Just in the past week, a new viral thread in Narrative-world to support the ‘unmoored long-dated rates’ trade.
TRIGGER WARNING:
This note will make many readers anxious and angry, because you have been told by the political entrepreneurs of your tribe that neither Oliver Anthony nor Greta Thunberg is ‘political’ at all, and that anyone who says otherwise is a bad person.
The political entrepreneurs of your tribe are lying to you.
Awareness of narrative is a necessary tool for the politically engaged citizen.
Up to a point.
If obliviousness to narrative is the easiest way to shut off our brains, narrative derangement syndrome is a close second. The citizen must be vigilant against both.
Recent major media stories that feel to us like they’re part of a larger Narrative campaign.
The recession-is-coming narrative is dead and the inflation-is-over narrative is dominant, making the Fed’s job that much harder and making resurgent inflation that much more likely.
Now about those 10-yr Treasury yields …
Recent major media stories that feel to us like they’re part of a larger Narrative campaign.
We’re reconfiguring the entire ET Pro service to support our Big Idea for 2023: long-dated interest rates are coming unmoored, meaning that 10-year+ Treasury yields and mortgage rates are poised not only to go significantly higher, but to do so in a sharp, punctuated and painful fashion.
This is not a note about Mike Pence.
This is a note about language.
This is a note about how viral words of *therapy* have infected blue tribe brains and viral words of *war and conflict* have infected red tribe brains, words that change the way we see the world and speak to the world. Words that change the way we THINK.
Harper and Ben finally get a chance to talk about the Wizard of Oz and the not so wonderful behind the scenes production. Of course this was par for the course in the Golden Age of Hollywood as the studio star making system controlled everything. And we do mean everything.
A beautiful note by musician/composer Scott Bradlee, of Postmodern Jukebox fame, on the permanence and power of art.
Mythology IS the song.
What will your verse be?