JP Morgan’s top quant warns next crisis to have flash crashes and social unrest not seen in 50 years
by stockboardasset J.P. Morgan’s top quant, Marko Kolanovic, predicts a “Great Liquidity Crisis” will hit financial markets, marked by flash crashes in stock prices and social unrest. The trillion-dollar shift to passive investments, computerized trading strategies and electronic trading desks will exacerbate sudden, severe stock drops, Kolanovic said. Central banks will be forced to make unprecedented … Read more