Yesterday, when reading the latest note by JPM's "Gandalf" head quant Marko Kolanovic, we noted something strange: for the first time we observed a JPM quant not only commenting on such sensitive topics as social fairness, but daring to challenge the oligarch orthodoxy implying that Buffett is wrong that "the babies being born in America today are the luckiest crop in history."
This is what he said:
It was just seven weeks ago when we said the following about Donald Trump and Europe’s increasingly intractable migrant crisis: “Europe’s worsening refugee crisis is in many ways the best thing that could have happened to Donald Trump’s Presidential campaign.”
One of the core aspects of mainstream financial media in general, and outlets like CNBC in particular, more so even than their chronic permabullish bias, is the seemingly endless gallery of "experts", "pundits", and other talking heads whose only requirement is wearing a business suit (in some very notable exemptions) who show up on TV, offer trade advice and recommendations - while either pitching their own trading services or hoping to offload their own existing positions - and if (or rather when) said advice leads to material losses are not heard from again until a certain period of tim
In a nation as 'distracted' as America where virtual relationships seem more popular than real ones, it appears different states 'attention' is drawn to very different methods of entertainment.
In 30 states in the West, Midwest and East, "lesbian" was on top as the most commonly searched term. And the term was most popular in California where there were 187,000 searches for the word in January.
Submitted by Nick Bernabe via TheAntiMedia.org,
The Mexican drug cartels are finally meeting their match as a wave of cannabis legalization efforts drastically reshapes the drug trafficking landscape in the United States. It turns out that as states legalize cannabis use and cultivation, the volume of weed brought across the border by Mexican drug cartels dramatically decreases — and is putting a dent in their cash flow.