Fear Factor

To receive a free full-text email of The Zeitgeist whenever we publish to the website, please sign up here. You’ll get two or three of these emails every week, and your email will not be shared with anyone. Ever.


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.


Comments

  1. 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

  2. Avatar for Zenzei Zenzei says:

    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…

  3. 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.

  4. 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’.

Continue the discussion at the Epsilon Theory Forum

Participants

Avatar for bhunt Avatar for Zenzei Avatar for chipperoo Avatar for lorneinglis70 Avatar for Barry.Rose

The Daily Zeitgeist

ET Zeitgeist: Raccoons Never Sleep

By Ben Hunt | May 28, 2021 | 5 Comments

Lemonade (LMND) isn’t just an insurance company. No, no … they’re an AI Company! ™.

Plus Chamath is up to his old tricks.

I hate raccoons.

Inflation as Ad Campaign

By Ben Hunt | May 24, 2021 | 0 Comments

An ET Pack member sent me this. Anyone else come across ads that directly call out inflation expectations? Would love to collect more screenshots like…

Many People Are Saying … Bitcoin is Art

By Ben Hunt | May 24, 2021 | 0 Comments

The Bitcoin Is Art thesis that I put out back in 2015 (The Effete Rebellion of Bitcoin) and recently put forward again (In Praise of…

The Game of Tesla

By Ben Hunt | September 3, 2020 | 4 Comments

Recent price action in Tesla is the Common Knowledge Game in action.

It is the power of the crowd watching the crowd. It is the power of – not what you think is true, and not what you think the crowd thinks is true – but of what the crowd thinks the crowd thinks is true.

The Cartoon Put

By Rusty Guinn | September 1, 2020 | 12 Comments

Seeing cartoons made from data doesn’t give us license to ignore the underlying feature of the world being measured – it gives us a duty to cut through the abstractions obscuring that feature of the world.

Sacrifice for Thee, Vast Wealth for Me

By Ben Hunt | August 25, 2020 | 10 Comments

Doug Parker, American Airlines CEO and Chairman of the Board, wrote a letter to his employees today that pretty much defines high-functioning sociopathy.

I’m going to reprint excerpts from that letter – which is couched in the saccharine vocabulary of modern team-speak, but is in truth a shakedown letter to employees and a ransom note to the US government – and then I’m going to tell you a few things about Doug.

DISCLOSURES
This commentary is being provided to you as general information only and should not be taken as investment advice. The opinions expressed in these materials represent the personal views of the author(s). It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. Any action that you take as a result of information contained in this document is ultimately your responsibility. Epsilon Theory will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Consult your investment advisor before making any investment decisions. It must be noted, that no one can accurately predict the future of the market with certainty or guarantee future investment performance. Past performance is not a guarantee of future results.

Statements in this communication are forward-looking statements. The forward-looking statements and other views expressed herein are as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and there is no guarantee that any predictions will come to pass. The views expressed herein are subject to change at any time, due to numerous market and other factors. Epsilon Theory disclaims any obligation to update publicly or revise any forward-looking statements or views expressed herein. This information is neither an offer to sell nor a solicitation of any offer to buy any securities. This commentary has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Epsilon Theory recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.