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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I read a very interesting theory about Donald Trump‘s master strategy when it comes to the trade war with China. Trump believes that he can win a trade war, but he can’t do it alone. He sees that the Chinese are reacting with an aggressive fiscal and monetary stimulus to counter the negative impact of the trade war on their economy and believes the United States needs to do the same.
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I received a memo from a very successful real estate developer and investor whose expertise is industrial properties. He produced a thoughtful memo as to why now is the time to take a pause from investing for fear that investor euphoria is elevated and there are unsustainable macro trends that pose a great risk to investors.
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I have to confess that I’m feeling a bit guilty about something. A few weeks ago someone sent me a message on LinkedIn within 15 minutes (if not less) of me accepting his connection request. My usual experience with that one-two punch is not very favorable as it often relates to someone wanting to sell me something,
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This is going to be a short blog post, given my travel schedule last week. I have been talking for a while now about the narrowing yield curve and the prospects for it inverting. The 10-year Treasury finally went lower than the 3-month Treasury bill,
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Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Uncategorized, Wealth
1 Comment ↓
I’ve been pleasantly surprised so far with regard to how well our rent collections have held up since the onset of COVID and the corresponding economic carnage. On average, we’ve been collecting across our portfolio about 98% of what we have billed.
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I’ve been focused on my book the last few weeks so I thought I would focus on some other authors and convey some of the wisdom I’ve discovered from them.
One of the reasons I enjoy my Kindle so much is that it tracks all of my highlights and notes which makes it very easy to go back and review them.
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With the Chinese weakening their currency, the pound under pressure due to Brexit, and the Euro depreciating due to poor economic fundamentals and demographic trends, it seems like we’re in a phase of monetary policy in which currencies are factoring in much more significantly when it comes to interest rate policy.
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Gary Carmell
Posted in Apartments, Economy, Interest Rates, Investing, Stock History, Stock Market
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One can see from the following charts from Sentimentrader.com that the last 100 trading days have been one of the worst periods in terms of stock returns in modern history.
And while the jury is still out as to whether we will have a recession over the next year,
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