Gary Carmell
Posted in Economy, News, Personal, Travel, Trends, Uncategorized, Wealth
3 Comments ↓
This is one of those weeks where I don’t have anything pressing I feel I need to convey or work through to gain clarity so I thought I would share some random thoughts related to the coronavirus, surveying data, economic reports, and health tip.
Coronavirus vs.…
With the renewed runup in interest rates, I thought it would be appropriate to revisit the homeownership market via a frenzy of charts. Of course, all real estate is local, but these overall trends are pretty powerful, so it would be unusual for most markets to be immune to them.
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I couldn’t stay away from interest rates for too long. Last week was very fascinating. There was a lot of news that should have been quite bearish for long-term bonds but instead, yields moved down by about 5 basis points for the week for the 10-year Treasury note.
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Carl Icahn has clearly done enormously well over the years in compounding capital through his highly aggressive, activist approach to investing. He is not shy about expressing his opinions, sometimes in a Trumpesque manner, to call out underperforming management teams, changes he thinks they should make to increase returns to shareholders and the performance of the business and to get more involved to either make changes and/or hold management teams more accountable.
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I recently returned from the National Multifamily Housing Council conference in Las Vegas. I have been attending the conference since very early in my career, which makes me one of the pioneer attendees as the organization was fairly new then, and there were probably no more than 500 people at the conference in the early 1990s.
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Gary Carmell
Posted in Apartments, COVID 19, Economy, Housing, Market Bubbles, News, Real Estate
No Comments ↓
Give me a word
Give me a sign
Show me where to look
Tell me, what will I find?
What will I find?
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Gary Carmell
Posted in COVID 19, Economy, Housing, Interest Rates, Investing, Trends, Wealth
No Comments ↓
Last week was pretty important in confirming the trend change in interest rates and solidifying a slowdown in economic activity. Evidence of the economy slowing is reflected in more U.S. firms cutting their earnings guidance versus raising them.
As the above chart shows,
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There is so much concern about the level of our federal government debt and how will we ever repay it. That is one thing to never have to lose sleep over. The United States uses a currency (the dollar) that only it can produce, has no obligation to back its currency with anything other than its commitment to accept it to pay taxes that are owed,
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Paul McCulley of PIMCO fame is one of the most interesting, entertaining, and thought-provoking communicators about complex financial subjects, especially in the realm of economics. He is particularly well known for his annual letter that transcribed very in-depth conversations he would have with his beloved pet rabbit Morgan le Fay (sadly deceased now) about pertinent issues concerning investors,
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Einstein believed that the eighth wonder of the world was compound interest. The benefits of compounding are so powerful not only when it comes to money but also good habits. They build on each other through incremental gains and eventually, it snowballs into different forms of competitive advantage,
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