The first quarter was incredibly ugly for bond investors, particularly those with exposure to longer-maturity ones. Bond investors were not happy as Treasuries generated the worst quarterly return since 1980.
So who were the big sellers of Treasuries?
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Gary Carmell
Posted in Apartments, COVID 19, Economy, Housing, Interest Rates, Investing, News, Wealth
2 Comments ↓
[UPDATE] 3:00 PM Egypt – 6 AM PST the Ever Given was refloated and is on the move again. Credit is given to the full moon bringing the spring higher tides, 14 tug boats, and the 27,000 meters of sand removed. The following was written prior to this news.
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I remember reading about how Peter Drucker knew to leave Germany after Hitler came to power. He said it was simple. He read Mein Kampf and took Hitler at his word. Since he was Jewish he had to assume he was a target and he determined that the risk of emigrating was far less than the risk of staying.
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Economic growth is projected to increase quite substantially now that the $1.9 trillion stimulus has been passed. The following chart shows that economists are forecasting the strongest growth since the Reagan years.
Not surprisingly, a lot of this projected growth is predicated on the spending of built-up savings from multiple stimulus packages that have passed and been disbursed.
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Gary Carmell
Posted in COVID 19, Economy, Housing, Interest Rates, Investing, News, Stock History, Stock Market
1 Comment ↓
Well, I won’t back down
No, I won’t back down
You can stand me up at the gates of hell
But I won’t back down
No,
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Before action is taken it first must manifest as a thought, however fleeting. And, if actions are part of a more strategic thought process seeking to produce longer-term results, then thoughts are almost always translated into speech and/or writing in order to communicate the thinking and desired outcomes to others who may be necessary or valuable to help bring the desired outcome(s) about.
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Gary Carmell
Posted in Economy, Housing, Interest Rates, Manufacturing, News, Trends, Wealth
1 Comment ↓
This week will be another one focused on charts and graphs that caught my attention. The emphasis will be on the story of the Fed remaining very dovish in spite of what appears to be some pockets of economic strength (e.g. housing, commodities, semiconductors),
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Gary Carmell
Posted in Advice, Economy, Investing, News, Stock History, Trends, Uncategorized
No Comments ↓
In The March of Folly author Barbara Tuchman defines folly as acts that are clearly contrary to the self-interest of the organization or group pursuing them. It would seem like the Fed would fall into this definition. Its mandate is full employment and price stability while also providing prudent financial oversight to minimize the risks of financial contagion (I added the third one).
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I was privy to a conversation between two females, one of whom is a senior in high school. She was lamenting the fact that her English teacher had given her class an assignment to write a sonnet. This caught my attention as, while I have expressed myself a few times over the years by writing haikus,
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Gary Carmell
Posted in COVID 19, Economy, Interest Rates, Investing, Manufacturing, News, Stock Market, Trends, Uncategorized, Wealth
1 Comment ↓
The jobs report released on Friday was disappointing.
Disappointing Job Growth
Perhaps the report shouldn’t have been such a surprise on the downside based on this chart.
It would appear that job seekers are less confident about their prospects as they have significantly reduced their searches.
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