Access the Powerpoint slides of this month’s ET Pro monitors here.
Access the PDF version of the ET Pro monitor slides here.
Access the underlying Excel data here.
- No change since September: there is no Fiscal Policy, Deficit or Austerity narrative, at least as it concerns markets.
- We are still observing a rebound in sentiment to normal levels, but we think this is related to generally more positive financial markets commentary during recent (better) equity market performance.
- As with inflation, we believe that is because of narratives in political world. There, we do observe an emerging language about US debt levels, deficits and spending. It exists purely in political and wonkish debates, and has been almost completely untethered from financial markets discussion.
- Like many other categories, we think there is a powerful complacency about this issue. Recalling some of Ben’s notes this year with tongue planted firmly in cheek, “We are all MMTers now.”
Narrative Sentiment Map
Narrative Attention Map
Fiat News Index
Never Say Never to Forever Bonds [Financial Advisor]