I have written a lot over the years about how global events and markets often follow the path of how one of Hemingway’s characters said he went bankrupt.
“How did you go bankrupt?”
Two ways.
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Blog Archives
Tariff Canaries in the Coal Mine
This week is my first anniversary with Heather. It’s been quite a year of growth, challenges, wonderful experiences, and a lot of laughs. I’m looking forward to many more years of navigating a beautiful journey together. It’s not easy to find one amazing partner in life,
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A 21st Century German Blitzkrieg
In a recent blog post I wrote about Trump moving (abandoning?) away from Ukraine as Europe’s Sputnik moment. Germany and France, the two biggest economies in Europe, no longer believe that the United States can be counted on to defend Europe so it’s now imperative they take far more control of their own destiny and not put Europe’s fate in the hands of the United States.
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Confusion and the Need for Second-Level Thinking
by 
Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Real Estate, Stock History, Stock Market, Uncategorized, Wealth
No Comments ↓
Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Real Estate, Stock History, Stock Market, Uncategorized, Wealth
No Comments ↓
Note: I was so absorbed in writing this blog while waiting for my connecting flight home at the Phoenix airport that I only realized after it was too late that I was at the wrong gate and that my flight was changed to a different gate in another terminal.
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Way Too Hot
Last week was so devastating for those who lost their homes in the LA fires. This satellite image and analysis done by Microsoft of an area of Pacific Palisades shows over 2,000 buildings that were damaged or destroyed, with the vast majority being residential.
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Data (co)-Dependence
Last week was a very bad week for the bond market, with some reprieve on Friday after a better-than-expected inflation report. This is a 5-day chart for the 10-year Treasury. Yields shot up by 0.20% after the Fed cut rates on the 18th and in the aftermath of Jay Powell’s press conference.
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Chris Robinson and Great CEOS - Inertia Destroyers
Last week was definitely one that made me want to travel less and less. I had meetings in New York City on Thursday so I needed to be there by Wednesday night and then head back home to Orange County on Thursday evening. United has a non-stop from John Wayne to Newark which is really convenient.
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The Compounding of Intelligence - Is Wealth The Key?
One of the conventional narratives in our capitalist society is that the wealthy and most successful people are often the brightest and hard-working. I think what this fails to take into consideration is the nature versus nurture debate. People often think of intelligence as being innate and not very changeable.
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Rust Never Sleeps
It’s been five weeks since my back surgery and I’ve been doing my best to follow instructions from my doctor and physical therapist to lay off tennis and other strenuous activities for at least six weeks. And while I have generally adhered to their advice,
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Mixed Signals and Another Powell Pivot
There’s an old joke about economists that asks what happens when you put 10 economists in a room. You get 10 opinions. Well, in predicting whether the Fed would cut the Federal Funds Rate by 25 basis points or 50 basis points, they were virtually unanimous in their opinion,
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