Gary Carmell
Posted in Economy, Interest Rates, Investing, News, People, Stock Market
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The title of this blog is from the Talking Heads song Life During Wartime. Maybe I should have called it Life During Quarantine instead but we are definitely on a wartime footing. If you don’t think so then maybe these charts might help convince you as financial markets are the most real-time indicator of investor sentiment and discounting the future to ascertain how investors react to key events.
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My international travels were scheduled to come to an end yesterday. I’m writing this prior to my arrival and assuming that there will be no delays in my return. It was a packed adventure that ended in Israel after visiting Dubai, Abu Dhabi, and Zambia via Lusaka,
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We’ve talked a lot about the advent of the Renter Nation at CWS for a number of years. When the housing bubble was in full force we used to say that people were renters but they didn’t know it because they had no equity in their homes due to the very aggressive financing that was available at the time.
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I spent six days in Japan, in 2014, visiting Tokyo, Kyoto, and Hiroshima. I went to Sumo wrestling, a 430-year-old restaurant, toured some beautiful temples and gardens, visited the peace park in Hiroshima, and of course, I did some karaoke. The Japanese are extremely service oriented and show great attention to detail.
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One of the hallmarks of very successful people is the ability to say “No”. Of course, there are those people who say no because they don’t want to do the work or they are obstinate and sometimes don’t like being told what to do. I’m not talking about those types of individuals.
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Overnight, The Saudis decided to ignite a price war which was the catalyst for oil prices crashing, stock futures imploding, and bond yields going through the floor, as reported by Bloomberg, Sunday, March 8, 2020. This was on top of last weeks dramatic drop in interest rates as exemplified by the 10-year Treasury yield dropping below 0.5% for the first time and 30-day Libor collapsing to below 1%,
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Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, Trends, Uncategorized, Wealth
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“The spectacular rise in interest rates during the 1970’s and early 1980’s pushed many long-term market rates on prime credits up to levels never before approached, much less reached, in modern history. A long view, provided by this history, shows that recent peak yields were far above the highest prime long-term rates reported in the United States since 1800,
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Network effects are extraordinarily powerful. The more people that join the network, the more valuable it becomes to be part of the network, which leads to more people joining. Entrenched, valuable networks are very hard to dislodge and offer great competitive advantages. Think of Facebook,
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Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Stock History, Trends, Wealth
1 Comment ↓
Not surprisingly, the Fed pulled the trigger and raised short-term interest rates by 0.25% for the first time since last December. I thought I would convey what I think are the most pertinent variables to be monitoring in the wake of the Fed tightening. I’m calling this blog post “See and Wait” as I will be showing many charts and opine on some of the ramifications but we will have to wait to see how it unfolds in the real economy.
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Gary Carmell
Posted in Economy, Investing, News, People, Trends, Uncategorized, Wealth
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I recently read about Tesla’s autopilot software update being able to look one and two cars ahead to determine if they are safe or at risk of an accident and, if so, this would then trigger the Tesla to slow down to avoid it.
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