United States

Submitted by Eugen von Bohm-Bawerk via Bawerk.net,

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:

Amid growing tensions in the Korean peninsula, over 2,000 US troops have arrived in South Korea to take part in a joint military exercise. The joint US-South Korean exercises will be largest military drills to be staged on the Korean Peninsula and are both a warning to Pyongyang as well as an effort to reassure the ‘jittery public‘ in the South. Following recent UN sanctions and citing growing enemy threats, the North Korean leader Kim Jong-un ordered his military forces to prepare for using nuclear weapons.

It never ceases to amaze (and amuse) us how much time big bank "economists" and "strategists" spend on Zero Hedge - even though we have never compensated said banks either directly or with soft dollars - instead of doing research, or spending time with their paying clients.

Just one week ago, it was CitiFX's Brent Donnelly who was "critical" why the financial media, supposedly, "highlights bearish stories" (perhaps has has missed the past 8 years of CNBC "reporting"... we don't know). This is what he said:

Give the people what they want

 

The U.S. Census Bureau recently released its data on U.S. trade in goods by selected countries and world region for 2015. HowMuch.net built three maps to provide a proportional visualization of the trade that occurs between the U.S. and other countries.