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I, Nazgûl

By Rusty Guinn | 10 Comments

Being clear-eyed and full-hearted doesn’t mean being passive, weak, or silent.

It means resisting every effort to supplant our autonomy of mind with symbols of identity, no matter the source.

Apocalypse Always

By Rusty Guinn | 10 Comments

Extreme language during election season isn’t anything new.

But this time it really is different. Our response must be different, too.

Donald Trump and the Common Knowledge Game

By Ben Hunt | 34 Comments

The question is not whether Trump will accept the election result if he loses. He won’t.

The question is whether a Missionary with actual power will join him.

Virtue Signaling, or … Why Clinton is in Trouble

By Ben Hunt | 19 Comments

Don’t get me wrong. I’m thoroughly despondent about the calcification, mendacity, and venal corruption that I think four years of Clinton™ will impose. Trump, on the other hand … I think he breaks us. Maybe he already has. He breaks us because he transforms every game we play as a country — from our domestic social games to our international security games — from a Coordination Game to a Competition Game.

Men of God in the City of Man is a nine part series about a narrative virus that infected the charismatic and Pentecostal churches in the United States. It isn't a story about Christian Nationalism. It isn't a story about January 6th. It isn't a story about why people voted for Trump. It is a story about a story. It is a story about the language that created a self-sustaining movement defined by its unwavering belief in a fundamentally corrupt electoral system.

Recent Notes

The Zeitgeist – 4.15.2019

By Rusty Guinn | April 15, 2019

It’s the Monday Zeitgeist, where we keep the Star Wars image streak alive at 2, celebrate the return of a beloved phrase, laud the arrival of a very dumb phrase, listen to political predictions from economists, and hear a political proposal from a journalist.

The Zeitgeist Weekend Edition – 4.13.2019

By Rusty Guinn | April 13, 2019

It’s the Weekend Zeitgeist, where we try to forget about markets for a day or two to see what matters in the rest of the world. This week, it’s robots, the 1980s, self-made men, Star Wars (more than an ACTUAL black hole), Moroccan exceptionalism and the Power of Google.

The Zeitgeist – 4.12.2019

By Ben Hunt | April 12, 2019

My father owned a red Corvair almost exactly like this one. He loved that car. Almost died in it, too, when he was t-boned at an intersection on his way to work in Bessemer, Alabama. That was in 1966. I was two years old.

The Boeing 737 MAX is our generation’s Chevy Corvair.

Unsafe At Any Speed.

Strange Bedfellows and Proxy Wars

By Rusty Guinn | April 12, 2019

The arrest of Julian Assange presents one of the most fascinating, explainer-laden, Fiat News-driven narrative maps we have seen. Tread carefully in taking what you read about this one at face value, friends.

Gravity

By Rusty Guinn | April 11, 2019

The gravity of political polarization is real, and the mass which lies at the base of its well are narratives of existential risk.

Dick Fuld

The Zeitgeist – 4.11.2019

By Ben Hunt | April 11, 2019

Today in the Zeitgeist, an HBR article about the “mourning patterns” of Lehman employees. Color me triggered.

If you don’t know what Repo 105 was, you should. If you do know what Repo 105 was, you should find someone who doesn’t and tell them about it.

The Zeitgeist – 4.10.2019

By Ben Hunt | April 10, 2019

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?

Not to worry, though, there’s plenty of Fiat News and the usual raccoonery here in the rest of the daily Zeitgeist.

The Zeitgeist – 4.9.2019

By Ben Hunt | April 9, 2019

What fresh hell is this?

I know it’s originally a Dorothy Parker line, but Scream Queens made it their own. And it’s the only possible response to Forbes Brandvoice, where you, too, can “be an editor for your brand on Forbes.com”.

Just another day of fresh hell in narrative-world, here on the Daily Zeitgeist.

The Zeitgeist – 4.8.2019

By Rusty Guinn | April 8, 2019

Today’s Monday Zeitgeist is all about book report analyses, central bank common knowledge, a new form of home finance in which you make principal payments over time, multi-level-marketing surprises again, and believability.

The Love/Hate Cartoon

By Rusty Guinn | April 7, 2019

When it comes to telling us how ‘the smart money’ and ‘the dumb money’ are playing it, there’s always someone who will tell us it’s Duck Season, and someone who will tell us it’s Rabbit Season. The reality is that it’s always Elmer Season. You and me? We’re Elmer in this cartoon.

The Weekend Zeitgeist (3.31 – 4.6.2019)

By Rusty Guinn | April 6, 2019

It’s the weekend, which means it’s a (mostly) finance-free zone on The Zeitgeist. This week-in-review gives us a glimpse into purchases of fine art, the comedic stylings of David Brooks, the continued relevance of Marvin Gaye, a marketing word salad and a solemn hymn to solemn hymns.

The Zeitgeist – 4.5.2019

By Ben Hunt | April 5, 2019

March wage growth came in at 3.2% today, which is being described by everyone in financial media as “muted”.

Kinda like the Disney flacks telling us that Blue Will Smith is “fine”. It’s a different genie, but still.

As the immortal line in The Outlaw Josey Wales would have it, “Don’t piss down my back and tell me it’s raining.” Just another day in the Zeitgeist.

The Zeitgeist – 4.4.2019

By Ben Hunt | April 4, 2019

Jeff Skilling is back, baby!

And that takes me back 30+ years, when a kid fresh out of college had a ticket to Houston Hobby airport and an offer letter from McKinsey.

Our lives are defined by the roads we avoid as much as by the roads we take. And more often than not, sheer blind luck is responsible for the difference.

The Zeitgeist – 4.3.2019

By Ben Hunt | April 3, 2019

In which Fiddy does his part to jumpstart the Connecticut economy, Kendall Jenner shows us the way, and Chrissy Teigen shares the stage with … Jay Powell?

It’s all the news that’s fit to Nudge, here in the Daily Zeitgeist.

First World Problems in Fund Management

By Rusty Guinn | April 3, 2019

An interesting question with a straightforward answer. Put simply, if a fund manager tells you they’re selling, ignore the reason they give and replace it with “Big founder wants liquidity.”

Office Hours – 4.2.2019

By Rusty Guinn | April 2, 2019

Welcome! A few reminders as usual: We begin pretty promptly at 2PM. If you don’t see the video by 2:01 PM ET, try reloading the…

The Zeitgeist – 4.2.2019

By Ben Hunt | April 2, 2019

Maya Angelou not only knew what made the caged bird sing, but also what makes Fiat News tick.

People will forget what you said, people will forget what you did, but people will never forget how you made them FEEL.

The Zeitgeist – 4.1.2019

By Rusty Guinn | April 1, 2019

Today’s Zeitgeist is all about trust in the trustless (ugh), hope springing eternal in Value Added, benchmarking the unbenchmarkable, Fiat News through bad Googling, and why we can’t shake fat fingers.

How to Live Safely in a Wall Street Universe

By Ben Hunt | March 31, 2019

It’s the most valuable lesson I’ve got for any smart, young Coyote embarking on a career in the Mob or in Wall Street: never ask for a cut on an existential trade idea.

Our Thing isn’t about the money. IT’S. ABOUT. THE. MONEY.

Except when it’s not.

The Weekend Zeitgeist – 3.30.2019

By Rusty Guinn | March 30, 2019

The weekend Zeitgeist, in which we are reminded that we need Silicon Valley to tell us what art is, that we need Zucker and Murdoch to tell us what news is, and opposing politicians to tell us what we should be mad about.