It’s important to recognize that a Big Trade is a long campaign made up of dozens of Narrative battles and skirmishes. We won the first battle – and that’s great! – but now it’s on to preparing for the next.
Polls show that the majority of Americans are not happy about the choice between Joe Biden and Donald Trump that we are likely to face in the next election. In this episode, we discuss how we got to this point. We look at the embedded problems in our political system that favor incumbents and how it has led us to where we are today. We also look at the political strategy used by incumbents and how they attempt to stave off upstart candidates by altering the system itself.
Recent major media stories that feel to us like they’re part of a larger Narrative campaign.
Why did the Fed slap down Mr. Market’s expectations of massive rate cuts in 2024?
Because the most important thing for the Fed is not to be right, but to be believed.
Airbnb has reshaped how we travel and disrupted the hotel industry. But most of the stories from both guests and hosts reveal nothing but disasters. So what’s really going on? What’s the real story of Airbnb?
Recent major media stories that feel to us like they’re part of a larger Narrative campaign.
In narrative-world, we have now redefined core CPI to not only exclude food and energy prices directly, but also indirectly. If airfares went up in-line with or ‘because of’ rising fuel prices, then obviously we need to ‘adjust’ those airfare readings for a ‘true’ core CPI, right?
The ghost of Arthur Burns haunts us still.
In this episode, we take a deep dive into the tactics and tools used by upstart political entrepreneurs. Our political system is setup to heavily favor incumbents and candidates that are part of the political establishment. This presents an exceptionally difficult challenge for candidates who come from outside of that system. But social media and technology have given upstart candidates more tools at their disposal than they have ever had in history. And they are using them to both gain our votes and influence our opinions. We discuss how they do that and how all of us can maintain Clear Eyes and Full Hearts in the midst of their influence.
The flow of dollars between the US and China is no longer circular, and that has enormous implications for how the US finances its budget deficits.
New from ET contributor Kevin Coldiron!
Recent major media stories that feel to us like they’re part of a larger Narrative campaign.