Why does it matter whether you think profit margin expansion has been driven more by globalization (Bridgewater) or financialization (Epsilon Theory)?…
You can make a lot of money collecting Golden Age comics. The Silver Age, though? Meh. The story arcs and narratives are a joke. The art is so-so at b…
Where are we in March, 2019? We're seeing a resurgence in the narrative and policies associated with a good old fashioned beggar-thy-neighbor currency…
Whether it's ITT and Hal Geneen, or Teledyne and Henry Singleton, or GE and Jeff Immelt, or Berkshire Hathaway and Warren Buffett ... at some point th…
For every historical narrative there is a counter-narrative, and every time history repeats itself, the main narrative gets weaker and the counter-nar…
Last Halloween the hipsters over at Salesforce.com turned their new San Francisco building into a giant Eye of Sauron. I keep waiting for someone to t…
Soros's Reflexivity is another name for the Common Knowledge Game, just focused on price action narratives. We see the development of just such a pric…
For the first time in weeks, the recessionary fearfest narrative is now declining, not growing. And that means Treasuries will have a really hard time…
All of the heartfelt prayers to the Fed gods went unanswered last week. Or rather, the answer was "No." And without a Fed backstop to US-China negotia…
The Street is beating the recession narrative drums, culminating in Friday's sharp sell-off in US markets. But there's a chance for Powell to save the…
Some of our terminology, exhibits and analyses may not be immediately intuitive. We've assembled a short guide to help you familiarize yourself with t…