Spree

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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.


$108 Billion Fund Plans London, New York Hiring Spree [Bloomberg]

Australia’s largest pension fund plans to open an office in New York and expand in London as it outgrows its local market and seeks more investment opportunities overseas.

Mark Delaney, the chief investment officer of AustralianSuper Pty, said the more than A$155 billion ($108 billion) fund will have 30 employees in New York by 2022, focusing on property, infrastructure and private equity investments. Its London office, currently home to about 10 staff, will grow to around 50 by the same date, with a focus on property, infrastructure and foreign-exchange dealing, he said in an interview.

Headline writers just love a good spree. Well, I’m sure they don’t love a killing spree, per se, as headline writers are people, too. I think. But the word “spree” is so evocative in narrative-world, implying at a minimum some sort of wantonness and excess, some sort of moral bankruptcy.

The article itself is fairly humdrum. It’s another triumph of scale in the modern financial world, this time in the form of an Australian superannuation fund.

But this is where we are in 2019.

The financial services world is so threadbare … so slow-growing and right-sizing and mundane … that now it’s a “spree” to open up a New York office. With 30 people. By 2022.


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The Daily Zeitgeist

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We’re Gonna Need a Bigger Boat

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Financialization is not a mean-reverting phenomenon. It’s too good of a gravy train for Wall Street, corporate management and the White House to stop now. So they won’t. Like any self-respecting Great White shark, the Nudging State and the Nudging Oligarchy never stop swimming. They never stop eating.

Want to survive these financialized waters if you’re potential shark food? You’re gonna need a bigger boat.

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When Did You Stop Beating Your Wife?

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“De Blasio’s ‘pay parity’ hypocrisy” is a feature article in today’s NY Post, and a central article in today’s media Zeitgeist.

Dig a little deeper into the “scandal”, and you learn that the “evidence” is complete horseshit.

It’s an article specifically designed to manipulate someone like me … someone who is VERY predisposed to believe the worst about Bill de Blasio because I dislike his politics SO MUCH.

It’s a rage engagement, one of two primary forms of Fiat News used to win the Game of You.

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The Solution To The Fintech IPO Shortage

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There’s a narrative that exists in Fintech that isn’t really present in most other early stage technology businesses. It defines why they’re different, who succeeds and who fails at getting to a liquidity event and a long-term growth trajectory.

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Riding the Cyclone

By Ben Hunt | June 28, 2019 | 2 Comments

The rollercoaster nature of Bitcoin is a feature, not a bug.

The price of Bitcoin, like the price of any great work of experiential or performance art, is entirely based on narratives. The price of Bitcoin is entirely based on how these narratives make us FEEL.

Gold, too.

It’s time to see what the Narrative Machine can tell us about the stories that determine the price of Bitcoin and gold.

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Pirate Bay

By Ben Hunt | June 25, 2019 | 4 Comments

This is a flat-out damning article about Amazon, relating example after example of how the company screws over legitimate authors on their industry-dominating online bookstore by allowing (if not encouraging) counterfeit publications.

So why does it seem like I am being told how to FEEL about Amazon in this article? Why am I reading this NOW?

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