{
  "docId": "019dd923-622b-71dc-a6da-ec9fdcc5ff89",
  "docSlug": "c9a111b83a1b",
  "documentTitle": "AerCap Holdings (AER)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-04-07 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 14,
  "pageCount": 89,
  "prevPage": 13,
  "nextPage": 15,
  "slideType": "other",
  "function": "frame_situation",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The slide uses a political cartoon to frame a discussion on commodity market dynamics and central bank policy.",
  "elementsJson": [
    "headline_text",
    "photo",
    "paragraph"
  ],
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6da-ec9fdcc5ff89/14",
  "deckHref": "/decks/019dd923-622b-71dc-a6da-ec9fdcc5ff89",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6da-ec9fdcc5ff89.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-ec9fdcc5ff89#slide-14",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The recent fall in many commodities has surprised me. It has turned out that over several years, sharply rising commodity prices and low interest rates created a boom in investment, and excess supply in everything from iron ore to oil.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-2b66-7100-895f-1ddfd02eca44",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.28,
        "w": 0.58,
        "x": 0.21,
        "y": 0.16
      },
      "kind": "image",
      "text": "Cartoon of an oil barrel saying 'HELP! I'VE FALLEN AND I CAN'T GET UP'",
      "attrs": null,
      "subkind": "illustration",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6a7895dd-e65a-4e48-b989-02f61521bf81",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.74,
        "x": 0.13,
        "y": 0.48
      },
      "kind": "paragraph",
      "text": "When I spoke three years ago, I was also worried about how Jelly Donut policy was driving commodity price inflation. The recent fall in many commodities has surprised me. It has turned out that over several years, sharply rising commodity prices and low interest rates created a boom in investment, and excess supply in everything from iron ore to oil. Lackluster demand has failed to keep up with this growing supply and, ironically, it turns out that the loose monetary policy put in place by central bankers to fight deflation has in fact contributed to it.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ce0b490c-829a-475c-8dd2-f860f27e1124",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.48,
        "x": 0.26,
        "y": 0.1
      },
      "kind": "title",
      "text": "Commodities... boom?",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c8fbeb86-f5c1-41cf-ae94-6e1b260f6c7f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Before-After-Bridge",
      "slug": "before-after-bridge",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "a5058d65-53ab-4053-9d60-f490d7e10048",
      "evidence": "The recent fall in many commodities has surprised me. It has turned out that over several years, sharply rising commodity prices and low interest rates created a boom in investment, and excess supply in everything",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 6,
      "beatId": "dc46dc23-223a-49ca-9fe2-378f508d82be",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Complication",
      "beatSlug": "complication",
      "evidence": "Discussion of market contradictions and potential problems.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 6,
      "name": "Pattern Hunter",
      "slug": "02-pattern-hunter",
      "bestFor": "Time-pressed audiences, building consensus, when data is strong",
      "matchId": "ab236c12-a921-4fbe-816c-1c0b05669549",
      "evidence": "The presentation highlights several market contradictions.",
      "position": 0,
      "objective": "Identify patterns in market contradictions.",
      "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion",
      "confidence": 0.7,
      "description": "Group multiple pieces of evidence that together point to a pattern or conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}