'Big Short' investor says white-collar jobs bubble is 'bursting'

Re:'Big Short' investor says white-collar jobs bubble is 'bu... by mixmastamyk on Friday September 30, 2022 @04:12PM (#33040139)

Banks in the US are not a good example because they are several decades behind the rest of the world. I haven't stepped purposely into a bank except to open an account, in about twenty years.

Fednow should alleviate some of this.

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Re:'Big Short' investor says white-collar jobs bubble is 'bu... by atdrummond on Friday September 30, 2022 @05:36PM (#33041127)

Fednow will be great for most domestic transfers but I still expect any international ones to require either a third party service (Wise, Xoom, etc) or a call/visit to the bank.

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Re:'Big Short' investor says white-collar jobs bubble is 'bu... by ElevenLathe on Friday September 30, 2022 @06:31PM (#33041608)

Will Fednow not interoperate with SWIFT?

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Re:'Big Short' investor says white-collar jobs bubble is 'bu... by atdrummond on Saturday October 01, 2022 @03:18AM (#33044696)

It does (at least when I last looked at FedNow ISO 20022) but that still only handles things until the first out of States routing institution, which means I don’t expect personally (from my experience in the field) for wire transfers and domestic sends to exist on the entirely same rail and payment forms.

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