Every now and then Hollywood makes a difference that’s bigger than Leo before and after his Oscar. Apparently, the plot and popularity of the The Big Short—the critically-acclaimed Adam-McKay directed adaptation of Michael Lewis’s book—rattled some analysts at Morgan Stanley.
The term "techno-utopian" is helpful for referring to people who believe technology alone can solve the world's problems. The term is rarely used literally. But if the financial services company Morgan Stanley is to be believed, driverless cars will literally bring about a utopian society in just over a decade.
Morgan Stanley's auto analyst Jonathan Steinmetz upgraded shares of FoMoCo stock today from "equal weight" to "overweight" — a term we've heard is good, but only when it's not from Edy's Gourmet ice cream. Steinmetz points to the automaker's liquidity and a "path to sustainable cash flow" as his reasons for upgrading…