On Tilt

Every morning, we run The Narrative Machine on the past 24 hours worth of financial media to find the most on-narrative (i.e. interconnected and central) stories in financial media. It’s not a list of best articles or articles we think are most interesting … often far from it.

But for whatever reason these are articles that are representative of some sort of chord that has been struck in Narrative-world.


Trump says U.S. to impose 5 percent tariff on all Mexican goods [NBC News]

President Donald Trump said Thursday night that the United States would impose a 5 percent tariff on all Mexican goods starting next month, saying the sweeping tariffs would rise monthly to as high as 25 percent “until Mexico substantially stops the illegal inflow of aliens coming through its territory.”

In a statement, the White House said the new tariffs would go into effect on June 10 and would rise by 5 percentage points every month — to 10 percent on July 1, 15 percent on Aug. 1 and so on — until they hit 25 percent on Oct. 1.

Yep, it’s our Carny-Barker-in-Chief.

It’s like he’s a drunk dentist in Vegas for a convention, sitting down at the poker table and getting bored after three hands. So he decides that he can “impose his will” on the table by opening up out of position with rags and making a continuation bet all the way through the river. Like everyone else at the table doesn’t see him for EXACTLY who he is.

What a colossal embarrassment.


Comments

  1. Avatar for Kpaz Kpaz says:

    Tell me about it… “colossal” is the word. I worked and lived in Mexico for over a decade and still have a ton of friends and family there, as well as business and philanthropic dealings. The Mexicans are perplexed. The question being how can the people of the USA not see what they see. I never know what to say.

Continue the discussion at the Epsilon Theory Forum

Participants

Avatar for bhunt Avatar for Kpaz

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 Zeitgeist – 4.29.2019

By Ben Hunt | April 29, 2019 | 5 Comments

Our lead article today is about Uber (driving-as-a-service) and Amazon (shopping-as-a-service). It’s the triumph of on-demand everything, that makes both production and consumption an experience.

What do you get out experiential consumption and production?

You get to hold up a card that says, “Yay, swineherding!”

The Zeitgeist Weekend Edition – 4.27.2019

By Rusty Guinn | April 27, 2019 | 2 Comments

It’s the Weekend Zeitgeist, which means we leave the world of finance behind us to delve into bipartisan distrust of government, local opinion writers’ opinions on packaging materials, Yoopers, F-35 sales to completely trustworthy foreign partners, Fiat Features and the worst thing I ever saw.

The Zeitgeist – 4.26.2019

By Ben Hunt | April 26, 2019 | 2 Comments

Yeah, we’re at that point in the cycle where you will be told about all the wonderful opportunities provided by levered private REITS. 

For your IRA.

Because of all this craaaazy volatility in the stock market.

That and the President’s Cheif Economic Advisur tells us why “Dow 36,000” is just the tip of the iceberg.

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.