The Holiday Zeitgeist – 5.26.2019


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. On the weekend, we leave finance to cover the last week or so in other shifting parts of the Zeitgeist – namely, politics and culture. It’s not a list of best articles or articles we think are most interesting … often far from it.

But these are articles that have struck a chord in narrative world. 

In lieu of the usual narrative map here, a brief note to our regular Zeitgeist readers: beginning in the next week or so, you should see a site re-design that will change how you see this content:

  • We will be separating the ‘curated’ content into brief individual notes throughout the day, which will allow us to cover topics published throughout the day as opposed to just in the morning.
  • You will either be able to access Zeitgeist content by either (1) clicking The Zeitgeist in the Content menu at the top of the site, or (2) reviewing the individual inks on the “ticker tape” at the top of the home page.

It’s Not Just the Citizenship Question – the Digital Divide Could Hurt the Count of Latinos in the Census [Route Fifty]

This is about the census, but those who read our inaugural ET Election Index will recognize shared DNA with one of the most interesting narrative clusters that emerged from the early primary process: ‘this is election where Latino voting patterns are going to matter.’

I don’t have any insight into whether that is true, but we have consistently found that high attention narratives with limited coverage tend to become highly covered narratives. I feel confident saying you will read a lot more stories about this topic in the coming months.

The FDA Tells the Food Industry to Change How It Uses ‘Expiration’ Dates [Gizmodo]

The food label is a great case study in the core concepts of narrative construction. Most obviously, of course, the label is an opportunity to create and support the identity of the brand being sold. How are you being told to think about the brand?

Even the rules promulgated by the FDA for food labeling, however, railroad both food design and presentation into certain directions. We have long recognized the food pyramid, FDA guidelines and information provided on nutritional labels as a rather goofy cartoonified version of nutrition. But the target of this article is an entirely different cartoon, one I daresay it’s about time the FDA dealt with: expiry and best-by dates.

Image result for expiration label on salt

April 2020? I buy a bottle of Himalayan Salt that precipitated 600 million years ago in the late neoproterozoic in whatever part of Gondwanaland Pakistan belonged to, and of course they give me the grains that are just about to go bad!

Letter: Mink the bear isn’t the problem [Concord Monitor]

Even with the strong pull of the Zeitgeist in national media and global always-on conversations, my heart is warmed when I am reminded that there is always room for a crazy-ass letter-to-the-editor in a local paper.

You keep doing you, Mink the Bear and Mr. Williams.

The Sublime Sensation of the Swimming Hole [Smithsonian Mag]

Hamilton Pool

I suppose it shouldn’t bother me as much as it did, but I spent a good amount of time enjoying the wonder of this place. It’s called Hamilton Pool, and it’s a popular natural location about halfway between Spicewood and Dripping Springs, two of the most Texan places in Central Texas. Opie’s BBQ in Spicewood is, by the way, a criminally underrated beef enterprise worthy of visiting if you ever make it out to Hamilton Pool.

It has always been crowded, and in the last decade or two, you really had to line your car up pretty early to be assured of a good day there. But now, apparently, Hamilton Pool has to be booked online. And it’s even worse than that – apparently monopolization and resale is a thing already.

The whole idea – the very meme attached to swimming holes, at least to me – is that of a found thing. A place that only some people know about that you think you remember how to get to, and which has a rope someone attached some years ago, and it is probably still safe. It’s Holy Theatre and Rough.

I don’t have any good answers for the realities that rapidly expanding populations and broadened wealth – both good things – have forced upon our experiences with nature. There are more of us and more who can now afford to see and do these things. Commercialization and order are almost certainly the fairest ways to manage limited supply, I suppose. That doesn’t change how viscerally my brain responds to the idea of booking a reservation to Hamilton Pool, though.

The Meaning Behind the Democrats’ Infighting Regarding Impeachment [Epoch Times]

I would tell you my opinion on the political import of impeachment discussions, but I am starting to recognize that those opinions are consistent with the emerging narrative. Oh sure, I might argue that I thought them first, but there’s enough reason to doubt the provenance of my views.

What would that opinion be? What is the emerging narrative?

“Continuing to discuss impeachment is a zero upside, 100% downside political maneuver. It will fuel division and rhetoric that benefits extreme candidates – and Trump – and doing it outside of whatever is necessary to placate is a risky move.”

Yes, this particular opinion piece is written by an author from the right, but there’s a reason this ranks so high in the Zeitgeist. I’m more confident this is the narrative, and correspondingly less confident in the independence of my opinion.

What Does the Release of John Walker Lindh Mean? [New York Times]

Yeah, look, I’m all for talking about how we turn people into symbols and then talk about the symbol. That’s kind of what we do here, after all.

But just so that we are super, super clear, the person or persons who greenlighted this revisionist John Walker Lindh fanfiction at the paper of bloody record can go straight to hell.


The Daily Zeitgeist

Democracy Dies with Dancing

By Rusty Guinn | June 18, 2019 | 0 Comments

There’s a critical, indispensable feature of a free nation we call a free press. And then there’s the meme of free press!. The latter is a pure narrative construction, and a thing well supplied in the DC market.

Read more

The Not-So-Much War

By Rusty Guinn | June 17, 2019 | 0 Comments

A tug-of-war is only a tug-of-war if both sides, y’know, are capable of pulling on the rope.

Read more

Zeitgeist Narrative Map – 6.14.2019

By Rusty Guinn | June 14, 2019 | 1 Comment

1+ 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 this is the map that …

Read moreZeitgeist Narrative Map – 6.14.2019

Victims of Success

By Rusty Guinn | June 14, 2019 | 0 Comments

If you’re going to trade on story and sentiment, more power to you. But over time, the mind naturally searches for justification and credibility for continued ownership of something. Take care when you start to feel that pull.

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Live from Potemkin

By Rusty Guinn | June 14, 2019 | 0 Comments

Sometimes a news article that’s all over the map is just a badly written article. Sometimes it’s like a glitch in the matrix. I think the changing narratives and weakening common knowledge around Big Tech are causing the latter.

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The Most Valuable Commodity I Know

By Ben Hunt | June 13, 2019 | 0 Comments

What’s the most valuable commodity Gordon Gekko knows? Information.

How valuable is Wall Street research? How much information does Wall Street research have? LOL.

MIFID II is making the jump from Europe to the US. Time to polish those sell-side research resumes. As if you weren’t already.

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Mark Kahn
Mark Kahn

Away from the few items where expiration dates seem to reasonably align to that food’s expiration, expiration dates are like Chinese economic statistics: They are widely inaccurate as a measure of what they purport to measure, but they do tell us something about something, but I’m not always sure what.

michael gjerde
michael gjerde

I would bet (and I am a betting man) that the FDA article had very few links to today’s narrative…you chose it solely for the opportunity to be truly snarky (and funny) about the expiration date of Himalayan sea salt! Thanks, it made my day, Oh, I will miss your daily zeitgeist email as it was a wonderful breakfast ritual here on the west coast.


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