Bitstamp. But at least — unlike bitcoin — it has a genuine hope of doing so.
The promise of Ripple By Felix Salmon. How the Penney dropped. A surplus of cuts.