ET Pro European Financial System Monitor

Wall Street’s Not-So-Golden Rule

By Ben Hunt | April 21, 2025 | 24 Comments

We are in the early stages of a bank run on the United States and the US dollar, and everyone on Wall Street is heading for the exits, including domestic investors who will exit not because they want to but because they know the Not-So-Golden Rule.

We’ve Tried Nothing and We’re All Out of Ideas

By Rusty Guinn | April 18, 2025 | 18 Comments

When you’re defending the indefensible, you have to create a symbol powerful enough to keep the masses in line.

“I voted for this” is one of the few capable of sustaining support for policy this extreme.

This Is the Business We Have Chosen

By Ben Hunt | April 18, 2025 | 0 Comments

I think that no matter what happens in the US-China trade war, the professional investment and allocation world no longer trusts the global prime broker functions of the US government.

Capital Flight Narratives

By Ben Hunt | April 17, 2025 | 0 Comments

I know it feels like everyone in our world is talking about capital flight out of the US, and our gut reaction (or at least my gut reaction) is to fade that sort of professional, inside baseball Narrative consensus. But I think that reversion approach is a mistake here. Common Knowledge on the repatriation trade still hasn’t cracked.

ET Professional Webinar Replay – What Happens When the US is Just Another Country? (April 11, 2025)

By Harper Hunt | April 16, 2025 | 0 Comments

Our technology shows two narratives — “Foreign Investors Repatriating Capital” and “Investors see Gold as Better Alternative to UST” — exploding in financial media density over the past eight weeks. We’re not far from a fundamental shift in market common knowledge regarding US home bias and USD bias, with potential tectonic shifts in longstanding asset correlations and allocation models. In this webinar we’ll discuss a model portfolio to respond to this profound shift in power, narrative and behavior.

The Intentional Investor #27: Daryl Fairweather

By Harper Hunt | April 16, 2025 | 0 Comments

Join Matt Zeigler on The Intentional Investor podcast as he interviews Daryl Fairweather, Chief Economist at Redfin and author of the new book “Hate the Game: Economic Cheat Codes for Life, Love, and Work.” In this engaging conversation, Daryl shares her journey from MIT to the University of Chicago, her experiences navigating corporate America, and how she applies economic principles to everyday life decisions. With her unique background spanning academia, tech, and real estate, Daryl offers fascinating insights on using economic frameworks to understand human behavior and make better decisions.

Scoreboard

By Rusty Guinn | April 15, 2025 | 7 Comments

We live in a world awash with narrative.

It’s worth celebrating those rare moments where a man gets to thumb his nose at those narratives, point to the sky, and say “Scoreboard.”

Epsilon Theory Professional Storyboards

By Ben Hunt | April 11, 2025 | 0 Comments

Storyboards are an Epsilon Theory exclusive research product where we go beyond sentiment to explore the meaning of the stories being told about markets, events,…

I Broke the Dam

By Rusty Guinn | April 10, 2025 | 7 Comments

Some want us to believe that the narratives that shape belief are universally promoted from the top down.

That hasn’t been true for a long time.

Crashing the Car of Pax Americana

By Ben Hunt | April 7, 2025 | 85 Comments

I am desperately opposed to crashing the Pax Americana car, Annie Hall style, because the America First system that this Administration wants as a replacement is not a stable system that is possible as a replacement.