Gary Carmell
As the following headline shows, interest rates fell quite sharply on Friday to current cycle lows in the wake of a very weak non-farm employment report.
One can see how inverted the 10-year Treasury note yield has become versus the 3-month T-bill yield in the following chart.
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Gary Carmell
I read a very interesting theory about Donald Trump‘s master strategy when it comes to the trade war with China. Trump believes that he can win a trade war, but he can’t do it alone. He sees that the Chinese are reacting with an aggressive fiscal and monetary stimulus to counter the negative impact of the trade war on their economy and believes the United States needs to do the same.
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Gary CarmellThe following are the remarks I gave at the inaugural lecture that was held at the University of California, Irvine on May 23rd, 2019.
I want to thank you for coming out tonight for this event. It really means a lot to me as this is such a personal cause.
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Gary Carmell
The following is a recap of my tribute to Roneet delivered at Pardes Institute of Jewish Studies, May 2019
May 7, 2019, would have been my 30th anniversary with Roneet. We met towards the tail end of her senior year at UCLA.
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Gary Carmell
I spent last week in Israel and it was a fascinating time to be there. It’s always interesting, but it was particularly so this time due to the significant escalation of hostilities in the south of the country as well as that it was coinciding with Israel’s Memorial and Independence Days (no accident I’m sure).
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Gary Carmell
Mohamed El-Erian, the former CEO of PIMCO, said recently on CNBC that if you want to know what’s going to happen to U.S. long-term interest rates, then all you have to do is look to Germany. And so that is what I did.
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Gary Carmell
There’s a regional park near my house that I like to hike. It has beautiful scenery, a lot of hills, and a number of people on the trails that conveys a feeling of community and self-care. Its topography and large size allow for many different trail options in terms of length,
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Gary Carmell
Last week we had our annual investor meeting for CWS. This was a huge milestone as we celebrated our 50th anniversary. The attendance was a record with more than 600 people taking time out of their busy lives to join us for dinner and presentations from the CWS principals.
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Gary Carmell
Last Friday was Roneet’s birthday. She would have been 55. I thought this would be an appropriate time to discuss ways I have tried to honor her.
As I’ve gotten older and have had more resources available in which to invest in other people and organizations,
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Gary Carmell
I have a myriad of reasons for writing my blog week in and week out. One of them is that it can serve as a quasi-diary of my life so that I have something I can turn to remember what was happening in my life and when.
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