There's some nice graphs'n'shit though which sort of give lie to the nice tidy friendly non-threatening title "secular stagnation." it's from the same place that calls "you're getting 70 cents on the dollar on your retirement fund" a "30% haircut." So when you read this shit, keep your eye on the ball:
What an extremely sanitary way of pointing out that the 1% has all your money! But wait there's more!
That's Leonhardt for "monopolies are crushing the economy." How 'bout this one? This one's the howler:
Yep they decided that and now they're happy.
The crazy hermits over at Epsilon Theory are interesting because they're attempting to be investment consultants and they've pretty much decided that the only "alpha" (gains you make that the rest of the market doesn't - in other words, "your job as an investment consultant") left in the market is insider trading therefore it's time to howl from the mountaintops. I follow a few other guys who ostensibly make rich people richer for a living and they've basically thrown in the towel and are talking about how much to save for retirement and how shitty the scientific publishing system is and the like. But anyway one of the things the ET guys do is a zeitgeist check every week because they've basically decided that their quid subscription ought to earn its living so they're real big on the narrative machine.
And I gotta say. This looks a lot like someone trying to move the narrative away from AOC restating Marx or Elizabeth Warren calling for a breakup of Facebook, Amazon and Google.
Very interesting stuff. Tangentially related - I've always wondered how a currency with a half life would work, where the longer you sit on it the less it's worth. Would that be enough to keep currency in circulation, or would it just create an industry of individuals who just launder old money for new?