Is S&T a better career than IB? Trump repeals VOLCKER and dodd-frank?
https://www.atr.org/financial-choice-act-repeals-…
Looks like trump will be repealing Dodd-frank and also the Volckers, which prevents banks from trading with their own money (prop trading). Is this a good time to be in S&T than Ibanking? Given that pre-2008, trading made up most of the revenue of BB's, will we be returning to that era in the next few years?
Automation will screw traders more than the Volker rule
You will still need people to program computers for automation.
Those fancy neural networks and do-thingy machine learning computers are gonna take all the finance jobs!
death to AI
LOL, I guess AI will take all jobs eventually.
DEY TERK ER JERBS!!
Yeah and those people will be programmers not traders
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