Google

Why Google Is Sliding

"We recently conducted checks with two leading search engine marketing (SEM) agencies/platforms, which in aggregate have visibility into ~$5 billion in annual search spending (the vast majority of which, of course, is on Google). At a high level, these early data points suggest that a slight deceleration in the y/y growth rate for search marketing spend in 2Q16 vs. 1Q16 is possible."

"The Politics Of Fairness Have Created The Economics Of Hopelessness"

"We’re following the European model which is to maintain the status quo: Don’t let competition damage or disrupt existing businesses. The politics of fairness create anti competitiveness...What we really need is the politics of hope: Let’s figure out how to make it easier to start a business."

Frontrunning: June 14

  • German 10-Year Government Bond Yields Dip Below Zero for First Time (WSJ)
  • U.K. Moves Closer to Brexit as The Sun Backs ‘Leave’ Vote (BBG)
  • Global Stock Selloff Deepens as Investors Seek Safer Assets (WSJ)
  • Futures tread lower for fourth day; Fed meet awaited (Reuters)
  • Oil falls as Brexit threat rattles markets (Reuters)

Theft Of Opportunity - The Impact Of Reg NMS On The Retail Investor

Regulation NMS made its first major impact with the introduction of “Payment For Order Flow”, which when paired with sub-penny pricing, is now directly responsible for birthing a new gold rush within the capital markets. The dawn of the High Frequency Trading (HFT) community we witness today. The result of this policy is an insurmountable, unequal, and unjust advantage for self-dealing BD’s and HFT’s, at the expense of the market’s retail level investors.

Key Events In The Coming Busy Week

This week, the market's attention will be mostly focused on this week's two key central bank meetings, namely the Fed on Wednesday and the BOJ on Thursday, although there is a full calendar of economic events also on deck.

Google Responds To Allegations Its Search Function Favors Hillary Clinton

"Over the last week we've received questions about our autocomplete feature. I wanted to take the opportunity to clarify a few things. The autocomplete algorithm is designed to avoid completing a search for a person’s name with terms that are offensive or disparaging. We made this change a while ago following feedback that Autocomplete too often predicted offensive, hurtful or inappropriate queries about people. This filter operates according to the same rules no matter who the person is."

Must See: How Google Manipulates Search Results In Favor Of Hillary Clinton

"Google has amassed far more power to control elections - indeed, to control a wide variety of opinions and beliefs - than any company in history has ever had. Google’s search algorithm can easily shift the voting preferences of undecided voters by 20 percent or more - up to 80 percent in some demographic groups - with virtually no one knowing they are being manipulated..."

Free Speech Under Attack

Speech is either free or it isn’t. One cannot have it both ways, as the EU apparatchiks apparently think. As soon as restrictions on free speech are introduced, abuse is sure to follow.