Gary Carmell
When I used to watch my son’s high school basketball team I was always so impressed at how composed they were. Many times they would initially fall behind and the other teams would get so pumped up after getting off to a strong start, especially against such a good team as ours.
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Gary Carmell
It was quite a week of action for CWS, particularly for our risk management, safety, construction, operations, asset management, human resources, marketing, and maintenance teams. We have been having very early calls (at least for me on the west coast) every morning, including over the Labor Day weekend,
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Gary Carmell
With the extraordinary events that took place in Houston, southeast Texas, and Louisiana as a result of Hurricane Harvey I felt that it was much more relevant to discuss this catastrophe versus part two of demographics and interest rates emphasizing Japan.
Houston: Hurricane Harvey
An estimated 27 trillion gallons of water has blanketed southeast Texas and parts of Louisiana.
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Gary Carmell
One of the key premises that I have with regard to interests rates staying low for a very long time relates to demographics. The United States is projected to grow more slowly in the future and as a result the labor force growth will also slow which will make the productive capacity of the country lower than it otherwise would be absent material gains in productivity.
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Gary Carmell
In 1985 I was in the United Kingdom for three months and I distinctly remember benefiting from the strengthening dollar against the weakening pound similar to what we are seeing now. The British pound has depreciated in the wake of the Brexit vote to levels not seen since 1985,
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Gary Carmell
Whenever there are significant events that take place, particularly those with some historical context, I like to take a step back and, if possible, go back in time and find real-time sources to generate a better understanding of what people were thinking at the time. The terrible events in Charlottesville was a catalyst for me to take this approach.
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Gary Carmell
Let us put men and women together, see which one is smarter,
Some say men, but I say no, women got the men like a puppet show.
It ain’t me it’s the people that say,
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Gary Carmell
The unemployment rate is the most important indicator for people who are believers in the Phillips Curve. Phillips Curvers believe that there is a trade-off between unemployment and inflation. The less slack in the labor markets (lower unemployment rate) the more inflation there will be as labor can bargain for higher wages and this,
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Gary Carmell
Technology stocks, particularly large capitalization ones, have been on a tear as the following chart shows.
Since there is overlap between the two indices, I was curious to know how the largest technology companies have impacted the overall S&P 500 return.
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Gary Carmell
I was the honored recipient of a dinner that took place for my 30th anniversary at CWS last week. The dinner was organized by my wife with some help from CWS. I usually don’t read a prepared speech when I have something to say in public but in this case,
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