Fear Factor


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Yeah, yeah … I know that the Deep State is a powerful adversary. Or at least that’s what my MAGA buddies on twitter keep shouting at me.

But I’ll take the Deep State as an enemy any day compared to Steve Schwarzman and the rest of the Private Equity Tong looking to keep their carried interest tax treatment.

Wall Street is starting to take the possibility of an Elizabeth Warren presidency seriously — and strategists warn a victory could crush certain parts of the market  [Business Insider]

President Trump is still likely to win reelection “by a hair,” they added, but “investors are not appropriately weighting the likelihood of a Warren presidency.”

They may want to start paying attention, because a Warren victory — and an overall Democratic takeover of the Senate and White House — could hit the financial, health care, and energy sectors as progressive regulation hits bottom lines, the strategists said.

Apax Partners Says Warren, Ocasio-Cortez Shouldn’t Target Firm  [Bloomberg]

A spokesman for Apax Partners LLP says the private equity firm doesn’t have the kinds of investments in prison services that three progressive lawmakers are targeting in a letter they sent the company.

Wall Street Democratic donors warn the party: We’ll sit out, or back Trump, if you nominate Elizabeth Warren  [CNBC]

“You’re in a box because you’re a Democrat and you’re thinking, ‘I want to help the party, but she’s going to hurt me, so I’m going to help President Trump,’” said a senior private equity executive, who spoke on condition of anonymity in fear of retribution by party leaders.

Cramer: Wall Street executives are saying Elizabeth Warren’s 2020 bid has ‘got to be stopped’  [CNBC]

Leaders in the financial industry are really worried about the possibility of Sen. Elizabeth Warren becoming president, CNBC’s Jim Cramer said Tuesday.

CNBC’s David Faber tells Cramer that he’s hearing the same rumblings about Wall Street being fearful of a Warren presidency.

My favorite part of that last CNBC article is the bit where David Faber chirps in to say that he’s hearing the same thing.

I’ll just leave this here.

“Hey, Spike!”

In the immortal words of Bulldog Jim, “There’s always a bull market somewhere!”, and right now we are in a roaring bull market for unflattering Elizabeth Warren photos.

It’s the key to critical thought in a Fiat News world …

Why am I reading this NOW?

Welcome to The Long Now, where we must endure the constant stimulus that Management applies to our economy and the constant fear that Management applies to our politics.

Hey, we’ve only got FOUR MONTHS before the first actual vote is cast in the Democratic primary.

This is going to get SO much worse before it gets ANY better.


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Lorne Inglis
Lorne Inglis
11 months ago

So looks like Trump’s real plan is to neutralize Biden with scandal and with Bernie’s Heart it looks like he gets what he wants, he and Warren in a show down in 2020. On top of that trying to link Biden with favours from China, there is no advantage in negotiating a Tariff deal with China before the election. Looks like he may win the “Game of Chicken” at this point in time. Wow. Hate it but Wow

Rafa Mayer
Rafa Mayer
11 months ago
Reply to  Lorne Inglis

What will be interesting to watch is the effect of the Ukraine scandal on the Trump organization. With the emergence of one and possibly more whistleblowers emerging the news cycles are going to get increasingly intense. I don’t think he has an organization that is built and has trained well for this. So he is likely going to grow increasingly erratic.

Turning and turning in the widening gyre…

Barry Rose
Barry Rose
11 months ago

This has nothing to do with Trump, Biden, the Ukraine or even Elizabeth Warren. This is a wicked parody of the old 1970’s E.F. Hutton commercial: “When E.F. Hutton speaks, people listen.” In today’s political climate – When moneyed interests speak, the DNC listens. Elizabeth Warren – exit, stage right. On cue, fresh from her semi-retirement and book-signing tour, Hillary Clinton emerges for a second shot at the title. The handlers will have their way.

10 months ago

Psst Democrats — two words: Bill Weld.

So he was a Republican governor, but for Massachusetts. I remember him sitting further back in coach class than I on a return trip from AZ to MA in ’94 – while Weld was governor! He was on the Libertarian ticket in 2016 – I’d call that a feature, not a bug.

Just sayin’.

The Daily Zeitgeist

Why Am I Reading This Now?

By Ben Hunt | September 25, 2020 | 4 Comments

Yesterday, 5 GOP Senators wrote a letter to Netflix, saying that their plan to adapt Liu Cixin’s “The Three Body Problem” for TV/film amounted to “complicity” with the CCP and their horrific mistreatment of the Uyghurs.

Why am I reading this NOW?

Read more

The UNITED States of America

By Ben Hunt | September 19, 2020 | 7 Comments

My RBG story …

I thought she’d be all about women’s rights and legal theory this and legal theory that. I was SO wrong.

RBG’s death is an enormous loss for the UNITED States of America.

Read more

Many People Say

By Ben Hunt | September 16, 2020 | 26 Comments

The go-to move by sophists like Vox and Trump is to claim that “many people” are asserting their made-up premise that justifies an otherwise ludicrous position.

Why do they do this? Because it works.

Why does it work? Because common knowledge game. Because of the power of the crowd watching the crowd.

Read more

The Zeitgeist – 3.19.2019

By Rusty Guinn | March 19, 2019 | 6 Comments

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.

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The Zeitgeist – 3.18.2019

By Ben Hunt | March 18, 2019 | 1 Comment

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.

Read more

The Zeitgeist Weekend Edition – 3.16.2019

By Rusty Guinn | March 16, 2019 | 5 Comments

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.

Read more


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