The Zeitgeist

The UNITED States of America

By Ben Hunt | September 19, 2020

Many People Say

By Ben Hunt | September 16, 2020

Invisible Threads: Matrix Edition

By Ben Hunt | September 9, 2020

A Society of Tinkerers

By Luis Perez-Breva | September 4, 2020

The Game of Tesla

By Ben Hunt | September 3, 2020

The Cartoon Put

By Rusty Guinn | September 1, 2020

Cheesing

By Rusty Guinn | August 26, 2020

Sacrifice for Thee, Vast Wealth for Me

By Ben Hunt | August 25, 2020

The Fujiwhara Effect

By Rusty Guinn | August 22, 2020

Carny Barkers

By Ben Hunt | August 13, 2020

Can’t Fight This Feeling

By Rusty Guinn | August 12, 2020

Get Me Tools and a Beer!

By Rusty Guinn | August 10, 2020

Deep Sociopathy

By Ben Hunt | August 6, 2020

The Mountain and the Molehill

By Rusty Guinn | August 4, 2020

That’s the Thing I’m Sensitive About!

By Rusty Guinn | July 29, 2020

Lucifer’s Hammer

By Ben Hunt | August 31, 2020 | 40

There’s a comet speeding our way, a comet of endemic urban violence.

And for so many people – especially young men with the voice of Ego now shouting in their heads as the whispers are turned up to 11 by the amps of political party and social media – they think that post-apocalyptic world sounds just dandy.

Read more

Mailbag – Lucifer’s Hammer Edition

By Ben Hunt | September 11, 2020 | 8

It’s been a full year since I wrote my last Mailbag note, which is kinda pathetic.

Well, better late than never. Reader comments and emails following our publication of Lucifer’s Hammer have been amazing, and it would be a disservice to the Pack if I didn’t collect some of them here. Enjoy!

Read more

The Projection Racket (Part 1)

By Rusty Guinn | September 14, 2020 | 22 Comments

Some of us are uncomfortable with BITFD, and that’s OK. Small-c conservatives should be uncomfortable. Small-l liberals should be uncomfortable.

They should also get on board.

This is a series about why.

Read more

Facebook Delenda Est

By Ben Hunt | August 20, 2020 | 43

More than any other company, Facebook is undermining our democracy and our most integral political rights.

More than any other company, Facebook has bought and paid for political cover at the highest levels of American, Indian and European government, political cover that prevents any of the actions we might take as a society to rid ourselves of this cancer.

Facebook delenda est.

Read more

“Rebalance Timing Luck: The Dumb (Timing) Luck of Smart Beta” by Hoffstein, Faber and Braun

By Academic Research Author | August 17, 2020 | 0

Hoffstein, Faber and Braun construct long-only indices that provide exposures to popular U.S. equity factors (value, size, momentum, quality, and low volatility) and vary their rebalance schedules to isolate the effects of “rebalance timing luck.”

Their results suggest substantial problems for analyzing any investment when the strategy, its peer group, or its benchmark is susceptible to performance impacts driven by the choice of rebalance schedule.

Read more

The Grifters, Chapter 2 – N95 Masks

By Ben Hunt | August 11, 2020 | 10

I don’t think I have the words to communicate just how screwed up our PPE distribution system is in this country, or what a profound betrayal it is for our government to support this perverse system of personal greed and corporate ambivalence in exchange for campaign soundbites and photo ops.

But I’m gonna try.

Read more

The Grifters, chapter 1 – Kodak

By Ben Hunt | July 30, 2020 | 15

We’ve been assaulted by three brutal grifts in just the past week … three smacks from Bobo and his bag of oranges … each deserving of an Epsilon Theory note.

Here’s chapter 1 – the ludicrous crony capitalism of the US government giving Kodak $765 million for “pharmaceutical supply production”.

Read more

The Stupid War

By Rusty Guinn | July 19, 2020 | 24

The war over reopening schools is a proxy war.

The real war is between political parties, but they’ve set up the fight as teachers on one side vs. parents on the other.

This is not our war. This is THEIR war.

How to stop it? We refuse to fight.

Read more

We the People? We the Pack.

By Ben Hunt | July 14, 2020 | 21

I still believe this will be our finest hour.

Not of the America that was. But of the America that can be.

As the creeper that girdles the tree trunk, the law runneth forward and back;

For the strength of the pack is the wolf, and the strength of the wolf is the pack.

Read more

Harper's Corner

Barbados is looking to officially remove Queen Elizabeth II as the head of state. Did the drive in movies not win them over?

ET Twitter Feed

Wow, China just seized a US company's local assets in China, gave it to a senior party official, and the whole thing was done in exchange for a $5bn bribe to a charity associated with the party apparatus.

Oh wait, no, got America and China confused in that sentence right there

Finally! A Saturday night for @vidamixta and me to watch one of her fave 90s romcoms, no distractions and ... two of the dogs decide to scare a skunk, get sprayed, and come running inside. Hilarity ensues.

Load More...

ET Poll

Search and Discovery

Archive Spotlight

Even When I Lie

November 28, 2018

The way I see it, there are three reasons a person becomes a liar: he believes that he must, he believes that he may, or he believes it serves a Greater Truth.

Read more

ET Live!

ET Live! – 9.15.2020

September 15, 2020

In today’s episode, it’s all about BITFD and the almost hilarious extremes to which the Long Now has infected our financial world. Don’t forget to refresh your browser if your video doesn’t start promptly after 2:00 PM ET.