Every day, Epsilon Theory runs the world's financial news through natural language processing-based cluster analysis to identify the most on-narrative stories. We scan for those with the most similarity to all other stories as well as those with the most interconnectivity to multiple different key topics.
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It’s the weekend, which means it’s a (mostly) finance-free zone on The Zeitgeist. This week-in-review gives us a glimpse into purchases of fine art, the comedic stylings of David Brooks, the continued relevance of Marvin Gaye, a marketing word salad and a solemn hymn to solemn hymns.
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.
Jeff Skilling is back, baby!
And that takes me back 30+ years, when a kid fresh out of college had a ticket to Houston Hobby airport and an offer letter from McKinsey.
Our lives are defined by the roads we avoid as much as by the roads we take. And more often than not, sheer blind luck is responsible for the difference.
In which Fiddy does his part to jumpstart the Connecticut economy, Kendall Jenner shows us the way, and Chrissy Teigen shares the stage with … Jay Powell?
It’s all the news that’s fit to nudge, here in the Daily Zeitgeist.
Maya Angelou not only knew what made the caged bird sing, but also what makes Fiat News tick.
People will forget what you said, people will forget what you did, but people will never forget how you made them FEEL.
Today’s Zeitgeist is all about trust in the trustless (ugh), hope springing eternal in Value Added, benchmarking the unbenchmarkable, Fiat News through bad Googling, and why we can’t shake fat fingers.
The weekend Zeitgeist, in which we are reminded that we need Silicon Valley to tell us what art is, that we need Zucker and Murdoch to tell us what news is, and opposing politicians to tell us what we should be mad about.
Wells Fargo and Mastercard CEOs say blockchain has yet to live up to the hype, Bolsonaro has a post-election let-down in Brazil, you can increase profit margins by squeezing your suppliers, and other tales from Captain Obvious in today’s Zeitgeist.
As a recovering short seller, I have the same reaction to the activist news on Bed Bath and Beyond as I do to video of Lawrence Taylor breaking Joe Theisman’s leg … I just can’t watch. Gotta turn away.
Come to think of it, this is kinda my reaction to all financial and political news these days.
Yield curve alert! We have a BLARING SIREN that is FLASHING …
They’re coming to get you, Barbara!
The weekend Zeitgeist, in which the Gray Lady’s news coverage gets even grayer, everybody loves Beto, Rusty discovers a new Hall of Fame about which he has opinions, and abstracted thinking in cheese research.
In which we are told that China is not the AI-powered dystopia we we were looking for, we encounter the “seen to” Fiat News tell in the wild, and we take a longer look at something over the better part of…an evening?
All the Fiat News that’s fit to scrutinize.
“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.
Jay Powell channels Arthur Burns, a Fed model for congressional budget debates, and a smorgasbord of Boeing bagholder quotes. All in a day’s work for the Zeitgeist!
Today’s Zeitgeist is about tweet nudges, massive law partner payouts, a big reason for massive law partner payouts, your closet, the people who want to sell you…rope, and more.
The Lyft IPO prospectus is out today, so we’re sure to hear plenty of dueling banjos in financial media over the next few weeks and months. It was a fun vacation for Burt Reynolds and the boys at the start of that movie.
Also, more on ESG and other myths in today’s Zeitgeist.
First it’s a healthy reminder of the narrative strength of health care costs. Then it’s a brief education on the narratives of elite universities.
But mostly it’s Fiat News. Lots and lots of Fiat News.
Uncle Wilbur’s MNPI trades on his personal account may get a pass, but that darn census will be the ruin of him.
Also, announcing VaxDirectClub … the safe and cost-effective way to administer your kids’ immunizations from the convenience of your own home!
TFW a Chinese “social video and online dating specialist” called Momo just isn’t momentum-y enough for you, but the raccoon tandem of Fox Business and Motley Fool is there to help you out with “even better buys”.
Plus the Stanford shadow economy for profs, the War against Big Everything, and all the Fiat News that’s fit to read.
Honestly, you could replace 90% of the daily news with a collection of Mitch Hedberg one-liners.
“People either love me or hate me … or they think I’m okay.”
Our modern addiction? Fiat News.