Blog Archives

A Grateful Journey (and Sadness for the Covid Generation)

With the Thanksgiving holiday last week, I thought it would be appropriate to focus this week’s blog post on something I am deeply grateful for. My source of gratitude was coincidentally triggered when listening to a podcast about the Grateful Dead. Definitely, the right band when thinking about gratitude.

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Deep Freeze Skepticism

vaccine Deep Freeze Skepticism

Last Monday’s announcement by Pfizer that its Covid-19 vaccine was more than 90% effective in preventing the illness sent an earthquake through financial markets, eliciting the worst day in history for momentum stocks. Momentum stocks have been the best performers and investors invest in them believing that strength creates more strength which will lead to outperformance.

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Post-Election Chart Frenzy

post election

First of all, kudos to the tremendous participation among Americans in the electoral process. This election galvanized Americans into participating in the democratic process. Love or hate Trump; there is no question that he is a catalyst for stirring emotions and action.

Preliminary Data Suggests Highest U.S. Election Turnout Since 1900

It was fascinating to see how markets reacted as information was released related to the election.

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Maximum Flexibility - Work from Anywhere

Maximum Flexiblity Work from Anywhere

The following chart shows that people are the most comfortable returning to work within a month or less as compared to other activities. The percentage is 65% so there is still a substantial minority who are still concerned about returning to their previous work environment. 

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Cheap Trillion Dollar Insurance

stimulus Cheap Trillion Dollar Insurance

I’ve been pleasantly surprised so far with regard to how well our rent collections have held up since the onset of COVID and the corresponding economic carnage. On average, we’ve been collecting across our portfolio about 98% of what we have billed.

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Confucius Say Beware of Superspreader

Confucius Say Beware of Superspreader

With China having gotten a lot of heat for Covid-19 I thought I would end this post with advice that I think one of its great philosophers would have given had he been alive today. Confucius lived between 551-479 B.C. According to Wikipedia

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A Brutal Dichotomy: Time For Another Meaningful Stimulus?

Brutal Dichotomy: Tightening Fed Stimulus

Fiscal stimulus has now started to contract while the Fed’s monetary support for the economy has tightened quite significantly over the last three months. See what the following charts show:

U.S. Fiscal Thrust Policy Expansionary Policy Contractionary Stimulus

Fed Balance Sheet Impulse 10-2020 Stimulus

The following is from The Washington Post and shows how significant the support for the unemployed has been and how it will drop materially if no stimulus package is passed.

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Known Unknowns from Alaska - CWS Planning Meeting

A couple of weeks ago, I had the pleasure of traveling to Alaska for a small CWS planning meeting on a private boat. To enter Alaska without being quarantined, one had to prove he or she tested negative for COVID, which fortunately I did.

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Interest Rates: Lower for How Much Longer?

variable interest rates

“We’re not thinking about raising rates — 

we’re not even thinking about thinking about raising rates,” 

Jerome Powell during 6/10/20 press conference

With interest rates at record lows, this is a time when many people are strongly considering locking in long-term,

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The Positives of Being Negative

LIBOR Variable Interest Rates F

Ok, let’s get this out of the way first since this blog has a subliminal purpose of being a diary for major economic and financial milestones so this is one I can’t ignore.

April Unemployment Rate Rose to a Record 14.7 2020

Now to the subject at hand.

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