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.
April 10, 2019 Narrative Map – US Equities
Wait … an article about Puerto Rico that’s not about tax shelters or bond defaults or crappy local government or Trump idiocy or crypto bros? … an article that’s about entrepreneurship and the sort of small businesses that are the life blood of a vibrant local economy? What the hell, New York Times?
Also, thank you.
Forget real estate – ‘art flipping’ is the latest way rich millennials are building wealth, and it’s an investment baby boomers largely ignored [Business Insider]
The most interesting part of this utterly non-interesting filler article, the type of article that makes me yearn for a Forbes.com “contributor” story where I can at least belittle the author, is the use of the word “millennial”.
I counted 24.
The separate hyperlink to “rich millennials” as opposed to just plain old “millennials” gives it away. These are invitations for rage engagement, where readers who just can’t wait to mock “rich millennials” go for a quickie.
It’s all part of the Game of You.
PagerDuty seeks $1.69 billion valuation in its upcoming IPO and raises its price range, even as Lyft falters on the public markets [Business Insider]
Another gem from BI today … these mythical “concerns” that Lyft might just “bring the whole market down” is a classic example of how financial media intentionally builds a wall of worry in order to create a “problem” that can be “solved”.
The actual article here is pretty boring … all about how Walmart is rolling out 900 giant robots to mop the floors at facilities … so I thought I’d use this space to celebrate Mr. Handy from Fallout, a boon companion if there ever was one.
My strong sense is that Rusty plays a cooperative game of Fallout 4. You know … building workshops, protecting the good folk of settlements throughout the Commonwealth, joining the Minutemen … that kind of stuff.
Not me. Some men just want to watch the world burn.
The Deadbeat Billionaire: The Inside Story Of How West Virginia Gov. Jim Justice Ducks Taxes And Slow-Pays His Bills [Forbes]
As Above, So Below
That’s the tag line for the Epsilon Theory note that’s a manifesto for my life as a citizen – Things Fall Apart (Part 3) – Politics. Here’s the money quote.
“As Above, So Below” means that our social lives are organized as a fractal, that when there is disorder in the heavens or the seats of worldly power, so is there disorder in our communities, our families, and our personal lives. It means that when Pharaoh hardens his heart, whether he lives in a marble palace on the Nile or a white house on the Potomac, so do OUR hearts harden, as well.
It means that the Widening Gyre, which we can see represented most clearly on a national scale and in national elections, is no less potent and no less present in our everyday lives. It means that Things Fall Apart in ways both large and small. Always and in all ways.
How does Trump break us?
By emboldening human Grendels like freakin’ Jim Justice to crawl out from their Oligarch caves.
They’re everywhere now, at every level of social organization. They walk among us openly and celebratedly. As if they own the place.
Which they will if we let them.
Beowulf’s secret? A strong right arm is a good start, but it’s Clear Eyes and a full heart for the win.
And one more thing …
This is a great article by Chris Helman (@chrishelman), and it frankly makes me even angrier at Forbes for publishing their “contributor” and “brand partner” drivel so hard, because it detracts from the truly original work that professionals like Chris create for Forbes. Thanks for writing with clear eyes and a full heart, Chris!