I think this chart is what keeps Jay Powell up at night. If he were convinced beyond a reasonable doubt that we were still in the same low inflation regime that had been present for decades prior to Covid,
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Blog Archives
From Housing to Labor and Back Again
by 
Gary Carmell
Posted in Apartments, COVID 19, Economy, Housing, Interest Rates, Labor, News, Real Estate
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Gary Carmell
Posted in Apartments, COVID 19, Economy, Housing, Interest Rates, Labor, News, Real Estate
No Comments ↓
Riding a False Premise: The Hard Rain Scenario
I saw ten thousand talkers whose tongues were all broken
I saw guns and sharp swords in the hands of young children
And it’s a hard, and it’s a hard,
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Only Time Will Tell: Hedging Ahead in the Expectations of a Shifting Fed
I hope everyone had a wonderful Thanksgiving. I’ll pivot back to Jay Powell and the Fed from Pete Townshend and The Who. Two of my favorite subjects 🙂
The minutes of the Fed meetings that took place November 1-2 were released last week.
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The Power of Concentration What You Need to Know
by Gary Carmell
Posted in Apartments, Economy, Housing, Interest Rates, Investing, News, Retirement
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Gary Carmell
Posted in Apartments, Economy, Housing, Interest Rates, Investing, News, Retirement
No Comments ↓
Warren Buffett’s 2014 Letter to Investors – The Power of Concentration
Warren Buffett’s Berkshire Hathaway’s stock price exceeded $200,000 per share for the first time in August 2014. The company was the world’s fifth most highly valued corporation in 2014 and dropped in 2022 to 6th place. The stock was propelled higher by record earnings (August 1,
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Seeking Shelter from Shelter
Last Thursday was an incredible day for virtually all markets. That is when the CPI report was released, and inflation came in a bit lighter than expected which in turn lit a fire under the bond and stock markets. The NASDAQ was up by more than 7%,
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Purchasing Power and Paris
Although the hawkish Fed has made it more challenging for many businesses in the United States, it has also resulted in some beneficiaries. One is just plain old savers who, during Covid, essentially earned 0% on their idle savings. With the Fed aggressively raising short-term rates,
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Stuck in the Middle with You in London
I recently visited London for meetings with insurers. This is the second year in a row I went for these meetings, and the third overall. In spite of the time and cost, I came away convinced that it was well worth it,
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All Roads Lead to the Fed
I was traveling internationally last week for some meetings in London as well as a side visit to Paris prior to Chunneling it to London. While I was hoping to discuss Paris this week, given limited time and the market’s reaction to last week’s CPI report,
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Biden vs MBS
President Biden was caught on a hot mic when visiting Florida telling the mayor of Fort Myers that “No one Fs with a Biden.” As the tweet above shows, however, it appears that OPEC+ is doing just that. The question is, what will Biden do about it?
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Miss Truss(t)'s Hail Mary
The value of a country’s currency is a good barometer of its economic policies, human capital, competitiveness, freedoms, growth prospects, etc. From this chart, one can see that Great Britain has been on a long decline from a competitiveness standpoint versus the United States.
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