In the short run, the Fed chose to keep up the inflation fight despite deteriorating financial stability emanating from a wounded banking sector. There is now a lot of market data corroborating that the Fed will have no choice but to start cutting rates soon.
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I’m going to breeze through a number of tweets and charts as I’m headed to watch the semi-finals and finals of the tennis matches at Indian Wells. The weather is going to be outstanding, and the matches have a similar promise.
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Like many others, I have been looking for where cracks in the financial system might appear catalyzed by the aggressive Federal Reserve rate hiking policy and balance sheet contraction. And while the housing market has been an obvious sacrificial lamb via much higher mortgage rates,
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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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