Reply to thread

Message

Cast your eye over the history of finance. Until the early '70s, finance used to be a sleepy backwater. The explosion of financial markets -- and by implication quant finance -- occurred after the US went off the gold standard and became completely a fiat currency. This operated in conjunction with (after 1990) the US spearheading economic globalization. This has been coming to an end the last few years and its demise -- and the demise of the dollar in world trade -- will probably only accelerate. This probably means the role of finance in all its forms will decline, maybe drastically.

[QUOTE="bigbadwolf, post: 303654, member: 722"] Cast your eye over the history of finance. Until the early '70s, finance used to be a sleepy backwater. The explosion of financial markets -- and by implication quant finance -- occurred after the US went off the gold standard and became completely a fiat currency. This operated in conjunction with (after 1990) the US spearheading economic globalization. This has been coming to an end the last few years and its demise -- and the demise of the dollar in world trade -- will probably only accelerate. This probably means the role of finance in all its forms will decline, maybe drastically. [/QUOTE]

Verification