The Zeitgeist – 4.23.2019

China’s Belt and Road Initiative is back, baby! Just needed a little narrative happy face of “respect for global debt goals” and “promotion of green growth”. That plus multi-billion dollar non-recourse loans at 2% for a high-speed rail to nowhere.

Plus more on Walmart robots, ESG, and of course Free College!

Just another day of you can’t make it up, fresh from the ET Zeitgeist.

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This is Water

Time to add a fourth shift in the Zeitgeist: capitalist productivity, now 200+ years old, is becoming capitalist financialization.

Wall Street gets something to sell, management gets stock-based comp, the Fed gets a (very) grateful Wall Street, and the White House gets re-election.

What do YOU get out of financialization? You get to hold up a card that says “Yay, capitalism!”.

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The Zeitgeist – 4.10.2019

Wait … an article about Puerto Rico that’s not about tax shelters or bond defaults or crappy local government or Trump idiocy or crypto bros? … an article that’s about entrepreneurship and the sort of small businesses that are the life blood of a vibrant local economy? What the hell, New York Times?

Not to worry, though, there’s plenty of Fiat News and the usual raccoonery here in the rest of the daily Zeitgeist.

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The Zeitgeist – 4.5.2019

March wage growth came in at 3.2% today, which is being described by everyone in financial media as “muted”.

Kinda like the Disney flacks telling us that Blue Will Smith is “fine”. It’s a different genie, but still.

As the immortal line in The Outlaw Josey Wales would have it, “Don’t piss down my back and tell me it’s raining.” Just another day in the Zeitgeist.

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The Zeitgeist – 3.21.2019

“It’s a trap!” This and other evergreen memes of Fiat News, yours for the plucking in today’s Zeitgeist.

It’s not impossible for market volatility to spike massively through some deflationary shock to the financial system like a global recession or a China-driven credit crisis or an Italy-driven euro crisis. What’s impossible is TO GET PAID for taking out an insurance policy against volatility spikes from these deflationary shocks.

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