🎸 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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Blog Archives
Stand by Me: The Fed Will Cut Three Times
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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A Jackson Hole Farewell
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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Make Fear Your Friend
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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Little Bets -Should Highest Cost Debt Be Repaid First?
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.…
New - Debt Worries - Then and Now
by 
Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, News, Uncategorized, Wealth
No Comments ↓
Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, News, Uncategorized, Wealth
No Comments ↓
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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The Intelligent Ignoramus
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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Buckle Up
I can’t believe I’m saying this but I kind of miss the days when interest rate concerns were at the forefront of investor concerns, including mine.
Now it’s been replaced by trade and tariff fears.
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Notes from Abu Dhabi...And One from Oman
Last week I was in Abu Dhabi for a one-day conference, and then Heather and I went to Oman for a few days. There were approximately 150 people at the conference, with a strong representation from the Abu Dhabi sovereign wealth and pension funds.
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Method Behind the Madness?
by Gary Carmell
Posted in COVID 19, Economy, Interest Rates, Stock History, Stock Market
1 Comment ↓
Gary Carmell
Posted in COVID 19, Economy, Interest Rates, Stock History, Stock Market
1 Comment ↓
The bond market detests Donald Trump’s approach to tariffs.
Equally importantly, it appears that much of the American public does as well. This chart should scare Donald Trump as independent voters are now very concerned about inflation spiking in the near future.
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