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Greetings, We begin with Japan where the central bank ended up disappointing the markets. The BoJ announced a smaller than expected increase in purchases of ETF’s. There was no move deeper into negative rates and no QE acceleration. Kuroda probably feels somewhat helpless at this point and is betting on the big increase in fiscal stimulus. The

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In the wake of the global financial crisis and the Madoff crimes, the amount and the sophistication of due diligence information has increased significantly, enabled by digital technology and communications. However, the means for information exchange, audit, storage, and meaningful analysis have not kept pace with the sheer volume of information. This means that the due diligence process at present is quite onerous, rife with inefficiencies and full of pain points, including burdensome administrative tasks, mind-numbing repetition, and suboptimal information storage requiring cumbersome searches. In the same way that the Industrial Revolution brought drudgery for factory workers, technology so far has brought much the same for due diligence analysts and asset managers

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My friend Alysia Reiner has made a movie about women on Wall Street. Equity stars Anna Gunn from Breaking Bad and is a tense financial thriller. Peter Travers from Rolling Stone has given it a great review. The film opens tonight in New York followed by a limited release in August and nationwide September 2nd.

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