Gary Carmell
Posted in COVID 19, Economy, Housing, Interest Rates, Investing, Trends, Uncategorized
2 Comments ↓
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
Posted in COVID 19, Economy, Interest Rates, News, Uncategorized, Wealth
No Comments ↓
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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For whatever reason, I was really struggling with what to write this week. Yes, I admit that this does happen. I then started reflecting on the previous week and one of the attention-grabbing events and there was one that particularly impacted my kids, especially my daughter.
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Hey, don’t you worry, I’ve been lied to
I’ve been here many times before
Girl, don’t you worry, I know where I stand
I don’t need this love,
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2021 is now in the history books and it should be a year worthy of study and reflection. We had to work through a full year of Covid and the huge collateral damage that it has done to people’s physical and mental health,
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Gary Carmell
Posted in COVID 19, Economy, Interest Rates, Market Bubbles, Uncategorized, Wealth
2 Comments ↓
The Fed blinked and acknowledged that inflation may not be transitory. When combined with its perception that the labor market is on the way to being healed, Jerome Powell has moved up the Fed’s estimate of the first rate hike by more than a year.
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Gary Carmell
Posted in Advice, COVID 19, Investing, People, Personal, Psychology, Uncategorized
1 Comment ↓
The more I go through life, the more convinced I am of how so much of what we do and who we are are a compilation of our habits. Of course, habits can be beneficial or harmful. It goes without saying that we should strive to build up and sustain the good ones and avoid or eliminate the counterproductive ones.
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With the Omicron variant, originally called Nu, capturing global headlines and concern that it is so different from other variants due to the number of mutations it possesses, there is deep concern that the global economy will go back into lockdown mode.
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Gary Carmell
Posted in Apartments, COVID 19, Economy, Investing, Personal, Travel, Uncategorized
No Comments ↓
I was in London last week for my first international trip since March 2020. It was nice to be overseas again. Given time constraints I will target sharing more of a pictorial journey of my trip after I get back. I like keeping a travel log via this blog as it can serve as a diary of my excursions around the world and gives me a place I can return to if I want to revisit some of those trips.
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Our supply chain debacle is front and center for virtually every person in the U.S. in one way or another. This chart is fascinating to me in that orders are now about 5% above previous cycle peaks.
And yet,
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