Category: In Summary

A narrative backlash is developing against RIAs and other asset managers that took PPP money. Fair or not, this narrative is pure red meat for anti-W…

Can a free world survive an endemic COVID-19, where there's no vaccine but a chronic global affliction? I used to think yes. Now I think no.

I know it's forbidden to say this, but I like Woody Allen movies. If you've never seen "Everything You Always Wanted to Know About Sex* ... But Were A…

In 2008, the market came roaring back after Bear Stearns was sold for parts to Jamie Dimon. Why? Because narrative. Because with Bear's elimination, "…

We provide an update on our thinking about narrative structure as of April 7, 2020. In short, there is an emerging "we flattened the curve" narrative.…

I honestly have no idea what the world is going to look like in six months! I’m sure I’m not alone. And if you honestly have no idea what the worl…

We update our thinking based on the framework we published on 3/17, especially in two areas with active changes in narrative structure: fiscal and mon…

After a few weeks of historic market volatility, we reexamine the framework we would use to think about the implications of Covid-19 and the mitigatio…

There's a lot of first-level thinking going on, and navigating the transition from uncertain markets back to risky markets means avoiding their pitfal…

All of our thinking about CV-19 is wrong and all of our decision-making about CV-19 is wrong because we believe we’re getting “information”, whe…

Not gonna lie ... this virus got us in the first half. But if we prepare and strengthen our healthcare systems NOW, particularly in cities like Jaka…

Two narratives jumped sharply in structural attention scores over the past few months. One is something we've already written a lot about - Inflation…

The use of central banks to monetize vast new fiscal spending programs in every developed nation on Earth – under the guise of CB-financed Green Bon…

Media attention to an inflation narrative turned dramatically in December, and I see signs of it continuing to accelerate to the upside here in Januar…

Every year, I try to put together a series of notes that captures where I think we are, from both a political and investment perspective. This year, t…

We're relaunching a Debt and Credit narrative Monitor on ET Pro, as we've made some advances in formulating search queries to capture a meaningful sig…

The heart of narrative-world is quivering without a stable rhythm of beat of any sort. It's an expansion of the Silly Season I wrote about in November…

There’s something weird happening in narrative-world, and I’ve been trying to figure out what it means since we published our monthly Narrative Mo…