JPMorgan Asset Management strategist Michael Cembalest had previously predicted that President Joe Biden would drop out from this year’s presidential race in his list of “top 10 possible surprises for 2024” published in the company’s Jan. 1 “Eye on the Market Outlook” report.
Why are finance people 𝔱𝔥𝔢 𝔢𝔵𝔭𝔢𝔯𝔱𝔰 on everything from civil planning to military strategy?
Capitalism is inherently authoritarian so the people with anything resembling financial information are treated oracles by people who only care about economic bottom lines. Profit prophets, as it were.