The Philosophical Investor's Blog

Economic Gain, Treasury Pain

Treasury Yield

It’s been a brutal couple of weeks for Treasuries as the following headline from Bloomberg attests to on September 13th.

Bloomberg Treasury Dive

10-year yields bottomed on a closing basis on September 3rd at 1.47% and have shot back up to 1.90% as of September 13th.

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Sickness, Grit, Reliability, and Variable Rate Loans

mental toughness

Roneet used to say that you have to be healthy in order to be sick. She was spot on. I, fortunately, don’t get sick very much but last week was one in which I was fighting my annual cold. It usually lasts five to seven days and then I’m back to good health.

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Ghosts of Inverted Yield Curve Past

Yield Curve inverted

And all the roads we have to walk are winding

And all the lights that lead us there are blinding

-Wonderwall by Noel Gallagher (for Oasis)

I saw a double bill of Noel Gallagher (formerly of Oasis) and Smashing Pumpkins last week.

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Find a Game and Get in the Game

Failure to Launch or Find Yourself

I was talking to my daughter about a few college graduates that seem to me as if they fall into the category of “failure to launch”. Well, maybe they have launched but they have not reached escape velocity to reach an orbit of independence (and I don’t just mean financially) and growth.

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Roneet Carmell Center for Jewish Life

Roneet-Carmell-Center-for-Jewish-Life B

This post is designed to share with you the rationale as to why I have taken the lead to fund the purchase of the land and construction of a synagogue and community center in Tustin, California that will be called the Roneet Carmell Center for Jewish Life.

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Got Gold?

gold

With the Chinese weakening their currency, the pound under pressure due to Brexit, and the Euro depreciating due to poor economic fundamentals and demographic trends, it seems like we’re in a phase of monetary policy in which currencies are factoring in much more significantly when it comes to interest rate policy.

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The Road to Zero?

road to zero percent interest

The market didn’t react very well to Jerome Powell’s characterization of Wednesday’s interest rate reduction as a “mid-cycle adjustment.” Investors took that to be a bearish easing of monetary policy. The stock market dropped, the bond market took a future interest rate reduction off of the table,

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From Anger To Well Being - Harnessing Hurt

Anger Tennis

Awhile back I wrote about the book called The Surprising Purpose of Anger: Beyond Anger Management: Finding the Gift. I went back and reviewed the book again because I’ve been playing tennis recently and quite frankly I have felt personal disappointment because I have been unnecessarily hard on myself and angry when I make unforced errors to the point where my behavior can be unbecoming.

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Looking Back At My 32 Years With CWS And Planning For The Future

Gary Carmell 32 Years with CWS looking forward

July 20th was my 32nd anniversary at CWS. After college, I moved down to Orange County to be with Roneet to start our lives together. She had recently begun her career at Nordstrom that would be the start of a meteoric rise to upper management over her 10 years there.

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Think Globally Act Locally

Think Globally. Act Locally

There has been some criticism of Fed chairman Powell as he has gone from saying this in early October 2018:

Jerome Powell we're a long way headline

To telegraphing this on July 10th:

Jerome Powell Signals Rate Cut

Those who are upset by his dovish turn are irked because they feel like he is kowtowing to the market and Trump who is forcing his hand despite record high stock market averages,

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