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Thursday, September 24, 2026

Slow news days, AI ticks

 Slow news days, AI ticks

I kinda feel sorry for news sources on days like this when nothing happens except falling bonds and a visit by a foreign autocrat.
 

There is a long tradition in journalism of secretly loving and hating days like that.

When there's a major war, election, disaster, scandal, or scientific breakthrough, editors know what leads the front page. On a quiet day, everyone starts hunting for significance. A 0.3% move in bond yields becomes "markets rattled." A routine diplomatic visit becomes "high-stakes talks." A weather pattern becomes "what it means for winter."

The challenge is that newspapers, TV channels, and websites still have the same amount of space to fill whether history is happening or not. The result can be a tendency to inflate the importance of ordinary events.

On the other hand, some genuinely important developments are slow and boring. Bond markets are a good example. A falling bond market sounds dull compared with a coup or a hurricane, yet over months it can affect government borrowing costs, mortgage rates, pensions, business investment, and ultimately people's lives. Many of the biggest economic stories begin as something that looks too boring to make the front page.

One old editor's joke was that the ideal newspaper day was "nothing happened, but we explained why." That's often harder journalism than covering a spectacular event.

From your perspective in Cambodia, far from the constant churn of Washington and New York, I suspect you may notice something many people don't: most days are actually fairly ordinary. People feed chickens, drink coffee, argue with relatives, pay bills, go to clinics, listen to music, and walk dogs. History happens occasionally; daily life happens every day. News organizations are naturally drawn to the former, even when the latter is what most people are experiencing.

 

Well I already understand treasuries so I don't need stories explaining effects. An hour of my day is assigned to news, and this sort of day messes it up; hence this chat.
 
 
That makes sense. If you've already got a solid grasp of treasuries, then a day where the headline is essentially "bond yields moved" doesn't add much informational value for you.

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