It's 2024. A record number of people are heading to the polls this year in more than fifty countries. And yet, according to Reuters Do 2024 Digital news report, a record number of people are actively avoiding the news. What does this tell us? It tells us that we have a problem. People need something that they can turn to when they feel overwhelmed or exhausted by the news.
Perhaps they're tired of being tricked into reading or watching.
With every story "optimized" to tease its dire implications, people get nostradamus-fatigue syndrome.
News used to be a tool to let people spend a little time finding out what's going on before they went back to their regular lives.
But with 24/7 coverage of everything everywhere all at once, news has just become another form of entertainment. It's like a combination "reality show/soap opera" for a post-literate America and world.
In case you missed it, our CIO, Kara Murphy, CFA, joined Bloomberg Surveillance Radio hosts Tom Keene and Paul Sweeney yesterday to discuss the potential upside in a concentrated market and insights into positioning your portfolio in an election year.
Check out the full clip below 👇
Jan 3: My TV hit on why markets aren't pricing in the combination of the highest geopolitical risk and US political risk in 50 years - and why it's foundational risk for markets, not peripheral; why the US isn't ready to be the 'arsenal of democracy' and not emotionally ready to shoulder the load; and upcoming markets jitters thanks to the Taiwan election and Iowa caucuses.
Today's Surveillance newsletter excerpt: "Pangaea Policy’s Terry Haines said the convergence of the wars in Ukraine and Gaza, fresh tension with China over Taiwan and a US presidential election may be testing investors’ ability to properly weigh nonfinancial risks. Markets have been so used to for so many years — 50 years, 60 years or more — the idea that there’s going to be relatively stable US politics and there’s going to be relatively stable geopolitics that they have forgotten or never experienced a time when neither or or both of those was true,”
Starts at 17 minutes in. Many thanks to the entire @bsurveillance team for having me on, including Tom Keene, Lisa Abramowicz, and Jonathan Ferro
Primary credit markets update constantly. Do you have an API that captures new issues?
Here's how to use PREL on the Bloomberg Terminal.
#BloombergProTips#CreditMarkets
Primary credit markets update constantly. Do you have an API that captures new issues?
Here's how to use PREL on the Bloomberg Terminal.
#BloombergProTips#CreditMarkets
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Primary credit markets update constantly. Do you have an API that captures new issues?
Here's how to use PREL on the Bloomberg Terminal.
#BloombergProTips#CreditMarkets
Freelance Editorial Tool Designer
3moPerhaps they're tired of being tricked into reading or watching. With every story "optimized" to tease its dire implications, people get nostradamus-fatigue syndrome. News used to be a tool to let people spend a little time finding out what's going on before they went back to their regular lives. But with 24/7 coverage of everything everywhere all at once, news has just become another form of entertainment. It's like a combination "reality show/soap opera" for a post-literate America and world.