Gary Carmell
Rather than laboriously going through the Fed statement released after it cut rates by 25 basis points last week, along with Jay Powell’s key statements at his press conference, I thought I would turn to one of my A.I. assistants to produce an analysis of what was said and how investors reacted to last week’s move.
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Gary Carmell
The U.S. apartment market has gone through a very intense swing from the greatest market in my life in 2021 and early 2022 to a far more challenging one from 2023 through today. The pendulum swung far to the left in the wake of low interest rates,
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Gary Carmell
I many times thought Peace had come
When Peace was far away—
As Wrecked Men—deem they sight the Land—
At Centre of the Sea—
And struggle slacker—but to prove
As hopelessly as I—
How many the fictitious Shores—
Before the Harbor be—
-Emily Dickinson
Every so often I will read poetry to tap into timeless thoughts and wisdom.
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Gary Carmell
It’s been awhile since I have had a blog post with a lot of charts and graphs. This is largely because my typical source for these, www.thedailyshot, had been off line for a long period of time.
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Gary Carmell
When I was in Abu Dhabi, I was on a panel for one of the breakout sessions focusing on global interest rates. And while there was a resource from Oxford Economics brought in to give a presentation, I couldn’t resist making my opinions and beliefs known since interest rates are one of my obsessions.
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Gary Carmell
My middle name starts with a C, which makes my initials GCC. It just so happens that last week I was in a GCC (Gulf Cooperation Council) country. I was in Abu Dhabi and Dubai for a conference hosted by a global real estate organization I joined this year.
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Gary Carmell
Over the years I have periodically written about approaching some of the choices I make in life and habits I have cultivated, or would like to do so, with the goal of growing my productive capacity. This is particularly the case when it comes to exercising and learning.
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Gary Carmell
Last week, I had the privilege of participating in our National Day of Caring alongside a wonderful group of Newport Beach associates at a local Orange County food bank. Together, we filled 400 boxes of food—well over 1,200 pounds—destined for needy families.
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Gary Carmell
Powell’s Pivot and Market Tightening: Cockroaches Emerging in Credit Markets
The financial markets are flashing warning signs that deserve attention. Federal Reserve Chair Jay Powell’s recent shift in focus, combined with tightening money markets and emerging credit problems, suggests we may be entering a more challenging environment for credit quality.
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Gary Carmell
Last week was pretty busy and included two days of travel. This required me to tap into some content I had prepared over the summer to meet my weekly blog commitment. I mentioned during the summer that I had an incident happen that was pretty impactful such that I was contemplating sharing about it if I got the nerve to do so and the timing was right.
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