Recent major media stories that feel to us like they’re part of a larger Narrative campaign.
It’s an interesting period of time in the world of professional investing right now, where everyone is going through the old motions and observing the proper forms and using the words and language we’ve been using for decades, but somehow their hearts aren’t really into it.
Recent major media stories that feel to us like they’re part of a larger Narrative campaign.
Recent major media stories that feel to us like they’re part of a larger Narrative campaign.
This week we’ve got a new big note on AI, a new set of Narrative Monitors with several new signals triggered, and two new articles from the past week that bear directly on recent Pro notes. All that and I think markets are largely unchanged from their grind upwards post-banking ‘crisis’ and post-inflation/unemployment ‘events’!
The City of Man always wins.
The Visigoths always sack Rome. The Vandals always sack Hippo. Augustine always dies in the siege. Bad things always happen to good people … at scale.
Here’s how we use generative AI to flip the script.
Recent major media stories that feel to us like they’re part of a larger Narrative campaign.
Recent major media stories that feel to us like they’re part of a larger Narrative campaign.
People like to throw around the phrase “gradually, then suddenly” as a witty rejoinder to suggest a dedollarization of the world is a nonlinear process that will unfold any day now. That only sounds smart when Hemingway says it.
There is no structural dollar depreciation or dedollarization story. Global usage of the USD is stable and changes in the value of the USD are cyclical.
Assuming that Treasury and the Fed have stopped the immediate, fast-motion bank run at First Republic and created a reasonable firewall (and I think they probably have), what’s the impact of this credit freeze on the overall economy? Is this a polar vortex credit freeze that throws us into a nasty recession, or just a mild cold snap?