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Pam and Russ Martens: NY Fed, pumping out trillions in bailouts, gets advice from hedge funds

By Pam and Russ Martens Wall Street on Parade Thursday, October 1, 2020 The New York Fed, the unlimited money spigot in times of need by Wall Street's trading houses, has been conducting meetings with hedge funds to get their input on the markets. More on that in a moment, but first some necessary background. Millions of Americans have seen the movie "The Big Short," based on the Michael Lewis bestselling book by the same...

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Understanding intelligence (artificial or otherwise)

Understanding intelligence (artificial or otherwise) With algorithms doing all sort of chores, which were once considered intelligent (list includes stock trading, driving, playing games like go and chess, image recognition, music creation), it’s imperative we try and find an objective definition for intelligence. Is it recognising patterns; if so any quantizable pattern can be learnt by an algorithm and it can start recognising...