This is our feature of the 10 most on-narrative (i.e. interconnected, highly similar) stories in financial media. It’s not a list of best articles, or articles we think are most interesting, or articles we agree with. But if you’re going to read 5-10 stories when you start your day, these are the ones that are most connected to the financial news that got published today.
The Zeitgeist | 1.17.2019
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The Daily Zeitgeist
On Christmas Day, Nashville was attacked by a suicide bomber terrorist. But not by a “Suicide Bomber”. Not by a “Terrorist”.
Why not? Because his terrorist goals didn’t fit neatly into a useful political narrative like “Antifa!” or “Proud Boys!”
Here’s what this looks like in the Narrative Machine.
Sometimes complicated is complicated because it has to be. But this nesting doll of a SPAC deal with Dyal (Neuberger Berman) IS weird and worthy of more than usual scrutiny, especially if you are an LP in one of these funds.
The Wall Street narrative machine is in overdrive to create a “Yay, Value!” rally here at year-end.
Like any effective advertising campaign, it will work. I’m not saying this rally isn’t real.
I’m saying that you should reconsider what “real” means.
Any news outlet that won’t let you see a lie does not work for you.
Stimulus is dominating market news, and even with an election coming up is playing an outsized role in political news. So what is the current fiscal stimulus really about?
Maybe more importantly, what is it absolutely, definitely NOT about?
Once Daryl Morey’s new idea became the common knowledge of the NBA – once everyone knows that everyone knows that the way to win NBA games is to maximize 3-point shots and lay-ups – then it became a permanent feature of the way professional basketball is played. It became an equilibrium.
It’s exactly the same with politics.
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