Hospitality

Denial is not just a river in Egypt...

Source: ComicallyIncorrect.com

A flock of stoned sheep went on a “psychotic rampage” over the New Year after eating cannabis dumbed in a village in Wales. According to locals from the Welsh village of Rhydypandy in Swansea, the sheep were spotted roaming around the streets and randomly breaking into people’s homes. County councillor Ioan Richard told reporters that sheep were “getting in people’s gardens and one even entered a bungalow and left a mess in the bedroom”.

While everyone in the world appears convinced that (and positioned for) bond yields go higher, stocks go higher, gold goes lower, and risk has been vanquished, UBS notes that the world's largest, most active overweight crowded trade is in Amazon.com stock (followed cloesly by UnitedHealth.

At 175x P/E what could go wrong?

Notably, while Amazon is the most crowded long in the developed markets, Alibaba is the most over-crowded in global emerging markets...

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Here’s your “it’s hard to believe, but true” article of the day.

Reason reports:

Lawmakers in Montreal have moved to crack down on new restaurants, in an odious attempt to protect existing ones.

 

“Montreal has one of the highest restaurant per-capita ratios in North America and the amount of places to eat is worrying local politicians,” reads a Canadian Press piece from earlier this week.

 

A new study just released from Public Health England concludes that 4 out of 5 Brits between the ages of 40 - 60 are fat, lazy and/or alcoholics, characteristics which the study shockingly found to be having an adverse effect on the group's long-term health.