Gary Carmell
I’ve been wrestling with the theory that we have had a regime change from the credit dislocation cycles that have led to emergency-type measures from the Fed via balance sheet expansion and near 0% interest rates to one that has inflation as much more of a central concern due to powerful fiscal expansionary tendencies and other factors such as onshoring of manufacturing,
…
Gary Carmell
Last week I was driving to one of my early morning sessions with my trainer. I took a route I usually don’t take and on the way I passed Edwards Lifesciences headquarters. It’s a beautiful building and while driving past it I was suddenly filled with gratitude because they make a device that was used to keep my mitral valve in my heart from leaking after it was surgically repaired.
…
Gary Carmell
Just when the market prices in four cuts for 2024, either the Fed comes out to talk the market down or data is released to suggest investors are being too aggressive in pricing in the number of Fed cuts.
We are now back to the point where the market and Fed are once again aligned on the number of cuts in 2024.
…
Gary CarmellSince this is the week my book (March 2015) officially comes out in bookstores, I would be remiss not to acknowledge it. Writing a book has been on my bucket list for a while so I’m excited and proud to have completed such a monumental goal.
…
Gary Carmell
There are things you can replace
And others you cannot
The time has come to weigh those things
This space is gettin’ hot
You know this space is gettin’
…
Gary Carmell
In my last post, I unveiled The Eleven, my new tennis court and viewing space. A little less than a week later, Heather and I had our first social gathering to show some of our friends why we have been hermits for the last three years.
…
Gary Carmell
Regular readers know that I have written a lot about tennis over the past few years and that I have been embarking on building my own tennis paradise at my home. This process has taken over three years (so far) but last week was a milestone as I was able to play on the court for the first time.
…
Gary Carmell
The more I go through life, the more value I place on clarity. And while clarity can often come from an epiphany, it takes a lot of training to put oneself in a position to have such epiphanies. Besides having a lot of life experience to know what has worked and what has not,
…
Gary Carmell
Last week, the GDP report for the 4th quarter was released as well as the Fed’s favorite inflation index, the Personal Consumption Expenditures price index (PCE). The Fed should be very pleased with what the reports revealed and how it has defied the overwhelming consensus that a hard landing was necessary to break the back of inflation.
…
Gary Carmell
Last week I participated in what we call our State of the Company meetings. I was in Austin, San Antonio, Houston, Dallas, Denver, and Phoenix. Seattle had to be postponed because of the grounding of Boeing Max 9 planes. Alaska Airlines was particularly impacted by this and this has led to the cancellation of a number of flights.
…