I many times thought Peace had come
When Peace was far away—
As Wrecked Men—deem they sight the Land—
At Centre of the Sea—
And struggle slacker—but to prove
As hopelessly as I—
How many the fictitious Shores—
Before the Harbor be—
-Emily Dickinson
Every so often I will read poetry to tap into timeless thoughts and wisdom.
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It’s been awhile since I have had a blog post with a lot of charts and graphs. This is largely because my typical source for these, www.thedailyshot, had been off line for a long period of time.
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Powell’s Pivot and Market Tightening: Cockroaches Emerging in Credit Markets
The financial markets are flashing warning signs that deserve attention. Federal Reserve Chair Jay Powell’s recent shift in focus, combined with tightening money markets and emerging credit problems, suggests we may be entering a more challenging environment for credit quality.
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🎸 Don’t Look Back in Anger — Jerome Powell’s Pivot Ballad
Subtitle: A Fed Chair’s Lament in the Key of Regret
Intro: Leadership flows best when it’s adaptive,
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The two big events last week were the release of the non-farm payroll report and Heather and I attending the Oasis concert at the Rose Bowl. I will target discussing the latter next week while focusing on the former for this week’s blog.
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Fed Chairman Jerome Powell gave his annual Jackson Hole address last week. It’s almost assuredly his last one and is a fitting end to his tenure as it remained consistent with his personality and approach which is to be measured and flexible versus narcissistic and dogmatic.
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Wisdom from Warren Buffett
“Fear is the foe of the faddist, but the friend of the fundamentalist.” (1994)
“A climate of fear is their best friend. Those who invest only when commentators are upbeat end up paying a heavy price for meaningless reassurance.”
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I recently read a summary of an interesting piece of research that is somewhat counterintuitive at first glance but upon deeper reflection makes more sense and it’s the cornerstone for one of life’s great metaphors, you’ll see what I mean.
Little Bets -What We Can Afford to Lose vs.…
Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, News, Uncategorized, Wealth
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A blog for the curious skeptic –
There’s nothing new under the sun
(or at least very little)
I’m a big fan of newspaperarchive.com. I have a rather anti-social hobby of often going back and reading old newspaper articles. Occasionally I come across some worth sharing. The following is one written on March 18,
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With this week’s blog, I will inevitably get drawn into the morass of politics by reposting this tweet from X.
Ignoring the typo in which “is” should have been “his” the post made me wonder about the paradoxical intersection between intelligence and ignorance.
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