The ecosystem and nature are fascinating to me. What I find so interesting is how systematic and interconnected it is and how species and ecosystems evolve. I naturally (pun intended) wanted to see if there were any lessons that could be applied to investment firms like CWS (and ourselves individually) from the characteristics of healthy ecosystems.
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Although CWS is largely an owner/operator of apartment communities, we have been developing new communities for over 25 years. Approximately 15% of our portfolio consists of properties we have developed. Given the large amount of capital looking to own apartments and the compression in cap rates,
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Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Stock Market, Wealth
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Although I’m in the camp that the Fed will stick to its word and not raise short-term interest rates until after 2023 at the earliest, the market is betting differently. Rather than focusing on when the Fed will start raising rates, let’s assume that they will.
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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
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[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
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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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