The Weekly Skim for Investment Professionals & Financial Advisors
Issue WK2 - 1.7.19
Hong Kong Scholar Predicts Positive Outcome for US-China Trade Deal
Lawrence J. Lau, an economics professor at the Chinese University of Hong Kong and former member of China’s top political advisory body, previously correctly predicted a “truce” would follow the meeting between Chinese President Xi Jinping and US President Donald Trump in Argentina last month.
Now, Lau believes there is a high probability of China and the U.S. solidifying a trade deal in the coming weeks that will positively impact the global economy. Read more.
11 #FinTech predictions for 2019 by @Kr00ney via @CNBC
#3 stood out to me the most, "the rise of FinTech debit cards" and I feel like Venmo will be the leader in this space. I have a Venmo card and use it often, it's bright green and catches the eye. The majority of the time younger cashiers do a double take and make a positive comment about it. This trend will be good for PayPal and Square as an alternative to traditional banking.
Voids were exposed in the RIA business in 2018; who or what could fill them in 2019 "The RIA business has never been beset by so many perils as it is now. But that is even truer for every other business model competing for investor dollars against RIAs. The chief challenge in all channels is the pace of change." - Brooke Southall
According to the United Nations, conflict gold provides the largest source of revenue to militias and other actors involved in the flashpoint eastern Congo, where an estimated 3.3 to 7.6 million people have died.
- Timothy Hooker, AIF®
Founder of the Digital Wealth Planner
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