Submitted by Yves Mamou via The Gatestone Institute,
"There are today, we know, a hundred neighborhoods in France that present potential similarities with what's happened in Molenbeek." — Patrick Kanner, Minister for Urban Areas.
The Salafists, in fact, do not want to "take the power in these neighborhoods." In many, they already have it.
From our friends at Fasanara Capital we get their latest contrarian - and very bearish - Investment Outlook, which can be summarized as follows: "Reflation Phase To Be Temporary, More Downside Ahead", and which also contains four key conviction trade ideas over the next 12 months.
This is what fund manager Francesco Filia cautions about the market over the next year:
Following this weekend's leak by Greenpeace demonstrating not only that the TTIP is driven entirely by narrow corporate interests, but that Obama is openly willing to reneg on his pro-environment agenda just to pass the Transatlantic Treaty at any cost, the blowback arrived earlier today when France became the first major European nation which threatened to reject the huge free trade deal between the U.S. and the European Union, because according to AP "it's too friendly to U.S. business and probably doomed."
The full article with additional charts can be accessed here
Something’s got to give in the oil market
There has been a surprising mood change at JPM over the past 4 months: after initially changing the company's long-held view on equities, which for the first time since 2007 it is no longer holds at overweight, JPM's head equity strategist Mislav Matejka has been quite vocal on urging clients to take advantage of the current rally and sell into it. To be sure, this was surprising because whether JPM is talking its book or not, the bank stands to generate more client fees if the prevailing sentiment is one of bullish optimism rather than the opposite.