The Zeitgeist – 3.20.2019

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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.


As Fed Meeting Starts, Investors Appear Confident That Dovishness Will Continue [Forbes]

Jay Powell is our generation’s Arthur Burns.

The only difference is that Nixon did all of his bullying in private, and Burns wouldn’t dream of saying out loud what Powell shouts at every press conference.

They’re not even pretending anymore.


Fight chaos with constrained discretion [Salon]

If only we could make Congress more like the Fed, with a professional mandarin class exercising “constrained discretion”, whatever the hell that means.

Originally posted at the Niskanen Center, which is … disappointing. Classic example of admiring the problem, which is what institutionalized libertarianism has been institutionalized around (and is why I have zero interest in associating with institutionalized libertarianism).


I’m Not Letting Fear Affect My Outlook On Boeing [Seeking Alpha]

So I’m not going to rip this Seeking Alpha guy like I would noted raccoon and Boeing fanboy Kevin O’Leary, who just epitomizes everything that is laughable about financial media today. But I will say this, and hopefully these words wind their way to this guy’s “Dividend Growth Club”:

The absence of short interest in a name you like is NOT a good sign. On the contrary, it is a giant red flag that you have bought into a constructed and highly managed Narrative.


Lyft IPO Oversubscribed Ahead of Listing Next Week [Bloomberg]

Dah-dah-dah-dah-dah-dah-dah-dah-dum … or however you’re supposed to represent the Deliverance dueling banjos in Act I. Squealing like a pig comes in Act II.


TD Ameritrade Increases Commitment and Grows Capabilities for Stock Plan Services Through Its New Relationship with Certent [Press Release]

I’m seeing more and more of these partner relationship stories with back-office service providers like Certent and Carta and the like. Client acquisition costs … the struggle is real.


The Art of the Buzzer Beater: Why March Madness Magic Takes More Than One Shining Moment [SI]

Nah.

The post-hoc rationalization of lottery winners is a staple of sports writing, of course, and SI and ESPN are good places to practice your critical reading skills. And practice you should. Because this sort of inanity is even more prevalent in market writing.


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Rusty Guinn
1 year ago

It is very clearly nuh-nuh-neer-neer-neer-neer-neer-neer-neeeeeer.

Victor K
Victor K
1 year ago
Reply to  Rusty Guinn

ti.do.re–ti–do–la–ti–so–laaa

Rusty Guinn
1 year ago
Reply to  Victor K

Wait, is that some harmony, or a different part? I’m humming it and lost you. Isn’t the melody mi-fa-sol-mi-fa-re-mi-do-reeee?

Victor K
Victor K
1 year ago
Reply to  Rusty Guinn

Not harmony – Transposed a fifth

The Daily Zeitgeist

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By Ben Hunt | September 25, 2020 | 4 Comments

Yesterday, 5 GOP Senators wrote a letter to Netflix, saying that their plan to adapt Liu Cixin’s “The Three Body Problem” for TV/film amounted to “complicity” with the CCP and their horrific mistreatment of the Uyghurs.

Why am I reading this NOW?

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The UNITED States of America

By Ben Hunt | September 19, 2020 | 7 Comments

My RBG story …

I thought she’d be all about women’s rights and legal theory this and legal theory that. I was SO wrong.

RBG’s death is an enormous loss for the UNITED States of America.

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Many People Say

By Ben Hunt | September 16, 2020 | 26 Comments

The go-to move by sophists like Vox and Trump is to claim that “many people” are asserting their made-up premise that justifies an otherwise ludicrous position.

Why do they do this? Because it works.

Why does it work? Because common knowledge game. Because of the power of the crowd watching the crowd.

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The Zeitgeist – 5.21.2019

By Ben Hunt | May 21, 2019 | 2 Comments

“According to the Aspen Institute, close to 6 in 10 working-age Americans do not have a retirement account. Sadly, the Aspen Institute also warns that things are likely to get worse due to the changing nature of work.”

The American worker is the proverbial boiled frog. Or Milton from Office Space. Same thing.

Read more

The Zeitgeist – 5.20.2019

By Ben Hunt | May 20, 2019 | 1 Comment

The best part of Robert Smith’s pledge to repay student loans? The pressure this puts on other billionaires when they get an invite from alma mater.

Then again, most billionaires are high-functioning sociopaths, so they truly believe that their words and moving speeches are reward enough for graduates. 

Read more

The Weekend Zeitgeist – 5.18.2019

By Rusty Guinn | May 18, 2019 | 3 Comments

It’s the Weekend Zeitgeist! In which anti-Semitism raises its ugly head (again), the iconoclasm debate joins the fray (again), we stress about the gig economy, observe a campaign that doesn’t fit the narrative, explain away funeral cost increases and finally – finally! – hear the true story of…sky penis?

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