Yep. And I noticed how slowly he went down each time, too.
We've seen the volatility at dollar-yen, U. S. Treasurys, JGBs (Japanese government bonds), German bunds.
I don't think you're going to have one bank. Big companies aren't going to give us all their business. So they can pick and choose - by product, by country, whatever. We have major competition across every product in every place we operate.
But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization - these companies, these clients getting much bigger and much more global.
Let's look at lending, where they're using big data for the credit side. And it's just credit data enhanced, by the way, which we do, too. It's nothing mystical. But they're very good at reducing the pain points. They can underwrite it quicker using - I'm just going to call it big data, for lack of a better term: "Why does it take two weeks? Why can't you do it in 15 minutes?"
I am struck that so many of our leaders in the U. S. forget how strong our country can be.
My guess is the big Chinese banks will be in 100 countries by then. They will have very sophisticated operations, and they may very well have bought banks around the world in countries that allow it. I mean, I don't think the American government would allow them to buy JPMorgan. But they will be able to buy a sizable big bank in the U. S. at some point. Whether they do or not, or if it's allowed or not, I don't know.
The newborn infant is now seen to be wired with awesome precision. . . This marvelous robot will be launched into the world under the care of its parents. . . But to what extent does the wiring of the neurons, so undeniably encoded in the genes, preordain the directions that social development will follow?
Dreams can change histories and songs can alter destinies- two ideas that on good days I believe wholeheartedly and on bad days I denounce as a bunch of bull.
When dealing with illegal immigration, the answer is simple; enforce Constitutional mandates, and you will protect Floridians and the American people.
My weakness has always been to prefer the large intention of an unskilful artist to the trivial intention of an accomplished one: in other words, I am more interested in the high ideas of a feeble executant than in the high execution of a feeble thinker.