Gary Carmell
A little over six months ago I wrote about what was for a long time a disastrous investment that I made in a coal company that I purchased prior to Covid and subsequently dropped 80%. The post discussed many of the compelling reasons to hang on to the company because coal producers were extremely well-positioned to capitalize on very favorable supply/demand fundamentals.
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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’
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Gary Carmell
At CWS we have been heavily focused on growth-oriented markets that have large in-migration due to a competitive cost of living, high quality of life, and pro-business environment. This has led us to be heavily concentrated in metro areas such as Austin,
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Gary Carmell
There’s no question now that the Federal Reserve is in full hawkish mode. The release last week of the minutes of the previous FOMC meeting left no doubt that they are on an aggressive path to squelch inflation through demand destruction and tightening financial conditions.
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Gary Carmell
There’s nothing like a challenge to focus one’s mind, attention, and organization of one’s life to meet that challenge. I was playing doubles last Tuesday night and right before the match, I received a text from someone who I play singles with fairly regularly.
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Gary Carmell
I had the distinct pleasure to once again attend the last three days of the BNP Paribas tennis tournament at Indian Wells. I purchased tickets for the quarterfinals, semi-finals, and finals for both men and women for singles and doubles. I love to observe the players in action to study how they approach their craft and adapt to different situations,
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Gary Carmell
The Fed finally raised short-term interest rates last week. The market is expecting a very fast and steep rate hike cycle as this chart shows. This is a far cry from Powell reiterating that the Fed wouldn’t raise rates until the end of 2023 at the earliest.
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Gary Carmell
I often wonder what he is feeling
Has he ever heard a word I’ve said?
Look at him in the mirror dreaming
What is happening in his head?
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Gary Carmell
I think the following headline juxtaposed with the graph below summarizes the incredible tension facing the U.S. economy. On the one hand, we have a very robust labor market producing a large number of jobs.
And yet, 10-year Treasury yields dropped like a rock after the employment report was released.
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Gary Carmell
This post is going to fall under the category of fake it until you make it. I am going to pretend like I have some special insights into Russia and its actions vis-à-vis Ukraine because I was a political science major, I took classes in Russian history,
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